Monthly Housing Cost for Median Priced Home Climbs Further in 2019
As should come as no surprise, the monthly cost of housing is increasing -- and has been increasing more quickly over the past several years (2018, 2019) as compared to…
Home Sales Solid, Contracts Strong, in November 2019
Happy December, friends! The end of the year is approaching, so let's take one last partial-year look at our local housing market before we have a full twelve months of…
Home Sales Steady, Prices Slowly Rising in Harrisonburg, Rockingham County
Despite rapidly declining temperatures (15 degrees last night!?) the local housing market is still rather hot! Read on for an overview of the latest market trends in…
Spend How Much You Want To Spend On A Home, Not Necessarily How Much You Can
Most folks who buy a home this year will not be paying cash. An important early stage of the home buying process is to talk to a lender to become pre-approved for a…
Home Sales Stable, Median Prices Slowly Rising in Harrisonburg, Rockingham County
Summer might not officially end for another six days, but today has certainly has been a nice taste of the cool Autumn days to come. That said, even if the temperatures…
When To Actually Apply For A Mortgage When Buying A Home
Here are the three sequences I see buyers follow most frequently.... As Late As Possible Guess at what you can buy using online mortgage calculators. Start viewing…
Fewer and Fewer Foreclosures in Harrisonburg, Rockingham County
Here's a reminder of what is a good indicator that our local housing market continues to get healthier over time -- as shown above, the number of foreclosure sales per…
High Temps, But Low Mortgage Rates Throughout Summer 2019
Mortgage interest rates kept dropping lower - and lower - and lower all summer long! The current average rate for a 30 year fixed rate mortgage is only 3.55%, well below…
Should You Rent or Buy With a 2, 3 or 5 Year Time Frame?
Should You Rent or Buy With a 2, 3 or 5 Year Time Frame? Looking at two different price points for townhouses ($175K, $225K) a quick analysis would indicate that... $175K…
Building A Budget When Buying A Home
Several buyers have recently asked me about how to determine how much they can and should spend on a home purchase. Those are actually answered differently... CAN -- How…
Summer Is Fading Away. Home Sales Are Not.
Summer is here! Oh wait, summer is gone!? Once that first week of August hits, it seems it's almost time for school to start again. Where did the summer go!?! While I…
Home Sales Slow, Prices Inch Higher In First Half of 2019
It's hard to believe, but half the year has already flown past! Let's take a few minutes to review some recent trends in the local housing market -- but first... Find out…