OK, False Alarm, Most Homes Are Still Selling Very Quickly
Yesterday I took a look at a very small data set (homes going under contract the week prior) and noticed that new homes were selling very quickly and resale homes were…
How Quickly Are Homes Selling These Days?
First disclaimer -- the graph above is based on a very small sample size -- I'm just looking at the homes that have gone under contract in the past week. Second…
Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport
A developer out of Vienna is proposing that the 31.5 acre parcel shown above be rezoned from A-2 (agricultural) to PMF (Planned Multi-Family) to allow for the…
A Rough Two Years For Rising Mortgage Interest Rates
Mortgage interest rates have been declining on a weekly basis over the past month, but... let's not forget exactly where we are relative to the past 30, 40 and 50…
Home Buying Activity Will Slow But Not Stop Over The Winter
Generally speaking, folks don't use their outdoor hose spigots in the winter. I suppose you might use it from time to time, but it's just not as fun to wash your car in…
Demand Is Likely To Keep On Rising For Contractors And Home Renovators
We seem likely to see a continued increase in demand for contractors and home renovators in Harrisonburg and Rockingham County in 2024. If you're thinking about getting…
Update On City Of Harrisonburg Townhouse Market
The median sales price of city townhouses has increased from $220,000 last year to $235,000 this year. The graph above shows the median sales price in several of…
Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again
This seems to be the story of quite a few folks in Harrisonburg and the surrounding area. Some of these folks graduated from a local college or university in the past…
Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment
"Our house isn't working well for us anymore. We are thinking of selling it and buying a new house." Sounds good, but let's look at a few basic numbers first... You…
Despite Fewer And Fewer Home Sales, There Are Plenty Of Reasons Why Buyers Will Still Buy And Sellers Will Still Sell
January 1, 2022 through November 20, 2022 = 1,445 home sales January 1, 2023 through November 20, 2023 = 1,082 home sales As of this week we have seen 25% fewer home…
Home Buyers Signed Contracts On These 15 Homes Over The Past 7 Days
Over the past week (15) home buyers in Harrisonburg and Rockingham County signed contracts to purchase (15) homes. What did they contract to buy? You can review the…
Collecting, Organizing And Studying Showing Feedback Is Important, Again
For most of 2020, 2021 and 2022, nearly every listing went under contract quickly - often with multiple offers. During that time, feedback on showings was collected, but…