It seems the Federal Reserve has hit upon a plan that will actually work. Yesterday, based on the news that the Fed will buy $600 Billion of bad loans from banks (as opposed to bank stock) mortgae rates dropped from a national average of 6.38% to 5.5%! This is a monumental drop in rates that will no doubt spur activity in the housing market. If you are interested in more detail, check out this article from Bloomberg News....
Locally, rates in the Shenandoah Valley are wonderfully low, making this an even better time to buy a home. Low prices, lots of inventory (which means lots of choices for buyers!) and fantastic rates like 5.625% at BB&T, according to local lender Peggy Halbrook, should be very encouraging to anyone looking to buy a home in Harrisonburg or Rockingham County. According to Peggy, "Rates have dropped to the upper 5% range, and 100% financing is available at a 5.75%" making this a great time to "make your move" on a new home.
If you are one of those folks looking for a home, this long holiday weekend will be a great time to do some shopping. Happy house hunting, and a very happy Thanksgiving to all!
Posted Wednesday, November 26, 2008 by
Karl Waizecker
Comments
(0)
Posted Thursday, November 20, 2008 by
Chris Rooker
When moving to a new area, it is sometimes difficult for folks to get "plugged in." Finding a home is key, but there are other things to consider as well, like finding a job, finding the right neighborhood to live in, finding schools for your children, and of course, finding entertainment, shopping, and restaurants to suit your lifestyle!
My real estate team, The Harrisonburg Homes Team, specializes in relocation services for our clients. We have spent a lot of time putting together a quality guide for those relocating to the Harrisonburg and Rockingham County area. You can read the online guide here.
Harrisonburg real estate is in recovery mode. In 2005, the local real estate market, like many other markets across the nation, was booming. Homes literally sat on the market for a day before going under contract! Since then, the Harrisonburg real estate market has gone into "recession" and is now recovering. Sometime in the (hopefully) not so distant future, this market will be booming again...
So if you are relocating to this area, call our team. We'd love to help you find the perfect home in the perfect location for you. And if you've already moved here, welcome to Harrisonburg!
My real estate team, The Harrisonburg Homes Team, specializes in relocation services for our clients. We have spent a lot of time putting together a quality guide for those relocating to the Harrisonburg and Rockingham County area. You can read the online guide here.
Harrisonburg real estate is in recovery mode. In 2005, the local real estate market, like many other markets across the nation, was booming. Homes literally sat on the market for a day before going under contract! Since then, the Harrisonburg real estate market has gone into "recession" and is now recovering. Sometime in the (hopefully) not so distant future, this market will be booming again...
So if you are relocating to this area, call our team. We'd love to help you find the perfect home in the perfect location for you. And if you've already moved here, welcome to Harrisonburg!
Posted Thursday, November 6, 2008 by
Karl Waizecker
It can be difficult to sift through all of the information coming at us each day to get the facts most important to us. One of the best ways to zero in on what's going on with real estate in Harrisonburg and Rockingham County as well as information on our local economy is a great new website full of accurate, local information.
TheFactsStartHere.com has been created to separate the local information about economics in the Shenandoah Valley from the national news, and is populated with information from local media as well as statistics provided by the Harrisonburg-Rockingham Association of REALTORS and the Shenandoah Valley Builder's Association - local information supplied by local folks.
Harrisonburg and Rockingham County typically have a more stable economy than other parts of Virginia or the nation due to great job creation, low unemployment and a strong collection of both technology and manufacturing companies.
Check out the website, and when you have specific questions about our local economy or Shenadoah Valley real estate give us a call. We're always glad to be of service!
TheFactsStartHere.com has been created to separate the local information about economics in the Shenandoah Valley from the national news, and is populated with information from local media as well as statistics provided by the Harrisonburg-Rockingham Association of REALTORS and the Shenandoah Valley Builder's Association - local information supplied by local folks.
Harrisonburg and Rockingham County typically have a more stable economy than other parts of Virginia or the nation due to great job creation, low unemployment and a strong collection of both technology and manufacturing companies.
Check out the website, and when you have specific questions about our local economy or Shenadoah Valley real estate give us a call. We're always glad to be of service!
Posted Monday, September 22, 2008 by
Chris Rooker
This is my first blog post here on the new Kline May blog. Although I have been blogging for a few years now, it is always exciting to post a fresh entry to a brand new blog. I think of new things to come, great beginnings and opportunities... sort of like the first day of school each year. Something amazing is going to happen with this blog, and I'm proud to be a part of it!
I'll typically be posting about Harrisonburg market trends, current listings, why you should work with Kline May in your real estate needs, and will also be adding photos and videos along the way. My real estate team (The Harrisonburg Homes Team) works hard to provide our clients with quality relocation services, too, so I'll be writing about events and new restaurants, shops, etc. in the Harrisonburg area as well.
So stay tuned for future blog posts by me, my team, and others at Kline May Realty! We look forward to serving you with your real estate needs...
I'll typically be posting about Harrisonburg market trends, current listings, why you should work with Kline May in your real estate needs, and will also be adding photos and videos along the way. My real estate team (The Harrisonburg Homes Team) works hard to provide our clients with quality relocation services, too, so I'll be writing about events and new restaurants, shops, etc. in the Harrisonburg area as well.
So stay tuned for future blog posts by me, my team, and others at Kline May Realty! We look forward to serving you with your real estate needs...
Posted Thursday, July 3, 2008 by
Karl Waizecker
Kline May Realty is pleased to announce gret progress is being made in the development of a new website which will bring great value to folks looking for real estate in Harrisonburg and Rockingham County.
www.HarrisonburgOpenHouse.com will offer detailed information and multiple photos of all of the homes we are holding open each Sunday, giving home buyers a chance to learn far more about the home thatn they would from a small photo in the newspaper.
Visitors to the site will see all of the Open Houses listed together, and will be able to get a full information sheet on the home, additional photos of the home, and a map to the home - all by simply clicking an icon beneath the home;s photo.
We expect the site to be up an running by the middle of July...stay tuned for more information!
Karl Waizecker
General Manager
Kline May Realty
