Indeed, Fewer Homes Went Under Contract This Summer Than Last
Indeed, as is shown rather clearly above, fewer buyers signed contracts to buy homes this summer than last. When I'm talking summer, in this instance, I'm referring to…
Which Comes First? Buying Your Next Home Or Selling Your Current Home?
If you are getting ready to sell your home AND buy a home, it can sometimes be difficult to determine where to start... Do you start by finding a house you want to…
If You Are Hoping To Negotiate On Price, An Offer On Day One Might Not Make Sense
Ooooh... an exciting new listing just hit the market! It's in the neighborhood where you hope to live, has just the right amount of space, has the garage you've been…
As Time On The Market Increases, Contingencies In Offers Often Increase
Day 1 - If a buyer is interested enough to make on Day 1, and potentially be competing against other highly motivated buyers, there is a good chance they will waive some…
48 Apartments, 26 Townhomes and A Mixed Use Building Proposed For Corner of Boyers Road, Port Republic Road
A new proposal has emerged for developing the 5.7 acre parcel of land at the corner of Port Republic Road and Boyers Road. S&B Ventures, based out of Mount Crawford, is…
Most Conditions Are More Favorable For Buyers Now Than A Year Ago, Though Not Mortgage Interest Rates
If we ignore mortgage interest rates for a moment (how can we!?) I believe it is accurate to say that home buyers are finding conditions to be more favorable now than a…
Are Home Buyers Walking Away From Contracts In Harrisonburg?
You may have read in recent news headlines that home buyers are cancelling their contracts to buy homes left and right. Here is one such news story... Homebuyers are…
The Strength Of The Local Housing Market Is Likely To Start Varying By Price Range, Location And More!
For the past few years the market has been moving so quickly, with such an excess of buyers in nearly every price range, that just about every house would sell very…
Just As Many Homes Are Selling Over Asking Price Now As Compared To In 2021
This statistic might surprise you. It surprised me. Just as many homes are selling over the asking price now (in the past 90 days) as compared to in 2021. And…
Is The Last Item On Your Back To School Shopping List... A House?
Happy first (or second) week of school! It's at this time of year -- over the next few weeks -- that we often see a surge (or mini-surge) of home buying activity. Summer…
Plenty Of Properties Likely Sold Above Appraised Value Over The Past Few Years But Fewer Are Likely To Do So Moving Forward
Home buyer attitude towards appraisals has certainly shifted over the past few years! PRE-COVID... Most buyers would include appraisal contingencies in their offers to…
Do Home Prices Rise As Interest Rates Fall, And Fall As Interest Rates Rise?
Q: Do Home Prices Rise As Interest Rates Fall, And Fall As Interest Rates Rise? A: Sometimes In the graph above I tracked the median sales price of single family homes…