Low Unemployment, Low Foreclosure Rates in the Valley!

This morning’s edition of the Daily News-Record ran a story reporting that the unemployment rate in the Harrisonburg-Rockingham area has dropped to 3.5%, which is down from 4.2% a month earlier. More good news on the stability of our local economy can be found on this very cool web resource provided by the Federal Reserve Bank of New York. (Thanks to JoDee Lambert of StellarOne Mortgage in Harrisonburg — she sent this to me earlier today in an email.) You can find the foreclosure rate for almost every city and county in the country on this map. Here are the rates for some nearby localities:

Augusta County, 0.87%

Staunton, 2.64%

Waynesboro, 1.23%

Shenandoah County, 1.62%

Page County, 1.58%

Rockingham County, 0.53%

Harrisonburg, 0.77%

The rates for Rockingham County and Harrisonburg (especially the county) are among the lowest in Virginia — and the nation. This is great news for local property owners, and for our local economy in general!

About Chris Rooker

Chris is an associate broker at Kline May Realty. He began his real estate career in 2003 with the vision of creating a residential sales team that works together to offer home buyers and sellers extraordinary customer service. He manages the activities of the team, and works directly with buyers and sellers. He loves where he works and lives – which is exemplified by his service on the boards of the local Salvation Army chapter and the Belmont Civic Association. When he is not tending the business, he enjoys cooking, reading, and spending time with his wife, two boys, and his family’s beloved schnoodle (miniature schnauzer + poodle), Sadie.

2 thoughts on “Low Unemployment, Low Foreclosure Rates in the Valley!

  1. Pingback: How to Find Info on Foreclosures Online

  2. Pingback: Shout It from the Rooftops — Home Values Have Not Dropped (Significantly)

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