Selling Your Home Will Likely Require Clearing These Three Hurdles
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…
How to Buy a Foreclosure in Harrisonburg, Rockingham County
With some regularity, I am asked by potential purchasers how they would go about buying a foreclosure. First, here is a list of upcoming foreclosure sales, but more…
30 Year Mortgage Interest Rates Starting To Rise
While we ended the year just below 4%, the average 30-year fixed mortgage interest rate has now risen to 4.15%. This is a good bit above the 12-month average of 3.98%…
Fewer and Fewer Foreclosures
Well, here's a good indicator that our local housing market continues to become healthier over time -- as shown above, the number of foreclosure sales per year has…
Aha! This is why there are not not enough homes for sale!
FYI -- yes, I now see I have a double "not" in the title of this article. No, I did not intend for that to be there, but I'll leave it there for now to see who is paying…
Understanding the Process of Buying a Home
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…
Average 30 Year Mortgage Interest Rates Still Below Four Percent
Mortgage interest rates are still below 4% -- after having spent November 2016 through May 2017 between 4% and 4.5%. Today's buyers are enjoying the opportunity to lock…
A Ruff Breakdown of Why Millennials Are Buying Homes
I'll say no real surprises here, on this analysis put together by SunTrust Mortgage of why millennials are buying homes.... A desire for more living space tops the list…
The Value of Your Home Based On When You Bought It
Can historical median sales prices give you some sense of your home's current market value? Perhaps so! The chart above is calculated based on comparing the 2017 median…
Should you buy or rent a townhouse in Harrisonburg?
Given continued low interest rates and some increase in home values, let's take a new look at the opportunities of buying versus renting. RENT = $1050/m. There are…
Fear Not, Mortgage Interest Rates Sticking Close to Four Percent
Another month -- and still no meaningful changes in the 30 year mortgage interest rate. Since the beginning of the year, these rates have slowly edged downward, and have…
30 Year Mortgage Interest Rates Comfortably Below Four Percent
Anyone who thought mortgage interest rates were above 4% for good -- and perhaps climbing up to 4.5% or 5% -- seems to have been WRONG! I certainly thought we were headed…