This past week, interest rates on 30-year fixed mortgages hit a record low — or, at least, as low has rates have been since records starting being kept in 1971. Click here to read more.
Harrisonburg Neighborhood Tour: Lake Pointe
Lake Pointe is this area’s most luxurious neighborhood, with gorgeous custom built homes on large lots of about an acre or more. Many of these homes have glorious views of Lake Shenandoah and the Blue Ridge Mountains. This neighborhood is tucked away between the edge of Highland Park and the...
Harrisonburg Area Real Estate Market Report: May 2010
Last month, we saw sales volume increase by 60% from the same time last year. We were excited to see that surge in sales because it showed promise for our local market moving forward through recovery. This month didn’t fare as well, but sales volume only dropped by 5%, and...
What is Private Mortgage Insurance (PMI)?
Private Mortgage Insurance, more commonly referred to as PMI, allows home buyers to obtain a mortgage with a lower down payment (typically less than 20% of the sales price). With PMI in place, lenders are insured against the risk of default on the loan. PMI charges are fairly minimal, running...
New Smoothie Bar in Downtown Harrisonburg
Downtown Harrisonburg is opening new restaurants and cafes all the time, which is a great sign of recovery and revitalization! One of the newest additions is a smoothie bar called “Pulp.” It is conjoined to and operated by the Shenandoah Bicycle Company on South Main Street. Pulp opened this past...
Harrisonburg Area Real Estate Market Report: April 2010
Last month’s market report was a bit of a downer, and one that proved we need to watch some trends closely — sales volume and average price per square foot, specifically. April was the final month for first time home buyers (and “move-up” buyers) to take advantage of the tax...