Local market insight since 2007
Back in 2000, homes sold at an average of 97.4% of the list price --- now, they sell for an average of 94.7% of the list price. That's not actually much of a shift…
While rates could still swing back upward, thus far rates have just continued to decline after the downgrade of the United States' credit rating. Source: Freddie Mac
There are lots of positive trends in the local housing market right now! Home sales are on the rise (July over July) Contracts are on the rise (July over July and year…
It is exciting to see how quickly contracts are coming together on homes in Harrisonburg and Rockingham County compared to the past several years. At the rate that…
Finally, some signs of hope for the local housing market! I just completed my monthly analysis of the Harrisonburg and Rockingham County real estate market, and there are…
I was in Virginia Beach for a few days last week, and the house where we stayed (pictured above) is currently listed for sale. The price (near $1M) seemed high, but it is…
OK, so admittedly it is a bit cooler this week --- but last week was HOT, with temperatures soaring up to (and over) 100 degrees! Likewise, the local real estate market…
The price of bread has increased 272% over the past 22 years. Likewise, the price of gas has increased dramatically (299%) -- and even the cost of cars has increased 85%…
The Virginia Association of Realtors has released their 2nd Quarter report providing a great overview of the housing market in Virginia, including (amongst lots of other…
Virginia Sets Example for Cash-strapped States "Gov. Bob McDonnell announced that Virginia ended the fiscal year with a $311 million surplus yesterday. And for the second…
After showing a house to some buyer clients yesterday, we were reflecting on the fact that there don't seem to be too many options on the market in the price range that…
A 20 year history of single family home building permits in Harrisonburg and Rockingham County (shown above) reveals that much of the new home construction is market…
A free, local read in your inbox each weekday.
