Home Sales Slow In February But Contract Activity Increasing
Happy Spring! Yesterday's warm sunny afternoon was a welcome reprieve from our recent frigid temperatures - and it looks like we'll have continued warm-ish (or at least…
Are Home Sellers Waiting For Warmer Weather?
OK, I know it's not Spring yet, but it's March! We're supposed to start seeing many more new listings coming on the market - finally - for all of the buyers who have been…
Local Real Estate Market Holds Steady in January 2019
I hope you are finding time to enjoy this one sunny day this week - amidst clouds, rain and snow the rest of the week. Perhaps the bright news in this update on the real…
Should I Wait For A Better House To Come On The Market?
This is a common question at this time of year -- as new listings start to trickle onto the market -- but before the deluge (hopefully!?!?) of new listings in March and…
Will Single Family Home Sales Ever Return to 2016 Peak?
I actually asked the same question last year. Thus far, the answer is still -- NO -- detached homes might not (??) ever (??) return to their 2016 peak. Actually, I don't…
What Would It Take For New Construction (For Sale) Housing To Be Built, At Scale, In or Around Harrisonburg
As you may have heard -- the market is hot -- sales are stead, inventory levels are declining and homes are selling more and more quickly. Perhaps, just perhaps, we need…
Changes in Housing Inventory Levels By Price Range
Not all price ranges are created equally, it seems. The hardest hit price range, perhaps unsurprisingly, is the under $200K price range -- where we have seen a 52%…
30 Year Fixed Mortgage Rates Dropped Half Percentage Over Past Two Months
Mortgage interest rates have, indeed, steadily declined over the past two months -- from 4.94% down to 4.45%. That is a half of a percentage point, which is a large…
Do Lower Housing Inventory Levels Matter In Our Local Market?
Inventory levels have fallen rather consistently over the past several years: Start of 2016 = 560 homes for sale Start of 2017 = 413 homes for sale Start of 2018 = 280…
Harrisonburg Year End Housing Market Report Shows Increases in Sales and Prices
Happy Cold and Snowy January - and Happy New Year! Before we look back at a summary of our local real estate market in 2018, take a few minutes to explore the featured…
Would Be City Townhouse Buyers Finding Few Options
Some time ago, I created a website (HarrisonburgTownhouses.com) for exploring townhouse communities in and around Harrisonburg, Virginia. This allows you to explore sales…
My Predictions for the 2019 Real Estate Market
As is my annual tradition, I am making some predictions about what we'll see in the Harrisonburg and Rockingham County real estate market in 2019. As you'll note above, I…