Mortgage Rates in Perspective and 5% to 7% as a Potential New Normal
The average 30 year mortgage interest rate has been above 6% for the past three years (2022-2025) and sometimes we think of that in the context of mortgage interest rates…
Inventory Levels Tick Up in Harrisonburg and Rockingham County, but Not Dramatically
Inventory levels (the number of homes for sale) have risen over the past several months in Harrisonburg and Rockingham County... December 2024 = 138 January 2025 = 140…
How Many Homes Are Selling Over The Asking Price These Days?
I ran the numbers on this a few months ago but it's worth another look... and this time I stretched back even further to build a broader context. Before Covid, before…
When Do Most Buyers Go Under Contract to Buy Homes?
In which month do the most homes go under contract in Harrisonburg and Rockingham County? #1 - May #2 - March (just barely behind May) #3 - April So, we're just about…
89 Affordable Housing Units Planned for Former Rosetta Stone Building in Downtown Harrisonburg
Way back in May 2023 the former Rosetta Stone building in downtown Harrisonburg (all 47,860 SF of it) sold for $2,950,000... complete with 27 on-site parking spots. Now…
Looking for a City Townhouse? Now Might Be Your Moment!
There have been quite a few City resale townhomes listed for sale over the past month... but before we get there, let's build a bit of context... When looking at City…
It's Great to Look at Houses Before You're Totally Ready to Buy
If your lease doesn't end for another six months, you might think it's too soon to start looking at homes. In many cases, however, starting your search early can actually…
The Strongest Offers Usually Come in the First Week on the Market
When we're getting ready to list your home for sale, you might to start wondering how quickly it will sell - and for how much. One of the most important things to keep in…
40 Unit Housing Development Approved On Erickson Avenue
City Council recently approved a special use permit to allow for 40 apartments to be built on 1.93 acres on Erickson Avenue... adjacent(ish) to the Walmart Super Center…
Have You Considered Keeping Your Home as a Rental Property?
If you are getting ready to move, you might be focused on preparing to sell your current home - but there's another option worth considering... keeping it as a rental…
What Improvements Will You Make Before Selling?
There isn't really a one size fits all strategy that we can use to answer this question. As is often the case, it depends... Here are some of the perspectives we will be…
Will It Be More Affordable to Buy a Home in Harrisonburg in 1, 3, or 5 Years?
The cost of buying a home has increased quite a bit over the past five years due to several main factors... 1. Higher home prices. :-) 2. Higher mortgage interest rates…