Just In Time, The Shenandoah Valley Economy Recovers!


Just In Time, The Shenandoah Valley Economy Recovers!
By Scott Rogers • October 20, 2009
I discovered today that the Harrisonburg and Rockingham County economy is in recovery! According to the data above, Harrisonburg is in "Recovery" --- though that includes a drop in employment, a drop in housing starts, and a drop in industrial production. Data apparently wasn't available for housing prices, so I'll fill in the blank: median sales prices have decreased by 4% over the past year in Harrisonburg and Rockingham County. So.....does this sound like recovery to you? Dr. Rosser sheds some light on a property perspective in his comment at hburgnews.... "...we are now doing better than most other places, even if it may not feel all that great. The story is correct, and that it does not feel all that great here is just a reminder of how bad it is in so many other places." I have to agree -- we're in a lot better spot than most other areas of Virginia and the U.S., though we still have progress to make before we see those metrics increasing again. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
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 Nov 21, 2024 (unless otherwise noted).
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