Are you next in line to sell your home?
In Harrisonburg and Rockingham County, looking at the year thus far (thru Oct 31, 2011).... There have been 653 home sales, which is an average of 65 homes per month…
More and more homeowners are remodeling
Hmmm.....are they remodeling instead of selling their home to buy a new home? Or are they remodeling to get ready to sell? Current remodeling levels are higher than any…
If you haven't sold your property in two months....
Click the image above to watch a 4 minute video from the Wall Street Journal (and Smart Money) about the state of the current housing market. From the video.... "As a…
Should I buy or should I rent?
Yesterday's Daily News Record had a thorough look at buying vs. renting from a variety of perspectives. Here are a few (long-ish) excerpts.... HARRISONBURG — Chris and…
Honey, given the less than ideal housing market, perhaps we should renovate instead of selling!
It seems this conversation has likely been happening quite a bit, as home improvements are on the rise! Beyond people deciding to renovate instead of selling, it is also…
An eternal optimist? Who? Me? Couldn't be! :)
I have been accused as being an eternal optimist. :) I can understand the observation, as after all, when median prices dropped 4% last month I made sure that you knew…
Houses in your neighborhood are large, but only small houses have sold recently. What happens when you sell?
Take a look below at your neighborhood. The houses in black are larger, and have not sold recently. The houses in red are small, and have sold recently. Your house is…
Is it wise to put my house on the market in Sept? Oct?
Everyone knows, the summer is the busiest sales season -- but how does the rest of the year compare? And is it reasonable to list a home for sale now (in the Fall) or…
Houses are still selling in the Shenandoah Valley
Home sales have been declining for over five years in Harrisonburg and Rockingham County and median home sales prices have been declining for three years. This causes…
Sellers are now landlords, and buyers are now tenants
Five (or so) years ago, there were LOTS of first time buyers purchasing $150K new/newish townhomes in the City of Harrisonburg. Many of these buyers were young…
The list price to sale price ratio has adjusted with market, but not as much as you might have thought
Back in 2000, homes sold at an average of 97.4% of the list price --- now, they sell for an average of 94.7% of the list price. That's not actually much of a shift…
Buyers will act, once there is equity on the table
A house can sit on the market for months, or even years, without selling or even having an offer. Then, the list price is reduced by a negligible amount, and an offer…