Funkhouser Report - Blog - Funkhouser Report - Real Estate News in the Shenandoah Valley of Virginia

Funkhouser Report Weekly - November 27, 2020

11/28/2020

The real estate market in the Shenandoah Valley is strong as we enter December! There is still time to purchase a new home for holidays and take advantage of the historic low interest rates.

This week we take a deeper look at the cost of housing this year vs last year. Home prices across the Valley have increased between 10% and 14%. Does this mean you will be paying that much more? No. Interest rates are nearly 1% less than last year, creating potential savings and more affordable housing. We looked at the median price in each market calculated the difference year over year.