How Do 2011 Home Sales Stack Up To 2010 Home Sales?
The graph above shows the cumulative number of home sales having occurred as we moved past each of the first 83 days of this year (as compared to last year). As you can…
What can Google tell us about the real estate market?
Apparently web searchers are a bit pessimistic (or realistic?) about the real estate market.... Google auto-complete suggests completing the query "why is the real estate…
What Portion Of Homes For Sale Are Under Contract?
Contracts have been strong over the past several months, but what has been going under contract? By the numbers, the following is the break down of the properties…
Answer: Real Estate Agents, The Internet and Yard Signs
Question: What are the top three ways buyers find homes? It is amazing how quickly the internet has become such a major force in the distribution and consumption of…
Updates on Preston Lake Subdivision
If the development of Preston Lake had taken place just five years earlier, it might have been a much greater, faster, happier success story. Given its timing, however…
Big Picture Real Estate Predictions
Am I being reasonable in these predictions? Change in number of single family home sales: 2005 to 2006: -11% 2006 to 2007: -12% 2007 to 2008: -18% 2008 to 2009: -14% 2009…
Do most homes have bedrooms on the first floor?
Apparently this varies by region --- in a conversation earlier this week someone was sharing with me that in each part of the country where they had lived, it was a bit…
Why is the median price of townhomes holding steady?
It's rather puzzling. Despite fewer (and fewer) townhome buyers, prices are holding relatively steady.... One of my clients hypothesized that perhaps prices are holding…
How Far Have Home Prices Retreated?
Thank goodness we experienced huge gains in home values between 2000 and 2006, because values have been steadily retreating since that time. Harrisonburg and Rockingham…
Home Sales Down, Prices Down, Is There A Silver Lining?
Despite many negative indicators in our local housing market, there may be hope for better news in the coming months. Click here to view a PDF of my most recent market…
Home Buyers Show Up in Force in February 2011
69 properties went under contract in Harrisonburg and Rockingham County last month (February 2011) --- showing a 53% increase over last February. Moving beyond this…
Sale of North 38 Apartment Complex Sets New Valuation of Student Housing in Harrisonburg
Did you know Facebook is now estimated by some to be valued at $65,000,000,000? Yes, that's $65 BILLION dollars. How do analysts come to that number? The valuation is…