Local Home Prices Increase 32% In Five Years
The median sales price five years ago (2015) was $185,000 in Harrisonburg and Rockingham County. Last year, five years later, it was $244,900. That's a 32% increase in…
Comparing My 2020 Housing Market Predictions To Reality
As shown above, I was terribly (!!!) inaccurate in predicting how many home sales would take place in Harrisonburg and Rockingham County in 2020. We saw a 1% increase in…
Harrisonburg Area Home Sales Up 10%, Prices Up 11% Thus Far In 2020
Happy Tuesday, friends! They say it might snow tomorrow. I'm currently seeing predictions of 6 to 9 inches. What is your best guess? We haven't had a sizable snowstorm in…
Are You The Parent Of A JMU Student Looking To Buy A House For Your Son Or Daughter To Live In With Friends?
With some regularity, I'll hear from parents of JMU students who are interested in buying a house in Harrisonburg, near the JMU campus, with the intent of having their…
As A Home Seller, You Are Always Optimizing For Something
What are you optimizing for? price? time? convenience? As a home seller, you are always optimizing for something. PRICE - Maybe you are willing to wait as long as it…
Increasing Home Sales Despite Declining Inventory Levels
Fewer homes on the market means that fewer homes are selling, right? Nope, not necessarily. As you can see above, there have been an average of 38% fewer homes on the…
It Is Hard For Home Buyers To Compete If They Have A Small Downpayment Or If They Need Closing Cost Assistance
A few short years ago... If you were buying your first home and only had a small (0%, 3.5%, 5%) down payment, a seller wouldn't be too concerned about your high LTV (loan…
Make A Decision About A Home Warranty Purchase After Your Home Inspection
What is a Home Warranty? A home warranty one-year service agreement that covers the repair or replacement of many major home system components and appliances that…
Mortgage Interest Rates Will Never Be This Low Again, I Said Countless Times In Recent Years
I've been in this business for 17 years now. When I started, mortgage interest rates were right around 6%, which was amazing, given that they had been up above 8% just…
Local Home Sales, Prices Hit Record Highs In October 2020
Happy Veterans Day and an enormous thanks to all who have served our country! Also, Happy November and Happy Thanksgiving! Speaking of thankfulness, we have a lot to be…
Three Ways To Make A Contingent Offer
If you have to sell your current home in order to buy a new home - there are (at least) three ways to do that... Make an offer before your home is listed for sale. Make…
Missing Out On House After House As A Buyer
Some buyers in this market -- particularly those seeking a home under $250K -- are likely feeling like they are missing out on house after house. It is a tough time to…