Happy Mortgage Interest Rate News As Average Rate Falls Below 5% Again
Mortgage interest rates have been steadily climbing for most of the past six months -- peaking at 5.81%. But... in a bit of good news for buyers in today's housing…
If You Can Buy A Home Without Selling, Get Your Ducks In A Row Sooner Rather Than Later
It's hard to get a home seller to consider a home sale contingency these days. The market is still moving quite briskly, so why would a seller tie up their home in a…
Home Inspections Are Likely To Become A Thing Again, And They Should
Over the past two years I have told countless home sellers something along the following lines as they have made final preparations to sell their home... "That recent…
Inventory Levels Creeping Slowly Upward, To Higher Low Levels
Inventory levels - the number of homes for sale at any given time - have been creeping upward for the past 6+ months. With 163 homes for sale, we are now seeing more…
There Will Come A Time When Homes Will Not Sell Instantly, And That Is OK
Over the past year, the median "days on market" has been five days in Harrisonburg and Rockingham County. That means that half of homes that sell are under contract in…
Do Inventory Levels Rise (and fall) With Mortgage Interest Rates?
Q: Do Inventory Levels Rise (and fall) With Mortgage Interest Rates? A: Sometimes Interest rates are on the rise right now... and inventory levels are rising as well…
The Local Real Estate Market Is Constantly Changing
Over the past two years as home sales and home prices have rapidly accelerated upwards, we couldn't assume anything about pricing... We know - your neighbor's identical…
Last Call For Sellers Hoping To Sell To Buyers Hoping To Move Before School Starts
I don't want to mention... the school year... but... it's coming, sooner than we realize. :-) With the start to school only 40-ish days away (depending the school system)…
Price Your Home Reasonably And You Will Receive Reasonable Offers
Now more than ever, appropriate pricing is the key to a successful sale of your home. TOO HIGH... If an identical home sold a month ago for $325K... we shouldn't price…
The Harrisonburg Housing Market Keeps Defying Expectations
After A Worldwide Pandemic... More and more home sales Higher and higher sales prices Faster and faster market pace After Mortgage Interest Rates Almost Doubled... Sales…
Harrisonburg Housing Market Still Speeding Right Along
Happy Tuesday morning, friends! The starting and ending point of summer likely varies for many of us, but it seems like we're somewhere around the middle of summer. Gasp!…
But Officer, I Just Slowed Down!?!
So, you're cruising along on Interstate 81 (somehow not stuck in traffic) in a 70 MPH speed zone.... ...but, you're going 115 MPH. Wow! But then, you slow down a bit, to…