Real Estate Has Seemed Like An Abnormally Liquid Asset Over The Past Few Years
What is a liquid asset? Per Investopedia... "A liquid asset is an asset that can easily be converted into cash in a short amount of time." ...and further... "Liquid…
Yes, More Houses Will Come On The Market For Sale In The Spring. Yes, More Buyers Will Be Competing For Them.
It's a common question at this time of year... Will more houses come on the market in the spring? There don't seem to be many options at all right now. Great news…
Should Home Sellers Expect Offers With Home Sale Contingencies?
You're getting ready to list your home for sale. You aren't desperate to sell, and you don't need a lightning fast sale... but you want things to move along at a steady…
Home Sales Still Slowing, Home Prices Still Rising, In Harrisonburg, Rockingham County
Happy Friday morning, friends! We're about halfway through February, so it's time to take a moment to look back and see what we can learn about our local real estate…
Sometimes Housing Inventory Levels Are Not A Good Indication Of Housing Availability
Reflect with me for a moment on the definition of a paradox... paradox - a seemingly absurd or self-contradictory statement or proposition that when investigated or…
Now Could Be An Ideal Time To Sell A Residential Rental Property!
If you own a rental property in the City of Harrisonburg or in Rockingham County, perhaps a townhouse or duplex or small single-family home, this could be an ideal time…
Are Home Prices Cooling? Move Beyond The Headlines To Be Sure!
Many news outlets (typically national news outlets, not local news outlets) are running stories with headlines referencing cooling home prices. Are home prices cooling?…
Inventory Levels Largely Unchanged From Two Years Ago
How have inventory levels changed over the past two years in Harrisonburg and Rockingham County? Some might assume there have been fewer (and fewer and fewer) homes on…
This Is Completely Anecdotal, But Showing Activity Seems To Be Trending Upwards Again
Clearly, showing activity (the number of showings on any listing) will vary from property to property, based on... - price range - property type - location - how…
What Is An Affordable Home Purchase For A First Year Teacher?
Q: What Is An Affordable Home Purchase For A First Year Teacher? A: Technically, $161K, but maybe more? Let's look at the numbers... It seems a first year teacher in the…
An Early Look At January 2023 Home Buying Activity
Contract activity slowed considerably in the fourth quarter of 2022 compared to the fourth quarter of 2021... Oct- Dec 2021 = 383 contracts signed Oct - Dec 2022 = 230…
We Will Likely Have More Clarity On The Pulse Of The Local Housing Market By April
Home sales have been slower in November, December and January. This is somewhat normal from a historical perspective - winter months are normally slower. They haven't…