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

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

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

RENT OR OWN, YOU PAY A MORTGAGE

Rent or Own, You Pay a Mortgage. Have written about this topic frequently in the past. This is another nice summary of the reasons to get into a home of your own and build your net worth instead of the landlord. There are some people that have not purchased a 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