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 from September to October of [...]
Entries from November 2009
Economic Recovery Driven by Real Estate
November 30th, 2009 by Lisa Oates · No Comments
Tags: Market Trends · News · Videos
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Harrisonburg Hosting Annual Holiday Parade and Lego League Competition
November 24th, 2009 by Lisa Oates · No Comments
Harrisonburg is scheduled to host the largest-ever FIRST (For Inspiration and Recognition of Science and Technology) Lego® League competition on December 5th and 6th. The challenge is for kids in the Lego® League to build a robot for the “Smart Move” Challenge. This competition will be held at JMU’s Memorial Hall.
Children from ages nine to [...]
Tags: Events
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Harrisonburg and Rockingham County Home Sales: A Month-to-Month Overview
November 23rd, 2009 by Lisa Oates · 1 Comment
I came across an interesting article about national home sales rising to the highest level in 2.5 years (via MSNBC), so to bring it “home,” decided to study the local market home sales, and how they’ve changed over the past year from month to month.
You’ll notice I included data from November 2009, which obviously has [...]
Tags: Market Trends
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Sales Trends for Harrisonburg and Rockingham County
November 19th, 2009 by Lisa Oates · 1 Comment
It is always interesting to see the sales trends over time for any particular area. Below is a simple and basic chart showing the median sales prices for residential homes (single family homes and townhomes) for a variety of towns in our area, including Harrisonburg, from 2006 to present day.
You’ll notice that Penn Laird has [...]
Tags: Market Trends
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Local Businessman Named Entrepreneur of the Year
November 16th, 2009 by Lisa Oates · 1 Comment
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 helped change the way the world [...]
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Living in a College Town Costs Less!
November 12th, 2009 by Lisa Oates · 1 Comment
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 towns around the nation have [...]
Tags: Places · Relocation
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Homeowners Facing Foreclosure Can Stay in Their Homes
November 10th, 2009 by Lisa Oates · No Comments
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:
Participating borrowers voluntarily transfer their property [...]
Tags: News
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Harrisonburg Area Real Estate Market Report: October 2009
November 10th, 2009 by Lisa Oates · No Comments
Tags: Market Trends
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Extended Home Buyer Tax Credit: Signed, Sealed, Delivered
November 9th, 2009 by Lisa Oates · 2 Comments
President Obama signed the extended home buyer tax credit bill on Friday. So, what does this mean? How does it work?
We’ve already gone over some of the major changes to the credit, but here they are again:
Both first-timers and existing homeowners would be able to take advantage of the expanded program through the end of [...]
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The New Tax Credit Passed By Congress With Flying Colors!
November 6th, 2009 by Lisa Oates · No Comments
Yesterday, we posted some news about the first time home buyer tax credit being extended until April, along with some changes to the credit, including allowing existing homeowners $6,500 towards their purchase of a “move-up” home. (Note: There are more details to this new bill, so if you are interested, be sure to read up [...]
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