OWNING A HOME REALLY HELPS WITH TAXES

Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way Read More

CHECK THIS OUT, MORTGAGES ARE GETTING EASIER

NOW THIS IS NEWS!!!!! Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are Read More

BUY NOW OR PAY MORE LATER

BUY NOW OR PAY MORE LATER Here is how the recent changes in mortgage interest rates would have affected the principal and interest payment for a typical starter home of $350,000.   October, 2016, Interest Rate of 3.6%, Monthly P & I Payment = $1,432 December 2016, Actual Interest Rate Read More

REAL ESTATE MARKET IS BACK AND HEALTHY

REAL ESTATE MARKET IS BACK These data are an excellent portrayal of the national picture in real estate. Most also apply to our situation in Delaware, Chester and Montgomery counties. Specifically, sales are up, credit is readily available, distressed property sales are way down and, biggest of all, interest rates Read More

GET THE BEST PRICE FOR YOUR HOUSE

As stated below, it is critically important to use a Realtor when you are selling your home, if you want the best price and a quick sale. However, realtors are very different in their capabilities and processes, both of which impact on the service they provide. Before you select your Read More

SELL AND MOVE UP NOW!!! FIVE REASONS WHY!!!

The below article reflects the national perspective for making that move up buy to the house your really want now. And, all of the below reasons for selling now also apply to our area because there is less than 6 months of inventory.For the past couple of years, we have Read More

SUPPLY AND DEMAND IN HOUSING

Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply Read More

HOUSE PRICE BUBBLE ?????

House Price Bubble, Not Right Now These data are more compelling data points that home prices are not getting us back into bubble range. I agree with the argument FOR THE TIME BEING!!!!. What I mean by that is this. Essentially, home mortgage lending is a federal government monopoly. Almost Read More