An Early Look At June 2022 Home Sales
As mortgage interest rates rise, many continue to wonder whether it will significantly slow down the amount of home buying activity we are seeing in our local market…
Price Reductions In A Fast Moving Housing Market
A few years ago (maybe five) a home seller would often wait a month or two before giving serious thought to adjusting the asking price of their home if it was not yet…
Harrisonburg to Purchase Shenandoah Presbytery Property For Use As Homeless Shelter
The City of Harrisonburg has contracted to purchase a 6,000+ SF building on the north end of town that used to house the Shenandoah Presbytery. The building is situated…
Increased Mortgage Interest Rates Can Significantly Decrease Your Home Purchasing Power
If you have $2,000 per month in your budget for your mortgage payment, that budget won't allow you to buy quite the same house now as compared to six months ago. Six…
Homes Not In Property Owners Associations Might Still Have Restrictive Covenants
Just because the house you are buying is not located in a Property Owners Association... that does not mean that there are not rules that affect your ownership of the…
Is The Local Real Estate Market Softening?
Anecdotally, it seems like a maybe the local real estate market is softening... but the data certainly doesn't show it yet. Here are a variety of current market anecdotes…
It Can Be Particularly Challenging For Relocating Home Buyers To Buy Right Now
There have been three instances in the past week where I really wish the fictional private jet shown above existed... ;-) It is particularly challenging for a relocating…
The Summer Housing Market Often Provides An Irregular Flow Of New Listings
Starting and stopping and starting again. Home buyers hoping to buy a house in Harrisonburg or Rockingham County over the next month or two might become confused, or…
Will Mortgage Interest Rates Decrease Again, Somewhat, In The Next Few Years, Allowing 2022 Home Buyers To Refinance?
It's an interesting question that I have discussed with several home buyers lately. The economy is on a tear... inflation is rampant... housing markets (including our…
Harrisonburg Area Housing Market Reaches New Heights
Happy Friday morning, friends... and Happy Summer! If you have school age kids, or college age young adults, I hope the school year finished out well and that they (and…
I Like This House! I Will Buy This House! Right?
If only it were so easy. :-/ If you see a new listing of interest... ...and when we walk through it on the first day on the market you love it... ...and if you are…
Ideally, We Should Talk About Potential Contingencies Well Before Making An Offer On A House
In a fast moving housing market, it's important to be ready to make an offer quickly after seeing a house that you like. But... making an offer includes a variety of…