Local Home Sales Stable, Prices Rising in First Five Months of 2019
We're nearly halfway through the year and 2019 is shaping up to be a strong year of home sales, very similar to last year. But before we dive into the data, here are a…
Crunching the Numbers on Both Selling AND Buying a House
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you'll sell for your closing costs when selling your mortgage payoff…
Summer Home Buyers Will Love These Low Mortgage Interest Rates
Interest rates climbed nearly all the way to 5% this past Fall -- and over the past year have been at an average of 4.5%. But since the first of the year, mortgage…
Monthly Housing Costs Actually Decline, A Bit
The monthly cost of a mortgage on a median priced house has actually declined a bit this year! For this analysis, I am measuring "monthly housing cost" by determining the…
Home Sales and Contracts Surge in April 2019
After a somewhat slow start to 2019, the local real estate market has now picked up speed in April! But before we start looking at the data, two quick links for you…
Sales Slow, Prices Plateau, Contracts Console in First Quarter 2019
Just like that - the year is already more than 25% behind us. Looking back over home sales activity during the first quarter we find a mixed bag of market indicators…
There Are PLENTY Of Buyers In Our Local Market, Ready To Buy
On one of my recent listings we received three offers within the first week. On another, we -- again -- received three offers within the first week. And on a third, we…
Needing vs Wanting A Home Sale Contingency
If you're looking to buy a house this Spring or Summer -- but -- you own your current home -- this morning's ramblings are for you... Selling (for some houses, in some…
Home Sales Slow In February But Contract Activity Increasing
Happy Spring! Yesterday's warm sunny afternoon was a welcome reprieve from our recent frigid temperatures - and it looks like we'll have continued warm-ish (or at least…
Three Main Obstacles Between Contract and Closing
While every home sale is different -- with unique contingencies based on the needs and situations of the buyer and seller -- there are three main hurdles that most buyers…
Mortgage Interest Rates Are Falling, Falling, Falling
larger version In what can only be described as good news for home buyers -- mortgage interest rates keep declining! In November 2017 interest rates had climbed to 4.94%…
Selling A Property Occupied By A Tenant
Do you own a property in Harrisonburg occupied by a tenant? When you are ready to sell it, how will you go about that process? Will you list the property for sale while…