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

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

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

SHOULD I BUY NOW OR WAIT?

Should I Buy Now or Wait? This is a short and right to the point summary of why it makes great sense to buy that first house now or sell, and make that move up buy now. If the house you want costs $250,000 now, waiting a year will cost Read More

SALES AT HIGHEST PACE IN 9 YEARS

Sales at highest pace in 9 years, prices up, inventory down, interest rates low, what could be better for the real estate market? Like the fellow says, every silver lining has a cloud or two. At the risk of being like the proverbial skunk at a garden party, here is 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

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