City Of Harrisonburg Considers 8% ($0.08) Increase In Real Estate Tax Rate
The current real estate tax rate in the City of Harrisonburg is $0.96 per $100 of assessed value. That means that if you owned a home assessed at $280,000 (median City…
Strong Contract Activity Continues Into April
We saw a surprisingly high number of homes go under contract in March this year... 143 of them, compared to only 118 last March. And... this April is also starting off…
Home Sales Are On The Rise Again In 2024 With Slightly Smaller Increases In Home Prices
Happy Friday morning, friends! We're having some warmer (and mostly sunny) days this week in the Shenandoah Valley. We probably needed yesterday's rain, though…
A Year From Now, Mortgage Interest Rates Seem Unlikely To Be Much Below Six Percent
The current average 30 year fixed mortgage interest rate is 6.82%. If you are waiting to buy a home until mortgage interest rates fall below 6% you might be waiting a…
How Long Will You Stay In Your Home?
It seems homeowners are staying in their homes much longer now than they did two decades ago... with the median homeowner tenure having risen from 6.5 years in 2006 to…
Another Buyer May Be Able Or Willing To Pay More Than You
Many homes in many price ranges are still receiving multiple offers. Thus, a variety of questions may run through your mind if you are making an offer on a popular new…
You Can Change A Lot About A House, But Not The Location Or Neighborhood
That house is PERFECT! It has the right amount of bedrooms, it's the perfect size, I love the flow of the main living spaces, and the exterior siding and landscaping are…
How To Think About The Market Value Of Your Home When There Have been No Recent Sales In Your Neighborhood
I think this is going to be a more common phenomenon over the next few years... In preparing to list your home for sale we start to take a look, together, at recent sales…
Home Sellers In Many Price Ranges Still Need To Plan To Be Kicked Out Of Their Houses For A Few Days
Plenty has changed since the times of real estate during a pandemic... [1] Mortgage interest rates are now 6% instead of 3%. [2] Sellers are often receiving a few offers…
Make The Most Of Each New Listing This Spring!
With mortgage interest rates still above 6% and with the vast majority of homeowners having mortgage interest rates below 4%, there will likely be far fewer new listings…
Harrisonburg Explores Options For Developing Housing On City Owned Land
The City of Harrisonburg has been working for the past year on exploring how two City-owned properties might be developed to provide future affordable housing solutions…
The Differential Value In Your Escalation Clause Should Likely Vary Based On The Other Terms Of Your Offer
We're still in a housing market where many new listings will have multiple offers within a few days -- not all new listings, and maybe not most -- but many. As such, if…