Real Estate Market Tidbits (good & bad)
As a brief variation from my typical long and detailed analysis, here are two quick market observations... BAD: Only 11 residential properties sold in the entire month of…
$8,000 downpayment assistance for first-time buyers
We've all (hopefully) heard of the $8,000 tax credit for first time home buyers --- if you haven't owned a home in the past three years you can receive $8,000 if you buy…
Urban Exchange: 51 days until move-in!
Construction at Urban Exchange is flying along quickly! In a mere 51 days, the first residents will be moving into these beautiful new condos in downtown Harrisonburg…
April 2009 Harrisonburg & Rockingham County Real Estate Market Report
Read on for a full review of the state of the Harrisonburg and Rockingham County residential real estate market. Or....download the full report: April 2009 Harrisonburg &…
I'm telling you, homes are significantly over valued in Harrisonburg and Rockingham County!
Some of you think this, don't you? For the past month I have been discussing this topic (via e-mail) with a statistician at JMU, and it has been a very helpful dialogue…
How to determine the value of your home
When preparing to sell your house, bear in mind that the value of your house is not (necessarily): what you paid for it plus X% appreciation per year what you paid for it…
Land sales slowing (more slowly) over an acre
A few days ago I mentioned that lot sales in Harrisonburg and Rockingham County (of less than an acre) have slowed dramatically. In fact, the rate of such lots sales has…
Why do I use floor plans to market a house for sale?
As I've mentioned before, sometimes I wonder whether flyers are good or evil. Having concluded, at least for the time being, that they are good --- I do take some extra…
Lot sales are still "in the gutter"
As I expressed some time ago, my hope for the 2009 Harrisonburg and Rockingham County real estate market is that we would see the end of the ever-decreasing number of…
Under contract in a week??
The home pictured below, located at 115 West College Street in Bridgewater came on the market about two weeks ago. Within a week we had 9 showings and 2 offers, one of…
Current interest rates are incredibly low!
Interest rates for a typical 30-year loan have never been better --- since they started being recorded in 1970. They're hovering just below 5% right now --- could they go…
How long will it take my Harrisonburg home to sell?
One of the most difficult questions to answer in our current real estate market is how long it will take for a home to sell. The data below will start to shed some light…