Price Reductions Will Likely Make Lots Of Sense To Some Home Sellers
Fictional Seller Sally bought her home about eight years ago for $190K. Three years ago, Sally realized her home was worth $240K and was pretty happy about that. Last…
If You Will Be Buying A Home In The Next Year, Sooner Might Be Better Than Later
Home prices have increased quite a bit over the past few years. Clearly, that's a bit of an understatement. ;-) Mortgage interest rates have increased drastically…
Harrisonburg Area Home Sales Slowing Slightly But Prices Keep Rising
Happy Thursday afternoon, friends! Fall is upon us... with cool mornings and evenings, but often still reaching pleasant afternoon temperatures... and beautiful colors on…
Should You List Your Home Now Or Wait Until Spring?
Now or Later? Now! :-) I mean... don't get all panicky about it... but I would definitely recommend listing your home now, rather than waiting until the spring…
Well, I Suppose This Was One Way To Revive The Market For Future Mortgage Refinances?
Sorry. Bad joke. Probably too soon. Mortgage interest rates have risen even further this week... with the current average rate on a 30 year mortgage now at 6.7%. One year…
Does Building College Student Housing In Harrisonburg Impact City Schools?
At first glance, the answer to this question seems obvious... If more college student housing is built in Harrisonburg, those college students are very unlikely to have…
Will A 6% Mortgage Interest Rate Seem High After A Year Of 6% Rates?
Many (though not all) home buyers in the market today have been shopping for homes for the past three, six or 12 months. As such, when they encounter today's mortgage…
As You Might Imagine, It Is Still A Pretty Swell Time To Sell A House
Lots of homes are still selling, relatively quickly, at high prices. Yes, mortgage interest rates are higher, which limits the housing budget for some buyers, but thus…
I Was Going To Upgrade To A Larger Home Until I Saw That Larger Mortgage Payment!?!
In more than a few conversations over the past week I have been chatting with friends and past clients who have shared that they had been recently toying with the idea of…
The Second Best Way To Know If Your House Will REALLY Sell For THAT Much!?!
Home values have increased QUITE a bit over the past few years. The median sales price this year is 36% higher than it was three years ago in Harrisonburg and Rockingham…
The Value Of The Smallest House In The Neighborhood
How much should you be willing to pay for the smallest house in a neighborhood? Especially if it is a good bit smaller than all the other houses in the neighborhood?…
Another Visual Of A Slightly Slowing Pace Of Home Sales
I usually look at the pace of home sales each month, which shows quite a movement up and down as some months are surprisingly slow and some are surprisingly active. I…