Who Is Winning In The Local Real Estate Market?
Sellers are winning - rather universally. Every market metric works in their favor. Hooray if you get to be a seller in the current market! Buyers are losing - in all but…
Perhaps The $225K Median Sales Price Is More Sustainable This Time
The median sales price of detached homes (single family homes) cleared $225K in 2018! Oh, but wait, this happened before, didn't it? Yes, actually, we saw a median sales…
30 Year Fixed Mortgage Rates Dropped Half Percentage Over Past Two Months
Mortgage interest rates have, indeed, steadily declined over the past two months -- from 4.94% down to 4.45%. That is a half of a percentage point, which is a large…
Harrisonburg Year End Housing Market Report Shows Increases in Sales and Prices
Happy Cold and Snowy January - and Happy New Year! Before we look back at a summary of our local real estate market in 2018, take a few minutes to explore the featured…
My Predictions for the 2019 Real Estate Market
As is my annual tradition, I am making some predictions about what we'll see in the Harrisonburg and Rockingham County real estate market in 2019. As you'll note above, I…
Buying A Home Is, Unfortunately, Not As Simple As Buying Now With One Click
Purchasing a home can be fun, exciting, thrilling, and fulfilling....but that very same process can also have its moments of being hard, frustrating, disappointing and…
Some Perspective on Changes in Mortgage Interest Rates
In some ways, my alarm bells are going off! The mortgage interest rate a year ago was 3.9% -- and now it is 4.81%. Thus, rates have increased 23% in a single year! It is…
Despite Slower November, Home Sales Still Stronger Than Last Year
Before we dive into this month's market report, check out this featured home by visiting 819GreenbriarDrive.com. Now, on to our local real estate market -- I just…
The Impact Of Higher Mortgage Interest Rates
One year ago, the average 30-year fixed mortgage interest rate was 3.94%. Today, that same average rate is 4.81%. Does this rise in mortgage interest rates impact buyers?…
Mortgage Interest Rates At Highest Point in Eight Years
Mortgage interest rates keep on rising. The current average rate for a 30 year mortgage is 4.81%. These two statement are equally true... 1. Current mortgage interest…
Foreclosures Slow Considerably in 2018
Fewer and fewer homeowners are finding themselves in a situation where they are being foreclosed on in Harrisonburg and Rockingham County. The data above reflects the…
Home Sales Rise Yet Again In October 2018
Before we dive into this month's market report, check out this featured home in Highland Park by visiting 4350BrownRoanLane.com. Now, on to our local real estate market…