Recovery of the high end housing market?
The bottom dropped out of the high end housing market ($600K+) last year in Harrisonburg and Rockingham County. After 7+ sales every year between 2004 and 2011 (and as…
Last chance to customize a Liberty Square II townhouse!
You have one more chance to customize a Liberty Square II townhouse --- as there is only one townhouse remaining in the development. The model home is shown above, and…
Since the housing market is improving, will my home value finally start to increase?
As stated yesterday, even though sales are up, prices are not yet increasing. So what can we expect of home prices over the next five years? I believe we will start to…
Sales Up, Inventory Down, Prices Stable in Harrisonburg, Rockingham County
As several of you pointed out, last week's sales and inventory graph was missing the trendline for price. So, here (above) is the updated graph. As you can see, over the…
Long term trends in sales and inventory levels
Another look at sales and inventory trends over the past four years.... We're in a good place now --- fewer and fewer homes for sale combined with more and more home…
How strong were the first four months of home sales in Harrisonburg and Rockingham County this year?
As you can see, the first four months of 2013 were quite strong when it comes to the number of home sales in Harrisonburg and Rockingham County.... Stronger than any of…
How much has our local housing market slowed down (and then sped up) over the past six (and then two) years?
As shown above, the highest price segment of our local market has slowed down the most (-66%) over the past six years, especially as compared to the lowest price segment…
Home sales soar in April 2013 to highest level since June 2010
I just published my monthly market report on the local housing market and there is plenty of good news in many segments of the market. Click the cover of the report below…
Will Harrisonburg pay $9.5M towards a $40M downtown public-private hotel and conference center?
A private developer (dpM Partners, LLC) is proposing to build a hotel and conference center in Downtown Harrisonburg. The $40M project would be (per the proposal) paid…
Looking to purchase a large investment property rented to lots of JMU (or EMU) students? Now might be your opportunity.
I have come to know these two things to be true.... There are lots of large properties rented to lots of JMU students that bring in lots of investment income. The…
BIG Small Business Event of 2013
This full-day conference provides professional development and networking opportunities to entrepreneurs, managers, and business owners. Click here to learn more about…
Local unemployment rate drops below 5% for first time in 50 months
The Harrisonburg / Rockingham unemployment rate dropped below 5% for the first time in 50 months in March. This is a good sign for our local economy, and also speaks to…