Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well!


Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well!
By Scott Rogers • December 12, 2024
It's easy to think, or say, that interest rates and home prices are the largest or main factors affecting whether sellers sell and buyers buy. But... sometimes life events or life changes eclipse the impact of interest rates and home prices. You are a new grandparent and you want to spend more time with your new grandbaby who lives eight hours away? I'm not at all surprised that you plan to sell your home and move. You have a new job opportunity with an exciting company in a city three hours away? I'm not at all surprised that you plan to sell your home and move. You are retiring in northern Virginia and your two kids both went to JMU and still live in Harrisonburg? I'm not at all surprised that you plan to sell your current home and move to Harrisonburg. There are lots and lots of life events or life changes that can cause a homeowner to all of a sudden be ready to sell... or can cause someone to all of a sudden be ready to buy. These buyers and sellers that became such because of life events will still stop and consider interest rates and home prices... but the life event is typically what will actually cause them to decide to make a move. Receive Updates by Email Recent Articles: 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 In Which Room Or Rooms Do You Spend Most Of Your Time? An Early Look At November Home Sales! All The Right Spaces In All The Wrong Places Do Not Be Surprised If You Have Lots Of Showings Of Your Home. Do Not Be Surprised If You Do Not Have Very Many Offers. How Many Homes Are Going Under Contract Within Three Days, These Days? The Growing Impact Of New Home Sales In Harrisonburg, Rockingham County
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 18, 2024 (unless otherwise noted).
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