Harrisonburg Foreclosure: 1143 Sumter Ct ($36K)
Property CharacteristicsFinished SF1,767Circa1982Bedrooms3Bathrooms2Lot Size0.261 acres PricingAssessment$209,900 (2008)Original Amount of Deed of Trust$174,000…
Wall Street Journal: "The Housing Crisis Is Over"
Yesterday (May 6, 2008), the Wall Street Journal ran an opinion piece entited "The Housing Crisis Is Over" --- as you can imagine, I was a bit surprised to see the…
"The Recession That Never Was is Now Over" -- Briefing.com
Thanks to a client of mine for pointing me to this great economic commentary entitled "The Recession That Never Was is Now Over" from Briefing.com. Some interesting…
Harrisonburg Multi-Family Cap Rates
Multi-family properties often provide different cap rates than single properties. Let's take a look at some recent multi-family sales in Harrisonburg . . . 1710 Park…
Harrisonburg Single-Property Cap Rates
Cap rates vary over time, as market conditions change. Here is a brief analysis of current cap rates for single properties in the Harrisonburg area as of May 2008. 1337…
What Is A "Cap Rate"?
The "cap rate" or capitalization rate of a property is what I call an an "investment measure." It is a value that compares the income generated with the acquisition cost…
What Is The Big Economic News in Page County??
I received this letter today. Does anyone have any insight into Thursday's announcement?
New Harrisonburg Townhomes -- Quite The Upgrades!
For the past seven years, Coldwell Banker Funkhouser Realtors (the company where I work) has represented the builder/developer of Beacon Hill Townes. Up until the most…
Foreclosure: 1775 Parklawn Drive, Harrisonburg ($79K)
Property CharacteristicsFinished SF1,626Circa2006Bedrooms3Bathrooms2Lot Size0.278 acres PricingAssessment$252,400 (2008)Original Amount of Deed of Trust$173,245.50…
Foreclosure: 304 Ridgewood Ave, Broadway ($42K)
Property CharacteristicsFinished SF1,292Circa1993Bedrooms2Bathrooms1.5Lot Size0.046 acres PricingAssessment$104,500Original Amount of Deed of Trust$65,000…
The Effectivness (?) Of Open Houses
I am having an open house today (May 4, 2008, 1:00-3:00) for one of the properties that I am marketing, a 5-bedroom, 3.5 bath colonial with 3,796 SF priced at $469,000…
Is Growth Good Or Evil?
Well, perhaps we don't have to narrow it down with such extreme labels, but there has been some interesting debate over the subject over at hburgnews.com, all of which…