Harrisonburg Area Home Sales and Prices Rising Quickly In 2021
Happy Friday morning to you, friends in the Harrisonburg real estate world and beyond! It is a wild and crazy time right now in the local real estate market with many…
The Ever Speedier Pace Of Our Local Real Estate Market
Maybe you've heard that homes are selling quickly these days? ;-) Indeed, they are! As shown above -- for the homes that have sold thus far in 2021, that went under…
Why Was MY Offer On The House Not The Winning Offer? Again!?
If you're trying to buy a house in 2021, it is not uncommon to make an offer on a house -- only to have it NOT be accepted. After all, many new listings are seeing 3, 5…
What Could I Discover In A Home Inspection That Would Make Me NOT Want To Buy This House?
The conversations about home inspections (and whether to do them as a part of a home purchase process) are playing out a bit differently these days. I used to always…
Why Are These Buyers Offering So Much Money For My House?
In this craaaaaazzzy seller's market, some sellers find themselves asking... Why Are These Buyers Offering So Much Money For My House? It's a fair question. And sort of a…
Welcome To The Ebb and Flow of the Summer Real Estate Market
Week 1 - Lots of new listings Week 2 - A few new listings Week 3 - No new listings Week 4 - Lots of new listings Scramble and repeat. Welcome to summertime! This spring…
Does An Increase In The Real Estate Tax Rate Directly and Significantly Affect Housing Affordability?
The City of Harrisonburg recently increased the real estate tax rate from $0.86 per $100 of assessed value to $0.90 per $100 of assessed value. Does this affect housing…
The Housing Inventory Shortage Is Not Likely To Quickly Work Itself Out
Did you hear that... they had five offers within 24 hours... that house had 35 showings and 10 offers... there were 17 showings and eight offers... It's not happening on…
Theory: Low Inventory and Low Interest Rates Are Causing Some Overqualified Buyers To Willingly Overpay For Properties
ALERT: Anecdotal Evidence Only! I like data. I use data quite a bit to better understand the dynamics of our local real estate market. But, sometimes I can't figure out a…
Home Sales Up 19% In Harrisonburg, Rockingham County In 2021
Happy bright, sunny, soon-to-be-hot, Wednesday morning to you! Curious about how things are going in our local real estate market? Here's a snapshot of what now just…
The Number Of Offers On A Single House Is Sometimes Staggering!
I know that you've heard that it is a strong seller's market and there is lots of competition amongst buyers for many new listings -- but did you know HOW extreme it has…
Nearly 500 Buyers Secured Contracts On Homes In First Four Months of 2021
As shown above, for three of the past five years, around 430 - 440 buyers signed contracts to buy homes between January and April. Two years ago, in 2019, there was a bit…