Folks Who Bought Homes In 2020 or 2021 Might Stay In Their Homes Longer Than Expected
Did you buy a home in 2020 or 2021? I'm betting you might stay in that home longer than we might otherwise expect. After all, who would want to give up that fixed…
Is FOMO Fueling Rising Home Prices?
The Federal Reserve Bank of Dallas indicates that there are signs of a brewing housing bubble... and FOMO (fear of missing out) might be a contributing factor. You'll…
Home Sales Slow Slightly, Prices Still Climbing Quickly!
Happy Tuesday morning, friends! I hope you are enjoying the warmer weather this week, and perhaps some sporting events! We have a baseball player and a runner here in our…
Will Inventory Levels (of resale homes) Increase At All This Spring?
Many homeowners thinking about selling their homes this spring are considering selling sooner rather than later... because of the super low inventory levels right now…
Some Home Buyers Are Offering Sellers The Opportunity To Stay In The Home For A Few Weeks Or Months After Settlement
In this VERY competitive market, would-be buyers are going to great lengths to try to be the winning buyer selected by a home seller. In many larger markets (think cities…
It Can Be Difficult For An Owner Occupant Buyer To Compete With An Aggressive, Motivated, Investor Buyer With Cash
Some properties that hit the market these days -- particularly townhouses -- appeal to two different pools of buyers... Owner Occupants - often first time buyers, hoping…
Go, Go Now, Go Fast, Go See That House That Was Just Listed For Sale!
This is not news to most of you -- but homes are selling QUICKLY these days. It's no longer sufficient to try to see a new listing in the first week that it is on the…
Lots Of Home Buyers Are Still Competing For New Listings
For many new listings, the competition is still quite fierce in Harrisonburg and Rockingham County. Here are three recent examples I've been involved with or heard of in…
Timing The Sale Of Your Rental Property
Do you own a property in Harrisonburg occupied by a tenant? When you are ready to sell it, how will you go about that process? In the past, many landlords would try to…
New Homes are an Increasing Share of Total Home Sales in the Harrisonburg Area
First, some raw data... Resale Home Sales: 2017 = 1,113 2018 = 1,145 2019 = 1,157 2020 = 1,290 2021 = 1,359 So, there have been more and more resale homes selling over…
Slightly Fewer Home Sales, Much Higher Sales Prices In January 2022
Happy Snowy Monday Morning! This is my favorite kind of snow... beautiful everywhere... but not sticking to the road... I hope you stayed warm inside yesterday and that…
200 Home Buyers Paid More Than 5% Over Asking Price For Their Homes In The Past Year
Sometimes, you have to be willing to pay the price to get the house... Over the past year-ish (Feb 7, 2021 - Feb 6, 2022) there have been 1,660 home sales in Harrisonburg…