Housing Contracts...but is that a verb or a noun?


Housing Contracts...but is that a verb or a noun?
By Scott Rogers • June 14, 2011
Today's Daily News Record is correct -- in more ways that one. The housing market has indeed contracted (verb) as home sales and prices have declined in recent months. However, further analysis of the current market reveals that Housing CONTRACTS (noun) are the more exciting part of this storyline. It was Carey Keyes that made the exciting discovery today....last June 54 contracts were written during the entire month. But in the first 14 days of this June, there have already been 51 contracts! If we project out until the end of June, here's how last June and this June would compare.... OK, OK, I realize this is extrapolating from June 1 - 14 data....so for those of you who only want to deal with actual data (not projections), let's look at the total number of contracts written thus far this year (Jan 1 - June 14) as compared to last year during the same time period)..... So, it turns out that there might still be hope for 2011 to be the year that the housing market stabilized in Harrisonburg and Rockingham County. 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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