Adjusting Our Thinking About Time On Market
For the past three years we have seen most homes going under contract very quickly. The median days on market (# days between list date and under contract date) has been…
Two Startling (Nationwide) Stats That Show Why Many Homeowners Are Not Likely To Sell Within The Next Few Years
Current mortgage interest rates for a 30 year fixed rate mortgage are averaging at 6.9% per Freddie Mac. Here are the two startling statistics as reported by Business…
164 Apartments Proposed On Mosby Road As Affordable Housing, With More Likely To Be Proposed In The Future
A developer out of Georgia, the Beverly J. Searles Foundation, is proposing to build a 164 unit apartment complex on West Mosby Road. The Harrisonburg Planning Commission…
119 Apartments, Convenience Store, Restaurant Proposed At Intersection Of Port Republic Road and Devon Lane
A new development, The Vista at Forest Hills, is being proposed at the intersection of Port Republic Road and Devon Lane, at the current location of a Citgo gas station…
How Often Are We Seeing Multiple Offer Scenarios These Days?
Pre-COVID, multiple offer scenarios were the exception not the rule -- we would see them from time to time, but not often. During most of 2020, all of 2021 and much of…
We Are Starting To See A Few More Homes With Price Changes These Days
There are 172 active listings (homes for sale) in Harrisonburg and Rockingham County right now. Of those... 27 have had price changes in the past two weeks... and 145…
Quite A Few Home Buyers (And Sellers) Signed Contracts In July 2023
Looking back at the number of contracts signed last month in Harrisonburg and Rockingham County -- there were 133 contracts signed. These 133 contracts signed in July…
The Goldilocks Principle In Pricing Your Home To Sell
Per Wikipedia... The Goldilocks principle is named by analogy to the children's story "The Three Bears", in which a young girl named Goldilocks tastes three different…
280 Unit Rental Community, Stone Ridge Crossing, Proposed For North End Of Boyers Road
Remember the north end of Boyers Road? It used to be connected to Route 33 but now it ends in a cul-de-sac. The proposed development shown above, Stone Ridge Crossing, is…
1,880 New Housing Units Approved At Massanutten Resort
Last week the Rockingham County Board of Supervisors approved three rezoning requests from Great Eastern Resort Corporation that provides a roadmap for expanded…
Home Buyers In Some Price Ranges Are Likely Competing With Would Be Buyers From A Year Ago
Let's focus in on one particular segment of the home buying public... ...those relocating to the Harrisonburg area for employment. Plenty of folks relocated to our area…
Why Some Buyers Are Comfortable Paying More Than You Would Expect On Their Home
"Did you see that new listing? It was just listed for $425,000. Looks like a great place. I'm sure there will be tons of interest and probably multiple offers. I can see…