Low Inventory Levels AND Lots Of Listings
It's an interesting conundrum. Inventory levels are really (really!) low right now, but there are plenty of new listings that will come on the market this month and next…
Are Home Prices Only Going Up Because Mortgage Interest Rates Are Going Down?
Disclaimer: I am not an economist. I don't play an economist on TV. Or on this blog. Feedback from actual economists, or accountants, or financial analysts, or wise guys…
Is It Dangerous To Pay Too Much For A House?
I am going to start with three very important notes: Home values do not always go up. Home values do not always go up. Home values do not always go up. OK, now, having…
Mixed Use Developments in Rockingham County, Looking Around and Looking Forward
Given all of the developments popping up along Boyers Road it is probably a good time to pause and remember that this (Boyers Road) is one of the main areas where…
Who Is Winning In The Local Real Estate Market?
Sellers are winning - rather universally. Every market metric works in their favor, making it a rather enjoyable time to sell. Buyers are losing - in most categories…
Why Did So Many Homes Sell In Our Area In 2020?
As shown above, the annual pace of home sales took a nose dive in April 2020 related to COVID, but has taken off since August 2020 and quickly accelerated the market to a…
As A Home Buyer, You Have Never Had Fewer Options
It's a tough time to be a home buyer. In most locations and price ranges there are VERY FEW homes for sale! As shown above, the number of homes for sale at any given time…
How Quickly Are Homes Going Under Contract?
Q: How Quickly Are Homes Going Under Contract? A: Quickly. As you can see above, more homes went under contract in the first 10 days of being listed for sale (808 houses…
Home Sales Up, Prices Up, Inventory Down in January 2021
Happy Wintry Monday Morning, friends! It looks like it might be a touch above freezing temperatures today, so perhaps some of the lingering snow and ice and will start to…
What Could Cause Our Imbalanced Housing Market To Balance Out?
Several of my clients have recently commented on how our local real estate market seems out of balance - with so many more active buyers in the market than there are…
If You Might Sell Your Home and Buy A New One In 2021 You Probably Have These Three Questions
I've talked with several folks over the past few weeks who are thinking about possibly selling their homes this year and it struck me that they all had the same three…
There Seems To Be A Backlog of Home Buyers
If you're a buyer, it's hard to secure a contract on a house these days -- especially under $250K, even under $300K, especially in the City of Harrisonburg. It almost…