Local unemployment levels continue to decline
This is one metric that we like to see declining.....
Perhaps we will be down to 3.5% on a 30-year fixed rate mortgage soon?
If this trend continues.... A new record was set yesterday, with an average rate of 3.67% for a 30-year fixed rate mortgage. Wow!
Bing, Bang, Boom. Three quick sales at Founders Way Condos, new building coming Fall 2012
As referenced a few weeks ago, demand is growing for new homes --- and it has been a busy (past) month at Founders Way Condominiums, with three condos selling -- leaving…
Don't forget these costs when considering a modular home
After my ramblings last week about modular homes, I had a helpful conversation with Jim Herr, a local building contractor, who shared this perspective on modular…
Buying a house is not for everyone, but it's becoming more and more favorable compared to renting!
From the Reuter's blog: Let's go buy a house!
Just like the housing market, the employment situation is more favorable locally than nationally
The national headline (and excerpt) from the Daily News Record over the weekend.... The local headline (and excerpt) from last week's Daily News Record.... Just as with…
Are sellers accepting home sale contingencies?
Plenty of houses are going under contract, but are sellers accepting home sale contingencies? Based on the analysis above, it would seem that they are not (in almost all…
Is the housing market "well" yet?
The front page of today's Daily News Record might make you wonder whether our local housing market has taken a turn for the worse. Do note, however, that today's article…
Understanding Real Estate Assessments
As published yesterday in the Shenandoah Valley Business Journal. Scroll beyond the article for two helpful infographics. Many people believe the assessment of their…
Are modular homes common in our local market?
Before we get to the presence of modular homes in our local market, let's review some terminology.... According to Wikipedia, a stick-built structure is "one constructed…
Oops, sorry, that's already under contract
I've been hearing that a lot lately..... Contracts are on the rise --- and more and more of the competitively priced listings are selling, and selling relatively quickly…
Property values increasing in Hunters Ridge?
Is it possible that values at Hunters Ridge have bottomed out and are on the rise? Don't read into the upswing too much, as there is only one data point for each property…