Virginia home sales perk up in May to highest level since the tax credit
Per the monthly report published by the Virginia Association of Realtors this past week, home sales across Virginia were the highest in 10 months in May -- thus the…
Housing Contracts...but is that a verb or a noun?
Today's Daily News Record is correct -- in more ways that one. The housing market has indeed contracted (verb) as home sales and prices have declined in recent months…
Location make a big difference in home value
Thanks to Tom Barnum for pointing out this interesting contrast in values.... The two houses above seem relatively similar, right? House #1 features 2,020 SF and was…
Monthly home sales: sliced, stacked, side by side
For each of the past five years, there have been fewer and fewer home sales in Harrisonburg and Rockingham County. First 1669 (2005), then 1438, then 1248, then 936, then…
Home sales pace, sales price decline in Harrisonburg and Rockingham County
I just completed my monthly analysis of the Harrisonburg and Rockingham County real estate market. Click here for a PDF of the 24-page report or read on for some…
Downtown Harrisonburg has a grocery store!
The Friendly City Food Co-op opened this week, and it is a fantastic addition to Downtown Harrisonburg! Learn a bit more with me via some excerpts from their web site…
Another perspective on pricing, negotiating and low offers
I received a low (LOW) offer on one of my listings at the end of this past week. I'll round the numbers a bit to protect the anonymity if my clients and I will suggest…
Sales Updates on Hunters Ridge Condos and Townhomes
If you believe in the mantra of buying low and selling high, now is a great time to buy a property at Hunters Ridge. A variety of factors have led to a significant…
Will Harrisonburg See a Double Dip In Home Values?
Well, it's hard to say, because we're still in the midst of the first dip.... The blue line above shows the Case-Shiller U.S. National Index Levels, which is a measure of…
What matters most to you? The national real estate market? Or the local real estate market?
Here is the national news from Saturday's Daily News Record.... And here is some local news from three weeks ago.... Quite a difference in the national story and the…
An analysis of current residential listing inventory
Click the image for an easier to read PDF....
Mortgage interest rates continue to decline in April 2011
After interest rates climbed nearly a full percentage point (4.2% to 5.0%) between October 2010 and February 2011, they have started to decline again over the past…