October 2008 Harrisonburg & Rockingham County Real Estate Market Update
The October 2008 Harrisonburg & Rockingham County Real Estate Market Report is now available. Click here for a printable PDF of this report. Sales continue to be slow…
Making sense of turbulent economic times
It can be terrifying to watch the business news these days… Bear Stearns hedge fund collapses. Countrywide is acquired by Bank of America just prior to collapse. The U.S…
September 2008 Harrisonburg & Rockingham County Real Estate Market Update
The September 2008 Harrisonburg & Rockingham County Real Estate Market Report is now available. Click here for a printable PDF of this report. When comparing September…
Rockingham County single family home building activity slows
This is probably no surprise, but the number of single family homes being built each year has diminished for the past few years. The graph below shows the number of…
Harrisonburg & Rockingham County July 2008 Real Estate Report
While the pace of home sales continues to be low compared to 2007, home prices continue to increase at a modest rate. Both median and average home sales prices in July…
Housing supply remains steady in Harrisonburg and Rockingham County (except those high-priced homes!)
This past week, I overheard someone at the grocery story telling their friend "Can you believe how many homes are coming on the market? I don't know when they'll all…
"Price Reduced" - Are Most Asking Prices Headed Down?
Driving around town, you might see quite a few "Price Reduced" riders on real estate signs. Have you ever wondered whether most sellers are holding fast, or reducing…
Housing Supply Trends - June 2008
Housing supply keeps increasing, in all price ranges. "Housing supply" is measured by dividing the current inventory by the average number of home sales per month over…
Change Is Here . . . We Must Adapt!
There are quite a few local and national changes occurring right now that greatly affect buyers and sellers. Let’s contemplate how we must prepare and adjust. Slower Home…
Buy A Home, While Supplies Last!
OK --- perhaps that wasn't the most fitting title --- supply continues to be very high in several price ranges in Harrisonburg and Rockingham County. The graphic above is…
Housing Supply in Harrisonburg and Rockingham County
Here is a fresh look at inventory levels for Harrisonburg and Rockingham County --- looking at all single family homes and townhomes. This is a similar analysis as I have…
In Theory, Construction Is Booming!
Are builders gearing up? (Daily News Record) Yes, and no! Read on... Building Permits Issued Per Year: YearHarrisonburg Rockingham County2007 748 558 2006 219 673 2005…