How Should The Square Footage Of Your Home Be Measured?
So -- are you trying to figure out the square footage of your home? Here are a few methods that are not certain to give you the correct answer.... Check the tax records…
Housing Inventory Levels Seem To Be Slowly Rising, With One Third Of Them Being New Homes
There are almost 150 homes for sale now in Harrisonburg and Rockingham County... we're at 147 at the moment... and this would be the first time since late 2020 that there…
If You Expected The Local Housing Market To Slow Down Drastically, This Probably Is Not What You Meant
Two years ago the "median days on market" was 15 days in Harrisonburg and Rockingham County. By a year ago, it had dropped to a median of six days on the market. Given…
Do You Own A Rental Property? Perhaps You Should Sell It? Pretty Please!?
If you own a rental property in the City of Harrisonburg or in Rockingham County, perhaps a townhouse or duplex or small single-family home, are you potentially…
Monthly Cost Of Median Priced Home Jumps Much Higher In 2022!
Wow. The monthly cost of a median priced home has jumped quite a bit in 2022! This is related to a variety of changes between 2021 and 2022... [1] The median sales price…
Are We Seeing A Big Slow Down In Home Sales Activity Locally?
If you read much national news you'll see plenty of headlines that say the housing market is slowing down... the housing market peaked... slower times are ahead for…
Sales of Not New Homes Are Increasing Too
What do we call homes that are not new homes? Resale homes? Used homes? Existing homes? Previously owned homes? :-) Last week I pointed out that we are seeing a rapid…
New Home Construction Is Ramping Up in Harrisonburg and Rockingham County
New home sales are on the rise in Harrisonburg and Rockingham County! After a 39% increase in new home sales in 2020, we saw an even larger 68% increase in 2021. What…
Reflecting On Large, Fast Changes In Mortgage Interest Rates
For at least the past five years, I have remained convinced that mortgage interest rates would start rising... anytime. But month after month, year after year, interest…
It Is Totally OK To Make Fast OR Slow Home Buying Decisions
The housing market in Harrisonburg and Rockingham County is moving very quickly right now. The median "days on market" is only five days... which means that half of homes…
Home Sales Steady in 2022, Prices Still Rising Quickly!
Happy Thursday morning, friends! It's definitely spring in the Valley (cool mornings, warmer afternoons, lots of rain, lots of sun) and spring is a busy time for many!…
If Your Home Has Been On The Market For More Than __ Days And Is Not Under Contract, Ask Yourself Why!
Five short (long!?!) years ago -- back in 2017 -- the median days on market was 33 days. That is to say that half of homes that sold were under contract within 33 days…