When should we expect to see buyer activity start in earnest in 2017?
If you are planning to sell a home early in 2017, you might be wondering when buyers start coming out in full force. As shown above, the month when buyers really start…
How has the pace of home sales in the City and County changed over the years?
Now, for the annual showdown between the City of Harrisonburg and Rockingham County, though first noting that: City of Harrisonburg = 17.41 square miles (around 13K…
What do 2016 year end home sales mean for buyers and sellers in 2017?
So -- 2016 is over, and 2017 has come. Let's use the data above to draw a few conclusions about what 2016 home sales mean for buyers and sellers in 2017.... HOME…
Year End Home Sales Report Shows Rising Prices, Soaring Sales in 2016
Learn more about this month's Featured Property: 5448 Jesse Bennett Way I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
How to buy a foreclosure in Harrisonburg or Rockingham County
With some regularity, I am asked by potential purchasers how they would go about buying a foreclosure. First, here is a list of upcoming foreclosure sales, but more…
My Predictions for the 2017 Real Estate Market
As is my annual tradition, I am making some predictions about what we'll see in the Harrisonburg and Rockingham County real estate market in 2017. Overall, I am…
Are home sales increasing (too?) quickly, or just catching up?
Some folks would look at home sales over the past seven years (shown above) and comment that home sales are increasing at a very fast pace -- showing a 52% increase since…
How do higher mortgage interest rates affect monthly payments?
Just after the election, mortgage interest rates started rising. They started around 3.5%, and have since climbed to somewhere between 4.25% and 4.3%. It seems unlikely…
After three years of stagnation, single family home sales are increasing again
Single family home sales are often one of the best indications of the health of a local real estate market, as compared to analyzing ALL home sales, because almost all of…
Home Sales Surge, Prices Rise, Inventory Drops in November 2016
Learn more about this month's featured property: 130 Bedford Place I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
Fewer and Fewer Homes for Sale in Harrisonburg, Rockingham County
I am not kidding around when I tell my buyer clients that there have never been fewer options of homes to buy than RIGHT NOW! I have been tracking housing inventory since…
Recent Rise in Mortgage Rates is a Small Change in a Historical Context
Mortgage interest rates jumped nearly 0.5% over the past week or two, but they are still below 4% given the current average of 3.94% -- and if we look at that rate of…