How Do Home Inspection Negotiations Usually Proceed?
A buyer agrees to pay a price for a house based on what they know about the house at that time. The home inspection process allows them to learn more about the house to…
Home Buyers Keep On Buying
You almost have to squint to see major differences between the trajectory of each of these lines over the past few years. The three lines above are showing the cumulative…
Mortgage Interest Rates Are Absurdly Low
Fortunate are the home buyers who happen to be buying right now -- and locking in super low mortgage interest rates! Over the past year, interest rates have been at an…
Home Sales and Prices Still Rising Despite Declining Contract Activity
I just published my monthly market report, which you can download as a PDF here, or read on for the highlights of what is happening these days in our local housing…
Home Buying Activity Continues To Slowly Slow, But Low Inventory Likely A Contributing Factor
The pace of buyers signing contracts to purchase homes continues to slowly slow in 2020 -- with year-to-date contract activity in 2020 now 7% lower than during the same…
Looking At The Big Picture, Financially, Of 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…
Home Buyer Activity Still Slowing, Slowly, in 2020
Are home buyers contracting to buy homes as quickly as we would have expected them to be in 2020? No. Has the pace of home buying activity dropped drastically given the…
Contract Activity Slows In April 2020 But Perhaps Mostly Because April 2019 Was A Wild Month?
Contract activity declined 27% in April 2020 -- there were 157 contracts signed last April, and only 115 signed this April. Perhaps this is not surprising given the…
YTD Home Buying Activity Slows Slightly in 2020
This is my first weekly check-in with contract activity where we're seeing a slight decline in contract activity in 2020 as compared to 2019. The data... 426 buyers…
Real Estate Closings In The Time of COVID19
Prior to a month ago, lots of people would attend each real estate closing, such as: the seller the buyer the Realtor representing the seller the Realtor representing the…
Despite Everything Going On, We Are Still Seeing Slightly, Barely, More Home Buyers in 2020
We're now about a month into dealing with the impact of COVID-19 on our lives, society, work, employment, finances, and yes, housing market. As shown above, despite…
Harrisonburg Area Housing Market Still Strong Through End Of March 2020
I'm working from home today, as is the norm for many of us these days. I hope that you and your family are in good health and good spirits as we travel through these…