Effective January 1, 2010, changes will be made to the Real Estate Settlement Procedures Act (RESPA), which will improve the client experience with regards to choosing a mortgage loan. Essentially, these changes will allow the client to make a better informed decision about which loan to go with. Less confusion,...
Harrisonburg Area Real Estate Market Report: November 2009
The stats are in! November came to a close a week ago, so it is time for the monthly Harrisonburg Area Real Estate Market Report. This November has shown an upswing in sales compared to last year at this time, which is great news for the local economy. As you’ll...
Economic Recovery Driven by Real Estate
The housing market is strengthening, not only here in Harrisonburg and Rockingham County, but also around the rest of the nation. In fact, there are four regional sectors that the National Association of Realtors® (NAR), and Virginia is in the “South” region, which experienced a 12.7% increase in home sales...
Local Businessman Named Entrepreneur of the Year
The President and CEO of the nationally-known (but based in Harrisonburg) Rosetta Stone, Tom Adams, has been named the Ernst & Young Entrepreneur of the Year. He was also the national winner of the Retail and Consumer Products category. Hats off to Tom! “Tom Adams’ efforts at Rosetta Stone have...
Living in a College Town Costs Less!
Harrisonburg is home to James Madison University and Eastern Mennonite University, and is also near colleges like Bridgewater College, Blue Ridge Community College, Massanutten Technical College, National College of Business and Technology, and down the road, Mary Baldwin. Living in a college town costs less than the average! Many college...
Homeowners Facing Foreclosure Can Stay in Their Homes
Yep, homeowners who are facing foreclosure can stay in their homes — as renters. Fannie Mae just designed a new program called the Deed for Lease Program that allows homeowners to stay in their own homes as tenants. Here is the gist of how this works, according to Market Watch:...