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Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.

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Immigration


Get some insight into Harrisonburg's demographics...

From two articles from this past Monday's (7/7/2008) Daily News Record...
 
City No. 2 In Foreign-born

Of all of Virginia's metro areas, Harrisonburg ranks #2 for its percentage (9%) of foreigh-born residents, following Washington/Arlington/Alexandria (20%) and followed by Charlottesville (6%), Richmond (6%), Virginia Beach (6%), and Winchester (6%).   [ read the article ]
 
Schools Eye Classes in English, Spanish

The Harrisonburg City School Board discussed adding a "dual-immersion" program whereby "Spanish-speaking students and native English speakers would be taught in the same classroom, with half the class in one language and the other half in another."   [ read the article ]
 

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The Effect of Immigrant Buyers
National Public RadioNPR's All Things Considered ran an interesting story today about immigrant buyers.

Per the story (listen here) . . .
  • 12% of the U.S. population is foreign born.
  • An increasing share of first time buyers are immigrants.
  • In 2005, 10% of all homeowners were immigrants.
  • In 2005, 18% of first-time home buyers over the previous four years were immigrants.
Additionally, some lenders offer loan programs to residents without social secuirty numbers. 


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