Mortgage Interest Rates Drop Yet Again
Yet another ALL TIME HISTORIC LOW. How low can they go? How about 3%? Can we get there??
To rent, or to buy a Harrisonburg townhouse
In meeting with a potential buyer of a City townhouse yesterday, we found ourselves comparing the opportunities in buying versus renting. RENT = $900/m. There are…
Your mortgage dollars are going further these days
If you were qualified to buy a nice house a year ago, you can likely buy an even nicer house now! Lower interest rates will allow you to buy a more expensive house and…
When Do Homes Close in Harrisonburg?
Inspired by Jim's analysis of the timing of closings in Charlottesville, I thought I'd take a look to see how many closings typically happen on each day of the month. The…
Apartment vacancy rates (nationally) hit new 10-year low
Per Calculated Risk, REIS is reporting the lowest apartment vacancy rates in 10 years. The REIS metric is just based on large cities, but this is an overall trend being…
Six months into 2012, local housing market shows signs of steady improvement
BREAKING NEWS -- six months into 2012, home sales are up, prices are up, inventory is down, and mortgage interest rates are down! All of this spells good news for the…
30 acres of development land for sale on Boyers Road
Click the image above to see a larger version. There is a 30 acre parcel on Boyers Road currently for sale amidst quite a few popular subdivisions, and across the street…
Consider a shorter loan term when refinancing
I bet you thought rates were low on 30 year mortgages at 3.62%. How about a 15-year fixed rate mortgage at 2.89% -- now that is low! If you are refinancing your mortgage…
Price trumps all
My house is next to the railroad tracks, but buyers who turned it down didn't complain about price, they complained about the railroad tracks. My house has an…
Preliminary reports show positive trends in local housing market
PACE OF HOME SALES UP 3% Home Sales in First Half 2011: 366 Home Sales in First Half 2012: 377 (up 3%) MEDIAN SALES PRICE UP 4% Median Sales Price in First Half 2011…
Local housing inventory bucks historical trend
Summer is not quite over yet (100 degrees today, I hear) --- but the local housing market is already showing some signs of fall --- and that's a good thing! Typically our…
The second half of the headline
Here is the first half of the headline from today's Daily News Record.... (the only part that was really printed) Here is what the second half of the headline could have…