Is The Harrisonburg Housing Market Nine Percent Overvalued?
There's a good article to read over at Fortune from earlier this week... FORTUNE: We're in a historically overvalued housing market, and these cities could see home…
Home Buyer Demand, While Possibly Reduced Due To Higher Interest Rates, Seems To Still Exceed Supply
This is totally anecdotal at this time, so I'll see what the data seems to indicate when I compile my market later this month, but thus far.. Home Buyer Demand, While…
Can You Make a $300,000 Decision In Less Than An Hour?
It's a weird time to be a home buyer... in oh, so many ways! But here's one of them... Perhaps you are going to spend $300,000 on the home that you hope to purchase this…
If You Hope To Buy a Home and Have Not Talked To Your Lender Lately, Do So NOW!
So, you've been planning to and trying to buy a home for the past four months... but despite having made multiple offers, nothing has worked out yet. This is not as…
Many Would Be Buyers Are Finding Zero Homes For Sale Right Now
It's a strange time right now -- there are quite a few segments of the market with absolutely no options for buyers. For example, let's say you wanted to buy a resale…
You Might Not Want To Think About This Aspect Of Escalation Clauses. Sorry!?
Escalation clauses are all the rage right now when would-be buyers are competing against multiple other offers on popular, well prepared, well priced, thoroughly marketed…
Is FOMO Fueling Rising Home Prices?
The Federal Reserve Bank of Dallas indicates that there are signs of a brewing housing bubble... and FOMO (fear of missing out) might be a contributing factor. You'll…
Real Estate Tax Rates Moving Up and Down
Rockingham County - tax rate down 8% The Rockingham County real estate tax rate is currently $0.74 per $100 of asssessed value, but the Board of Supervisors just approved…
More Contracts Were Signed In March 2022 Than In Any Month In The Past Decade
Wow! I knew that a lot of homes went under contract last month when I compiled my market report but I hadn't yet put it in a larger context. During March 2022, contracts…
Home Sales Slow Slightly, Prices Still Climbing Quickly!
Happy Tuesday morning, friends! I hope you are enjoying the warmer weather this week, and perhaps some sporting events! We have a baseball player and a runner here in our…
If Higher Mortgage Interest Rates Will Cause The Market To Shift, It Does Not Seem To Be Happening Yet
In theory, as mortgage interest rates increase, some buyers will be priced out of considering some homes that they would like to purchase. If enough buyers are priced out…
Do Not Despair, More Homes Will Be Listed For Sale Soon!
If you're hoping to buy a home in the Harrisonburg area it can seem challenging to buy a home right now. After all, you might decide you want to buy a home in the Keister…