Low Unemployment, Low Foreclosure Rates in the Valley!

This morning’s edition of the Daily News-Record ran a story reporting that the unemployment rate in the Harrisonburg-Rockingham area has dropped to 3.5%, which is down from 4.2% a month earlier. More good news on the stability of our local economy can be found on this very cool web resource provided by the Federal Reserve Bank of New York. (Thanks to JoDee Lambert of StellarOne Mortgage in Harrisonburg — she sent this to me earlier today in an email.) You can find the foreclosure rate for almost every city and county in the country on this map. Here are the rates for some nearby localities:

Augusta County, 0.87%

Staunton, 2.64%

Waynesboro, 1.23%

Shenandoah County, 1.62%

Page County, 1.58%

Rockingham County, 0.53%

Harrisonburg, 0.77%

The rates for Rockingham County and Harrisonburg (especially the county) are among the lowest in Virginia — and the nation. This is great news for local property owners, and for our local economy in general!

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