Contracts to buy and sell off to a slower start in 2025
We're now about 117 days into the year and markedly fewer home sales are coming together this year than last. The graph above shows us that thus far this April buyers and…
Will mortgage rates drop faster than home prices will rise?
Some would-be home buyers are holding off on a home purchase right now because of how current mortgage interest rates are impacting their potential monthly payment. But…
A Slow Start But Signs of Strength in the Early 2025 Housing Market
Happy Tax Day! (Is that a thing?) Hopefully your taxes are done, filed, and maybe even bringing a refund your way. Before we dive into the data, a quick personal…
Current property values and interest rates favor selling investment properties over buying
Looking at townhouses as one example of local investment properties, let's see how their property values have changed over the past five years. Here's the median sales…
Key Decisions When Making an Offer
You just went to see a FANTASTIC new listing -- and you are EXCITED to make an offer. But... it's the first offer you will be making... so what do you do next... and what…
At this time of year, the right house might hit the market any day!
Inventory levels are still relatively low in many price ranges and areas in Harrisonburg and Rockingham County. Thus, as a new buyer, it can be a bit discouraging at…
The three main hurdles between contract and closing
While every home sale is different -- with unique contingencies based on the needs and situations of the buyer and seller -- there are three main hurdles that most buyers…
Far fewer homeowners are willing to sell these days
Most graphs I examine are looking at the total number of home sales in the Harrisonburg and Rockingham County. This graph is a bit different. All of those other graphs…
Fewer home sales but higher sales prices in early 2025
Happy Monday morning, friends! It seems it might start feeling like Spring in the Shenandoah Valley this week. While this morning started off just below freezing... we'll…
Inventory levels remain low in Harrisonburg and Rockingham County
We'll see what March brings, but thus far, inventory levels are stay rather low in Harrisonburg and Rockingham County. With just 136 homes on the market right now, this…
Home Sales, Contracts, Off To A Slightly Slower Start In January 2025
Happy SNOWY Wednesday, friends! After a solid eight inches about two weeks ago, we had another six inches yesterday! Some even say we might have another snow next week!?!…
You Will Want To Have A Lender Letter The Day BEFORE Your Ideal Home Is Listed For Sale
We're headed towards the spring market soon. Yes, I know there is still plenty of snow piled up that has yet to melt -- but hey, this week we're going to see high…