How Much Price Negotiation Should Home Buyers Expect?
If you're looking to buy a home under $250K, should you only consider homes priced at or below $250K? Probably not - some sellers of homes priced above $250K will…
Making Harrisonburg A Place Young Alums Can Call Home For Decades
I recently lamented that most new housing that is being built is student housing or rentals -- as opposed to homes that can be purchased by homeowners. And the "why" is…
Local Real Estate Market Holds Steady in January 2019
I hope you are finding time to enjoy this one sunny day this week - amidst clouds, rain and snow the rest of the week. Perhaps the bright news in this update on the real…
Should I Wait For A Better House To Come On The Market?
This is a common question at this time of year -- as new listings start to trickle onto the market -- but before the deluge (hopefully!?!?) of new listings in March and…
Do Trees Obscure The Front Of Your House?
Many sellers list their homes in the Spring or Summer, which is often ideal for the timing of their move, and aligns well with when most buyers are in the market. However…
What Would It Take For New Construction (For Sale) Housing To Be Built, At Scale, In or Around Harrisonburg
As you may have heard -- the market is hot -- sales are stead, inventory levels are declining and homes are selling more and more quickly. Perhaps, just perhaps, we need…
Changes in Housing Inventory Levels By Price Range
Not all price ranges are created equally, it seems. The hardest hit price range, perhaps unsurprisingly, is the under $200K price range -- where we have seen a 52%…
Who Is Winning In The Local Real Estate Market?
Sellers are winning - rather universally. Every market metric works in their favor. Hooray if you get to be a seller in the current market! Buyers are losing - in all but…
Did The Local Housing Market Slow At The End Of 2018?
Oh my heavens! Take a look at the graph above! DID the local housing market slow at the end of 2018??? I am going to lean towards: sort of, maybe a bit, but not much. The…
Do Lower Housing Inventory Levels Matter In Our Local Market?
Inventory levels have fallen rather consistently over the past several years: Start of 2016 = 560 homes for sale Start of 2017 = 413 homes for sale Start of 2018 = 280…
Harrisonburg Year End Housing Market Report Shows Increases in Sales and Prices
Happy Cold and Snowy January - and Happy New Year! Before we look back at a summary of our local real estate market in 2018, take a few minutes to explore the featured…
When Will Home Buying Activity Ramp Up in 2019?
It should be no surprise that buying activity (contracts being signed) slows down over the Winter. As shown above -- an average of 75 buyers sign contracts in January…