About One In Six Home Purchases Are Cash Purchases In Harrisonburg, Rockingham County


About One In Six Home Purchases Are Cash Purchases In Harrisonburg, Rockingham County
By Scott Rogers • December 27, 2024
How many buyers do you think paid cash for the homes they purchased in Harrisonburg and Rockingham County over the past year? As shown above, about 1 in 6 buyers paid cash for homes in Harrisonburg and Rockingham County over the past year, per the HRAR MLS. These cash buyer might fit into a variety of customer categories... 1. Buyers who have built up equity in their homes over many years and thus are able to pay for that next house with cash rather than with a mortgage. 2. Buyers who are moving from a more expensive home market, who sold a home with some equity, which provided enough cash to purchase a home in the Harrisonburg market with cash. 3. Investor buyers who are paying cash to purchase a rental property. Receive Updates by Email Recent Articles: Virginia Home Prices Rising A Bit More Quickly Than Harrisonburg, Rockingham County Inventory Levels Are Likely To Continue To Decline For The Next Few Months Mortgage Interest Rates Headed Down For Christmas? Buying A New Construction Townhouse Requires A Bit Of Planning Should We Call An Almost Bedroom A Bedroom? November Home Sales Surge with 12% Year Over Year Growth and 5% Increase in Median Price Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well! In Which Room Or Rooms Do You Spend Most Of Your Time? An Early Look At November Home Sales!
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Dec 29, 2024 (unless otherwise noted).
Comments (0) or Subscribe