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

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

MORTGAGE MYTHS

For the good and bad of it (and there is both a bad and good side to this), home mortgages require only 3% down and as low as a 580 FICO score to qualify. Great news for credit worthy but cash starved buyers; maybe bad news for the health of Read More

HOME OWNERSHIP MAKES SENSE

Owning A Home Makes Sense Financially Home ownership still makes a lot of sense financially, for the reasons enumerated below. Why might buying a home not make sense at the present time? Only one reason – that is if home prices were to decline, like they did from 2006/7 up Read More

HOUSING PRICES, STILL UP OR NOT?

  Are housing prices still on the way up or are we headed for a correction? One more supporting piece of data that says the right time to make that first buy or move up buy is now. However, I would feel a lot better if two of the predictors Read More

FORECLOSURES DOWN, BUY NOW

Bottom line, foreclosures are down, way way down as are the numbers of people who are seriously delinquent in their mortgages. So what you say? Well this is another reason to buy that first house now or to make that move up buy. Our area had a HUGE HANGOVER of Read More

HOUSING MARKET SNAPSHOT

Housing Market Snapshot is kind of like what a wise man once said; none of us has a crystal ball, but we do have he next best thing – AND THAT IS DATA. Lots of data here about the housing market. All of it positive. + Home prices expected to rise Read More

HOUSING BUBBLE ANYONE?

HOUSING BUBBLE, ARE WE HEADING FOR ANOTHER ONE OR NOT? This question is being asked with more force and frequency recently. Of course, no one really knows the answer because none of us has a crystal ball. However we do have data and that is the next best thing. Warren Read More

MOVE UP BUYER, DO IT NOW

Move Up Buyers in Chester and Delaware Counties, make that move now. Homes Continue to Sell Quickly Nationwide, How About Here? As has been the case for the last several years, our area (Chesco and Delco) continue to trail the pace at which the national home sales market is improving. Read More

HOME OWNERSHIP INCREASES NET WORTH BY A LOT

ANOTHER INTERESTING LOOK AT FAMILY NET WORTH, DEPENDING ON WHETHER THE FAMILY IS BUYING OR RENTING. BUYERS/HOMEOWNERS HAVE A BUILT IN ADVANTAGE IN THAT INCREASES IN THEIR HOUSE VALUE TRANSLATE TO INCREASED NET WORTH. INCREASES IN RENTAL PROPERTY VALUES ALSO TRANSLATE INTO INCREASED NET WORTH, BUT ONLY FOR THE LANDLORD. Read More