Consider a shorter loan term when refinancing
I bet you thought rates were low on 30 year mortgages at 3.62%. How about a 15-year fixed rate mortgage at 2.89% -- now that is low! If you are refinancing your mortgage…
Local housing inventory bucks historical trend
Summer is not quite over yet (100 degrees today, I hear) --- but the local housing market is already showing some signs of fall --- and that's a good thing! Typically our…
Buying choices continue to shrink in the Harrisonburg area
As mentioned in the Daily News Record today, the number of homes for sale keeps declining. Current inventory levels are down 14% (see the graph above) from one year ago…
If (single family) home prices are about to head back up, then now is the time to...
As mentioned earlier this week, home prices may be ready to head back up. So, if you have been waiting to buy until you were confident about the future of the market…
Don't forget these costs when considering a modular home
After my ramblings last week about modular homes, I had a helpful conversation with Jim Herr, a local building contractor, who shared this perspective on modular…
Buying a house is not for everyone, but it's becoming more and more favorable compared to renting!
From the Reuter's blog: Let's go buy a house!
Are sellers accepting home sale contingencies?
Plenty of houses are going under contract, but are sellers accepting home sale contingencies? Based on the analysis above, it would seem that they are not (in almost all…
Why are we waiting so long to order appraisals??
I have had five transactions thus far this year where this dynamic seems to be at play.... The diagrams above are not showing the new reality for all lenders --- it is…
Yes, this is a buyers market, but you still will not be able to steal a house.
I certainly think buyers should be able to get a good deal on a house in the current market -- after all, there are more sellers than buyers in the market. And maybe…
If you're looking to buy, build, or improve a home, stop by the JMU Convocation Center this weekend!
Home & Garden Show booth for The Gaines Group As home values softened (declined) over the past six years, an increasing number of homeowners who would have considered…
Is an improving housing market good news for everyone?
photo source: erix The local housing market is improving (sales up, prices up) but as someone pointed out to me earlier this week, that's not necessarily good news for…
Everything you need to know about buying an investment property in Harrisonburg, Virginia
Types of Investment Properties in Harrisonburg Overview of Real Estate Investing in Harrisonburg Reasonable Goals for Buying an Investment Property in Harrisonburg…