Sales Activity Was Slowing For Two Months But Has Picked Back Up Again
The first few months of 2020 were strong -- stronger than 2019 and seeming to indicate that 2020 was going to be a solid year of local home sales. And then, COVID-19…
Home Buyers In 2020 Are Locking In Ridiculously Low Mortgage Interest Rates
If there is one trend line that we like to see declining -- it's mortgage interest rates! :-) The interest rates at which buyers are financing their mortgages have been…
This Could Be A Good Time To Sell A Townhouse Under $200K, Built Since 2000, In The City of Harrisonburg
If you have a townhouse to sell in the City of Harrisonburg, built in the past 20 years, that would be priced under $200K, this may be an excellent time to sell it…
Renting or Buying A Home Within A 5 Year Time Horizon
If you will only be in your next home for two (or 1, 3, 4 or 5) years -- should you buy that home? Or just rent a home instead? Let's take a look, assuming a price point…
What To Expect For The Second Half Of The Year In Our Local Real Estate Market
I spent some time this past weekend cleaning up my crystal ball - oh wait, no, I was cleaning my garage. My crystal ball is always ready and waiting to convincingly and…
Contracts Shoot Skyward In June, Sort Of Like Fireworks
After three months in a row (March, April, May) of slow contract activity (compared to last year) the pace of contracts being signed shot skyward in June to easily…
Which Terms Are Usually Most Important To Home Sellers When Receiving Multiple Offers?
It's all about money, right? Well - not always. If you are making an offer on a house and you will be competing with other buyers who are also making offers, there is…
Detached Homes Under $250K In The City of Harrisonburg Are A Hot Commodity
If you are selling a detached home in the City of Harrisonburg, priced under $250K, you are likely to have quite a few early showings. If your home is prepared well and…
How To Make An Offer On Your Dream House
How, you might ask, do we go about getting from the point of wanting to make an offer --- to actually making the offer? Here's a brief overview.... Obtain a pre-approval…
New Home Communities Boost Listing Inventory, Contract Activity, Closed Sales
Inventory levels have been low and getting lower for the past few years - but several new home communities have launched during that time that have provide more options…
Virginia Housing Market Not As Vulnerable As Most
The National Association of Home Builders recently took a look at which states' housing markets were more (and less) vulnerable for a downturn brought on by the COVID-19…
Boom, Just Like That, 2020 Buying Activity Is On Par With 2019 Trend
Buyer activity has been lagging this year -- in fact just a few weeks ago there were 5.5% fewer contracts signed in 2020 as compared to 2019. But, not any longer! As of…