In 2008, Congress passed a law that offered a tax credit of $7,500 to anyone who purchases a home for the first time, up until June 30, 2009. Tax credits are better than deductions. Generally speaking, if you are entitled to a tax credit, you get the full amount, even...
News
Harrisonburg Area Unemployment at 4.3%
News broke this morning that national unemployment hit 7.6%, as the economy lost nearly 600,000 jobs in January. The situation is significantly better in the Harrisonburg area, where the unemployment rate is 4.3%. According to this table provided by the Bureau of Labor Statistics, our area is ranked #33 out...
New International Cuisine in Harrisonburg: Beyond
Downtown Harrisonburg will soon have a new restaurant. It will be called Beyond, and will feature international cuisine. The proprietors will be the same folks who own and operate the highly popular Taste of Thai on South High Street. The location? The old Spanky’s building at 50 West Water Street....
National + Local Real Estate Markets in the News
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...
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...
A “Massive” New Real Estate Project in Harrisonburg
A new 160-acre real estate development is proposed to be built on the Harrisonburg City / Rockingham County border by the Post Office on the South end of town. This project is awaiting zoning approval, but is likely to get the “OK.” The complex will include 384 residences in the...