Local market insight since 2007
Many or most resale homes have been going under contract very quickly when they have been listed for sale over the past four years in Harrisonburg and Rockingham County…
For over 10 years (Feb 2011 - Apr 2022) mortgage interest rates were below 5%. For about 3 years (May 2019 - Mar 2022) mortgage interest rate were below 4%. But since…
If you have own a home... but are ready to buy a new one... sometimes the biggest challenge is figuring out how to buy the next home while selling the current one. This…
It seems likely that would-be home buyers will have more competition from other buyers two months from now compared to today. Here's why... [1] Mortgage interest rates…
Over the past five-ish years we were all living in a world of rapidly rising home prices, a fast moving real estate market and super low mortgage interest rates. Thus, if…
Just an observation here, but there are currently a very limited number of options for buying a building lot, hiring a home builder and building a custom home…
The developers of Bluestone Town Center are proposing a plat for the first phase of the development to include the following property types on 28.31 acres... 146…
The graph above speaks for itself, but I'll point out a few more things that aren't explicitly referenced above... 76% of currently active resale listings (not new homes)…
Happy New Year, Friends! I hope your 2023 wrapped up nicely and that you had some time with family and friends over the holidays! I had a wonderful time over the past few…
Between 2015 and 2020 the portion of annual home sales that were new homes ranged from between 10% and 15% per year. But... we started to see the share of new home sales…
The real estate market has been anything but predictable over the past few years, but read on for my predictions for what we'll see in the Harrisonburg and Rockingham…
Well... my predictions for last year's local housing market weren't exactly spot on. :-) Let's take a look. Above you'll see actual versus predicted number of home sales…
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