Today’s edition of the Daily News Record included a notice that a large portion of the Harrisonburg Crossing Shopping Center is in foreclosure proceedings. With more than 500,000 square feet, the popular retail site is home to Barnes & Noble, Staples, Wal-Mart, and many other stores and restaurants. (In June...
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Details on Obama’s $75 Billion Loan Modification Plan
There is a lot of confusing information floating around about the President’s plan to modify home mortgages — especially regarding who qualifies, when and how the assistance will be available, and its duration. The Treasury Department has launched a website, FinancialStability.gov, that spells out everything. Click on the link for...
New and Improved Tax Credit for Buying a Home
In 2008, Congress passed a law that offered a tax credit of $7,500 to anyone who purchases a home for the first time, up until June 30, 2009. Tax credits are better than deductions. Generally speaking, if you are entitled to a tax credit, you get the full amount, even...
How to Find Info on Foreclosures Online
The Harrisonburg area has blessedly few foreclosures. (Check out this previous post with a cool map showing foreclosure rates in every city and county in the U.S.) However, if you are interested in hunting for a deal on a property in foreclosure, here is a great post on one of...
January Real Estate Market Report
Home sales were down significantly in January compared to the previous year. Here are the numbers: January 2008: 52 January 2009: 36 That’s a plunge of 30.7% in the Harrisonburg area. Is the sky falling? I don’t think so. January’s sales reflect contracts written in November and December — which...
Harrisonburg Area Unemployment at 4.3%
News broke this morning that national unemployment hit 7.6%, as the economy lost nearly 600,000 jobs in January. The situation is significantly better in the Harrisonburg area, where the unemployment rate is 4.3%. According to this table provided by the Bureau of Labor Statistics, our area is ranked #33 out...