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...
Tag: national association of realtors
New Law Protects Renters from Eviction on Foreclosed Homes
With so many foreclosures occurring these days (although, truthfully, not many around Harrisonburg compared to the rest of the country!), renters can rest a bit easier knowing that a new law has been put into effect to protect them. On May 20th, the government passed a law stating that renters...
Who’s Buying Real Estate… and Who’s Not
The National Association of REALTORS (NAR) surveys home buyers and sellers on an annual basis, and they have published their findings for 2008. Here is a glimpse at the type of folks buying: Married Couples: 61% Single Women: 20% Single Men: 10% Unmarried Couples: 7% Other: 2% Compared to the...
The Housing Market is Not the Stock Market
For the past couple years, the housing market has gone through some tough times. Remember in 2005 when houses literally sat on the market for a day before going under contract? Well, after that boom, the market turned around, and the real estate market has now begun the road to...