Local market insight since 2007
THE NEW TAX CREDIT IS COMING, THE NEW TAX CREDIT IS COMING! The House has passed the bill, as has the Senate, and the President may sign it as soon as tomorrow (November…
Earlier this week I attended an educational session put on by the Virginia Association of Realtors in regards to Short Sales which was very informative! I am currently…
Almost a year ago I mentioned that a new road connecting Erickson Avenue to Stone Spring Road was moving forward. Construction is now moving forward, with lots of…
Each month I publish a real estate market report for Harrisonburg and Rockingham County, which includes this graph: Overly simplified, you'll notice in this graph that…
My hypothesis was that smaller homes were performing better in Harrisonburg and Rockingham County than the market at large. After all, there is a significantly greater…
Can we predict home sales by examining the number of properties viewed on the network of Coldwell Banker Funkhouser Realtors web sites? Possibly.... Above you'll see a…
As referenced yesterday, we're seeing quite a few price changes --- nearly 700 so far in 2009 --- so let's examine why they are happening, and whether they are necessary…
Sort of....but maybe not effectively?? The chart below shows the number of price changes per year of homes that have sold for each of the past nine years. Some houses…
Many (many, many, many) townhouses were built in Harrisonburg between 2002 and 2007. They are still being built, but not at the same pace. The principal reason for this…
The exterior of your home could be built with so many different materials, for example: stucco, stone, wood, brick, aluminum, concrete, steel and fiber cement. That last…
If you are making any additions, improvements or repairs to your home you must pull a building permit, and if it involves electrical or plumbing work you'll also need to…
For the past three years (2006, 2007, 2008) we have seen a decline in the number of home sales in the 3rd Quarter (July, August, September) as compared to the 2nd Quarter…
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