The National Association of Realtors reported that existing home sales rose 6.5 percent from November 2008 to December 2008. This a rare bit of good news for the national real estate market, which saw a drop in sales prices around 15% in from 2007 to 2008. Read more here. The...
Archives: January 2009
Is Now the Time to Buy a Home?
Maybe. It is certainly a buyer’s market, which means that home buyers have the advantage in negotiations, as well as a broad range of choices. However, since it is a difficult market for sellers, our team’s counsel to inquiring would-be buyers is that they need to be reasonably confident that...
Another Development Downtown?
The Daily News Record reported today that a real estate developer out of Charlottesville, Virginia, will be going in front of the Harrisonburg City Council this evening to propose a 66-apartment project on 2 acres to be developed in Downtown Harrisonburg. A developer will seek City Council’s help tonight to...
Fuzzy Math on Average Home Price? Or Not?
As I wrote in a post a couple of days ago, home prices in the Harrisonburg area did not drop significantly in 2008. When I ask friends and clients how much they think prices have dropped, on average, from 2007 to 2008, the answer is reliably between 10% and 25%....
Shout It from the Rooftops — Home Values Have Not Dropped (Significantly)
There’s no glossing over the fact that 2008 was a difficult year to get a home sold. The demand for homes decreased due to tightening loan requirements (which is largely a good thing) and a rather poignant feeling of caution among buyers. The sharply receding economy has produced those fears,...
Get The Most Value From Your Home Improvements
Sellers — or homeowners looking to receive top dollar when you’re ready to sell — is your home improvement to-do list overwhelming? Now you can prioritize your to-do list! HomeGain has a helpful calculator on their web site to assist you in determining which home improvement projects to work on...