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The Week In Review |
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Weekly Residential Market Report Week Ending September 25, 2009 BRIEF ANALYSIS New Listings were once again below the yearly averge for the third week in a row. Under Contracts were also below yearly average this week. Here are the numbers for this week:  Current Properties Available on the Market: 914 Current Properties Under Contract/Pending:151 Average Listings During A Week in 2009: 35 Average Under Contract A Week in 2009: 18 Average Sold A Week in 2009: 15 | |
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The Week In Review |
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Weekly Residential Market Report Week Ending September 18, 2009 BRIEF ANALYSIS New listings are down this week and the yearly trend line has now shifted to a negative slope! This is good news for equality in supply and demand. This week was one of the most level markets conditions we have seen this year with 23 new listing and 23 under contracts. Here are the numbers for this week:  Current Properties Available on the Market: 921 Current Properties Under Contract/Pending:155 Average Listings During A Week in 2009: 36 Average Under Contract A Week in 2009: 18 Average Sold A Week in 2009: 15 | |
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30 Year Fixed Rate Hits Lowest Level Since May |
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According to data released this morning by Freddie Mac, the 30 year fixed rate mortgage has fallen to the lowest level since May 28. The current rate is 5.04% with a .7% point. Historically low interest rates means now is a great time to buy a home! | |
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Will Housing Sales Fall As The Season Does? |
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Step outside and enjoy the Fall season! Low humidity, leaves changing colors, preparing for tailgate parties, kids back in school....so many reasons to love this time of the year! But, what does the season mean for housing sales? Before we get to what historical numbers tell us, lets look at why this year may show stronger than normal sales numbers: 1) The $8,000 Federal First-Time Home Buyer Tax Credit expires the last day of November. 2) Historically low interest rates. 3) Access to many financing programs for today's buyer. 4) Large invetory of homes allowing buyers room to negotiate in most cases. The combination of these buying incentives have not existed in the past. Today's buyers should be in the market and taking advantage of these rare conditions. These factors should lead to strong sales throughout the Fall season. Historic numbers would suggest this will not be the case. Since 2005, sales have dropped on average nearly 3% between the 2nd and 3rd quarters and nearly 27% between the 3rd and 4th quarters. These numbers indicate this Fall will push sales to the lowest numbers we have seen in many years. Will the advantages of today's buyer's market overcome historical data? What do you think? Stay tuned for sales data as we 'Fall' into the seasonal market.  Source: Harrisonburg-Rockingham Association of Realtors Multiple Listing Service. This information is believe to be accurate, but cannot be guaranteed. | |
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The Week In Review |
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Weekly Residential Market Report Week Ending September 11, 2009 BRIEF ANALYSIS A slightly slower week as new listings, under contracts and solds dipped below the yearly average. Now that football season is here and kids are back to school, it will be interesting to track market activity as we head into the fall season. Check back this week as we write about the history of the local housing market during the fall season. Here are the numbers for this week:  Current Properties Available on the Market: 928 Current Properties Under Contract/Pending:148 Average Listings During A Week in 2009: 36 Average Under Contract A Week in 2009: 18 Average Sold A Week in 2009: 16 | |
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City's First 'Green Roof' |
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Today's Daily News Record featured an article on the 'Green Roof' at Urban Exchange. Urban Exchange is a residential and commercial development located in historic downtown Harrisonburg. It features two buildings, each with four floors of residential space for lease. Coldwell Banker Commercial Funkhouser Realtors is offering the residential and commercial space for lease. | |
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The Week In Review |
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Weekly Residential Market Report Week Ending September 4, 2009 BRIEF ANALYSIS Score one for the supply side this week. New Listings jumped up 43% this week to a level not seen since the spring market. Homes going under contract decreased 10% since last week. Again, proof in the numbers that this is a great market for buyers in so many ways. If you are thinking about purchasing a home or investment property, now may be the right time for you. Here are the numbers for this week:  Current Properties Available on the Market: 917 Current Properties Under Contract/Pending:147 Average Listings During A Week in 2009: 36 Average Under Contract A Week in 2009: 18 Average Sold A Week in 2009: 16 | |
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New Zoning Ordinance Proposal in Bridgewater, VA |
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Bridgewater may see changes to its zoning ordinance soon that will limit the number of people allowed in a single-family home. The ordinane will allow for 3.1 people per bedroom according to the Daily News Record. | |
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Betting On The Market To Fail? (Part Two) |
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Many real estate markets over the past several years saw a dramatic decline in housing prices (the Harrisonburg area was not one of them). Many families wealth dramatically declined due to the loss of equity in their home and the investments they made in the financial markets. | |
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Homesearch Interface for iPhone |
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Coldwell Banker Was the First to Launch A Real Estate App for the iPhone In addition, consumers will be able to enter specific search criteria such as city, state, price as well as optional filters including number of bedrooms and bathrooms. When a property is selected, iPhone users can view all of the specifications for that home and contact an agent directly. Earlier this year Coldwell Banker became the first national real estate brand to put its listings on in-car GPS devices through an exclusive feed to Dash Navigation. Drivers can now call up Coldwell Banker listings, map them, get directions and view other Coldwell Banker listings in close proximity. | |
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Coldwell Banker Funkhouser Realtors
Coldwell Banker
Funkhouser Realtors
- Contact Us -
info@cbfunkhouser.com
Licensed in the
Commonwealth of Virginia
