2010 City of Harrisonburg Real Estate Reassessment
The City of Harrisonburg has reassessed all real property as they do each year, and it appears that there wasn't a significant (overall) shift in assessments. Of the…
Don't Sell! If You Can Keep Your First Home As A Rental Property, Do It!
If you own your first home now, and are looking to move up to your next home --- I urge you to carefully examine the potential benefits (and risks) of keeping your…
Buying A Foreclosure: Before, At, After The Trustee Sale
There is often confusion about what it means to "buy a foreclosure" -- and it really all revolves around whether your potential purchase is happening before, at, or after…
November Home Sales Soar In Harrisonburg, Rockingham County
A few days ago I mentioned that I thought November sales would be strong, with likely around 65 home sales. I think I was wrong. I think we're going to see a big rise in…
Did Our Area's Median Sales Price Increase Because Bigger Homes Were Being Built And Sold?
This is another great question about the Harrisonburg and Rockingham County market! The graph below shows how the median sales price has increased over the past 10 years…
We're Seeing The Effects Of The $8,000 First Time Buyer Tax Credit In Harrisonburg, Rockingham County!
I rarely make real estate sales predictions --- mainly because in the rare occasion that I do, I'm usually wrong. More on this in a few days. That being said, I believe…
The Puzzle (To Buyers) Of A Low List Price
It can be difficult to price property as a seller, but another interesting puzzle is how a buyer should respond to a low (super-low) asking price. There are several…
Do Townhomes in Harrisonburg Hold Their Value?
This is a fascinating question, asked by a potential townhouse buyer who is concerned that townhouse values might be more volatile than single family homes because there…
It's A Tough Time To Be Pricing Real Estate As A Seller
You just can't win! The experience I'm having, on the ground, is this: If a house is priced "appropriately", given normal pricing methods of the past few years (see…
The October 2009 Harrisonburg and Rockingham County Real Estate Market Update . . . for auditory learners.
Enjoy this brief video segment discussing real estate market conditions in Harrisonburg and Rockingham County as of the close of October. What do you think? Why has our…
Has The First-Time Buyer Tax Credit Pulled More Buyers Into The Market In Harrisonburg, Rockingham County?
Warning: This analysis, though numerically and statistically based, is an abstract answer to a nearly impossible question. The question, raised today by Chad, is whether…
October 2009 Harrisonburg & Rockingham County Real Estate Market Report - Sales Steady, Prices Inch Lower
I just published my monthly market report on Harrisonburg and Rockingham County. Read on for a summary, or jump right into the report by reading it online or downloading…