Resale Home Might Be Harder To Find This Year Than Last
We saw a 14% decline in existing home sales (sales of resale homes) in 2022... Existing Home Sales in 2021 = 1,347 Existing Home Sales in 2022 = 1,159 With many…
The First Three Questions We Will Try To Answer When Meeting To Discuss Selling Your Home
So, you're planning to sell your home this spring? Perhaps we should meet to discuss! Here are the first three questions we will try to answer, together, when we meet…
Foreclosured Started To Increase Again In 2022, Sort Of...
Foreclosures in Harrisonburg and Rockingham County increased 71% in 2022. Gasp! ;-) Well, yes, technically they did... after only 14 foreclosures in 2021 there were 24 in…
Home Sales Slowed Considerably In Late 2022 But Home Prices Kept On Rising
Happy Thursday afternoon, friends! And... Happy New Year! It's hard to believe the New Year is upon us. Actually.. we're already more than halfway through January at this…
Harrisonburg Planning Commission To Consider 897 Unit Bluestone Town Center Proposal To Include 415 Apartments, 349 Townhomes, 133 Detached Homes
The City of Harrisonburg Planning Commission will hold a public hearing tomorrow, Tuesday, January 17th as they consider a proposal called Bluestone Town Center which…
A New And Improved But In 2023 (Keep Reading, Really)
OK, OK, I'm not talking about workout goals. I'm not suggesting you get a better BUTT in 2023... I'm just pointing out that some would be home sellers have a better BUT…
We Are Starting 2023 With Fewer Homes On The Market For Sale Than Anytime In The Past Decade
Yet another reason why it seems relatively unlikely that we will see home prices start to decline in this area... One main factor that could cause downward pressure on…
Maybe, Just Maybe, Buyers Might Be Able To Look At More Than One House At A Time In 2023??
The actual process of home buying has been a bit bananas for the past two years. Buyer: I want to buy a house. Me: Cool. Buyer: Let's go see a bunch later this week, K?…
Seasonality Might Be Back In Our Local Housing Market
Pre-COVID there were better times of year and worse times of year to list your house for sale in Harrisonburg and Rockingham County. The busiest buying seasons were…
What Would It Take For Home Prices To Decline In Harrisonburg And Rockingham County?
I've chatted with several homeowners in the past few weeks who have wondered whether home prices will start to decline in Harrisonburg and Rockingham County in 2023 as a…
Was Contract Activity Slower Than Expected In November And December 2022?
Were this past November and December (2022) a bit slower than expected when it came to contract activity? Did fewer buyers (and sellers) sign contracts to buy (and sell)…
My Predictions for the 2023 Real Estate Market in Harrisonburg and Rockingham County
After several years of an ever increasing number of homes selling in Harrisonburg and Rockingham County, we saw a slowdown in 2022. There were 7% fewer home sales last…