We need mid sized detached homes, and lots of them, soon!
Between 2000 and 2012, three centrally located townhouse developments were built in Harrisonburg: Avalon Woods = 141 townhouses (circa 2001-2005) Beacon Hill = 253…
Housing Inventory Shortages in City of Harrisonburg Should Not Be Surprising
If only we could have seen this coming. :-) Just kidding -- we have seen it coming. Knowing it was coming, though, didn't seem to inspire any actions to change the…
Who cares if home sales are slowing down
The pace of home sales is down 5% this year as compared to last year. But here's an interesting perspective offered up by one of my clients.... Who cares if home sales…
Low Inventory Levels Lead to Slowing Home Sales in September 2017
Find out more about this beautiful Barrington home shown above here. I just published my most recent monthly market report, and as usual, you can read on for an overview…
Is It Too Late In The Year To List Your Home For Sale?
I believe this question is best answered by evaluating when buyers make an actual buying decision -- which is when they sign a contract. The data above shows when buyers…
A Ruff Breakdown of Why Millennials Are Buying Homes
I'll say no real surprises here, on this analysis put together by SunTrust Mortgage of why millennials are buying homes.... A desire for more living space tops the list…
Chickens and Eggs when Selling and Buying
That age old question -- which came first, the chicken or the egg -- applies to our local real estate market more than ever this year. There will always be folks, perhaps…
Has the Market Slowed Down in September?
It seems it may have.... As shown above, only 69 properties have gone under contract thus far in September 2017 -- as compared to 113 last month. Of note.... It's only…
Are $150K - $250K Detached Homes Available in the City of Harrisonburg?
HINT -- this is a bit of a trick question. Again.... Are $150K - $250K Detached Homes Available in the City of Harrisonburg? Ignore the graph above for a moment -- and…
Housing Market Slows (but prices rise) in August 2017
Find out more about the home shown above, with detached garage and apartment, here. As Geoffrey Chaucer put it - "all good things must come to an end" -- and August 2017…
Should you buy or rent a townhouse in Harrisonburg?
Given continued low interest rates and some increase in home values, let's take a new look at the opportunities of buying versus renting. RENT = $1050/m. There are…
Fall is not the absolute worst time to sell your home
Fall is, however, the second-worst time of the year to sell your home. :) The data above reflects the timeframe during which properties went UNDER CONTRACT -- not when…