Home Sales Slow, Prices Pop, Contracts Climb
Find out about this beautiful home at Preston Lake: 3168PrestonLakeBoulevard.com. I just published my most recent monthly market report, and as usual, you can read on for…
Mortgage Interest Rates Edge Back Down, A Bit
Mortgage interest rates have steadily climbed over the past nine months -- from 3.78% last September to 4.66% about two weeks ago. Now, however, they have drifted back…
FOMO (Fear Of Missing Out) in Real Estate is Real and Reasonable
OK -- I'll bend the definition of FOMO a bit to make a point. The "real" definition -- "anxiety that an exciting or interesting event may currently be happening…
In The Real Estate World, It Is Almost Time For Kids To Go Back To School
Yes, I know, I know, the school year hasn't even ended yet. So why am I already thinking about when school aged kids are going to be going BACK to school in the Fall!?!…
Buyers Buying Faster This May Than Last
In the past 12 months there have been 1274 home sales -- compared to 1324 in the 12 months prior -- so, technically, the pace of home sales in our market has slowed by 4%…
Home Prices Edge Upward As Demand Exceeds Supply
Find out about this newly listed custom home: 2550RamblewoodRoad.com. I just published my most recent monthly market report, and as usual, you can read on for an…
Where Will Recent JMU Graduates, Staying In Harrisonburg, Buy Houses?
It's a numbers games, folks.... Some percentage of each graduating class at JMU (and EMU, and Bridgewater College) will decide they want to stay in Harrisonburg and make…
Is $250K The Sweet Spot of our Local Housing Market?
As Hannah observed out this morning (thanks Hannah!) the $250K price point seems to be the sweet spot for our market. As a random aside, while I use the expression "sweet…
Understanding the Total Financial Impact of Selling AND Buying a Home
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…
What Does a Realtor Do in Representing a Buyer?
If you are purchasing a home, before you call the listing agent to see that home, you should understand a bit more about buyer representation. In representing you as a…
Hey Builders, Harrisonburg is an Increasingly Popular Place to Live, Keep Up, Please!
OK -- no numbers today. Just a few thoughts that have been coming up in conversation after conversation over the past year. Inventory levels (the number of houses for…
Should You Be Dejected If Your House Does Not Sell In One Week?
Should You Be Dejected If Your House Does Not Sell In One Week? It depends. For example -- in the City of Harrisonburg, 26% of homes that have sold thus far in 2018 have…