Now Could Be An Ideal Time To Sell A Residential Rental Property!
If you own a rental property in the City of Harrisonburg or in Rockingham County, perhaps a townhouse or duplex or small single-family home, this could be an ideal time…
Are Home Prices Cooling? Move Beyond The Headlines To Be Sure!
Many news outlets (typically national news outlets, not local news outlets) are running stories with headlines referencing cooling home prices. Are home prices cooling?…
Inventory Levels Largely Unchanged From Two Years Ago
How have inventory levels changed over the past two years in Harrisonburg and Rockingham County? Some might assume there have been fewer (and fewer and fewer) homes on…
This Is Completely Anecdotal, But Showing Activity Seems To Be Trending Upwards Again
Clearly, showing activity (the number of showings on any listing) will vary from property to property, based on... - price range - property type - location - how…
What Is An Affordable Home Purchase For A First Year Teacher?
Q: What Is An Affordable Home Purchase For A First Year Teacher? A: Technically, $161K, but maybe more? Let's look at the numbers... It seems a first year teacher in the…
An Early Look At January 2023 Home Buying Activity
Contract activity slowed considerably in the fourth quarter of 2022 compared to the fourth quarter of 2021... Oct- Dec 2021 = 383 contracts signed Oct - Dec 2022 = 230…
We Will Likely Have More Clarity On The Pulse Of The Local Housing Market By April
Home sales have been slower in November, December and January. This is somewhat normal from a historical perspective - winter months are normally slower. They haven't…
Resale Home Might Be Harder To Find This Year Than Last
We saw a 14% decline in existing home sales (sales of resale homes) in 2022... Existing Home Sales in 2021 = 1,347 Existing Home Sales in 2022 = 1,159 With many…
Home Buyers Happy To See Mortgage Interest Rates Continuing To Decline
A year ago, the average 30-year fixed mortgage interest rate was 3.6%. Over the course of the past year that climbed... and climbed... and climbed... to a peak of 7.08%…
The First Three Questions We Will Try To Answer When Meeting To Discuss Selling Your Home
So, you're planning to sell your home this spring? Perhaps we should meet to discuss! Here are the first three questions we will try to answer, together, when we meet…
Foreclosured Started To Increase Again In 2022, Sort Of...
Foreclosures in Harrisonburg and Rockingham County increased 71% in 2022. Gasp! ;-) Well, yes, technically they did... after only 14 foreclosures in 2021 there were 24 in…
Home Sales Slowed Considerably In Late 2022 But Home Prices Kept On Rising
Happy Thursday afternoon, friends! And... Happy New Year! It's hard to believe the New Year is upon us. Actually.. we're already more than halfway through January at this…