Either The First Time Buyer Tax Credit Is Working, Or The Harrisonburg and Rockingham County Real Estate Market Is Improving, Or Both!??!


Either The First Time Buyer Tax Credit Is Working, Or The Harrisonburg and Rockingham County Real Estate Market Is Improving, Or Both!??!
By Scott Rogers • October 24, 2009
For the past three years (2006, 2007, 2008) we have seen a decline in the number of home sales in the 3rd Quarter (July, August, September) as compared to the 2nd Quarter (April, May, June). These "seasonal" declines were 8%, 8% and 1% respectively. This year, we saw a 15% INCREASE in sales in the 3rd Quarter as compared to the 2nd Quarter. As stated, above, I have to conclude that either the First Time Buyer Tax Credit is working (creating more sales as we near the tax credit deadline), or our local real estate market is improving. Or, I suppose, both could be occuring --- either independently, or as cause and effect. If the tax credit is extended or expanded, I hypothesize that we'll continue to see an improving local market. If the tax credit is not extended nor expanded, we'll then perhaps be able to determine whether the 2009-Q3 home sale extravaganza was related to the tax credit, or an improving market. Stay tuned! Receive Updates by Email Recent Articles: What To Do When Comparable Sales Tell Two Very Different Stories I Would Not Be Disappointed To Miss Out On This House If Someone Wants To Pay That Price Home Sales, Contracts, Off To A Slightly Slower Start In January 2025 One Final Home Improvement To Complete The Overall Impression Your House Offers Pricing Your Home With A Very Old Roof With Few Homes On The Market We Should Go Look At Homes That Seem Close To Ideal Just Because LOTS Of New Listings Will Be Coming In March Does Not Mean You Need To Wait Until March To List Your Home An Early Look At January 2025 Contract Activity Site Work Has Begun For Townhouses, Apartments On Corner Of North Main Street, Mount Clinton Pike Construction Underway On Valley View Village Apartments On Reservoir Street
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 Feb 16, 2025 (unless otherwise noted).
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