You're largely on your own in finding a rental property
I help people to buy houses and sell houses all day long. When it comes to helping people find a property to lease, it's harder for me to help, for these reasons…
Nationally, sales are up, inventory down per NAR, Calculated Risk
Just as we have seen over the past 6 to 12 months in Harrisonburg and Rockingham County as well as in Virginia, home sales are increasing and inventory levels are…
Overall Virginia housing market continues to gain strength
From the Virginia Association of Realtors this morning.... Home sales (# of sales) and median prices are both up across Virginia! Click the image below to download the…
Demand grows for new homes
A new foundation (pictured above) is going in at The Glen at Cross Keys as a result of growing local demand for new homes. Photo by Carey Keyes. Along with Carey Keyes…
JMU (slightly) boosts first year student count, continuing steady growth trajectory
After several years in a row of relatively similar sized classes of first year students at JMU, the first year headcount will jump up a bit this coming year, as shown…
Don't get distracted by YTD average days on market
Some sellers might despair when they see that the average days on market for homes sold thus far in 2012 is a whopping 229 days. Wow! But wait.... Don't despair yet…
Housing recovery more evident in lower price ranges
The graph above shows the average number of home sales per month (in each of four price ranges) when evaluating a 12-month time period. For example, the last data point…
Evaluating a low offer as a seller
Let's suppose you have a house listed for sale for $300K. But keep in mind that you just lowered it to $300K from it's previous price of $309K. How would you respond to…
True Story: Bidding wars after lengthy time on market
Timing is everything when it comes to real estate. For example, 2006 was not the best time to buy, and 2011 was not the best time to sell. But moving beyond those obvious…
Good news round up
Mortgage rates hit all-time low again: 3.83% on 30-year fixed rate. WSJ: Home prices rise in most of United States. NAHB: Harrisonburg added to list of improving markets…
Low mortgage interest rates offer unique opportunities
At some point, we will look back at early 2012 and marvel at how inexpensive money was at the time. After all, for over six months now, mortgage interest rates have…
Harrisonburg, Rockingham County housing market continues to gradually improve with home sales up 2%, prices up 4%
Many aspects of the local housing market have improved over the past year, and there are signs that this gradual recovery will continue. As shown above, most market…