The Fed today would do well to consider the wisdom of Wayne Gretzky. Mortgage rates fell on the day Silicon Valley Bank went bankrupt. In times of panic, financial market investors seek out the safest asset. Nothing is more secure than U.S. government bonds; they will be paid. There are, however, interest rate risks that …
Tag: Real Estate
Jan 19
Good Time for Investors to Unload
As rental rates slow, owners may consider returning inventory to the market. Real estate investors have done well. Rents have risen and home price appreciation has been quite exceptional. In the past three years, the typical rental rate and typical home price have soared by 16.4% and 35.5%, respectively. Over the past five years, those …
Jan 19
Jersey Shore Home – 1229 Pleasure Ave #1, Ocean City, NJ. 08226
1229 Pleasure Ave #1, Ocean City, NJ. 08226 Listing courtesy of Maureen Schneider – BHHS FOX and ROACH-West Ave OC 3 Beds2 Baths Description about this home for sale at 1229 Pleasure Ave #1, Ocean City, NJ. 08226 Bright and airy 1st floor condo tucked away on Pleasure Avenue. With peeks of the bay this …
Jan 18
Broomall / Delco Home – 63 James Road, Broomall, PA. 19008
63 James Road, Broomall, PA. 19008 Listing courtesy of Michael D’adamo – RE/MAX Preferred – Newtown Square $625,000 Est. Mortgage $4,203/mo*3 Beds2 Baths1692 sq ft Description about this home for sale at 63 James Road, Broomall, PA. 19008 Experience single-floor luxury at its finest in this stunningly renovated ranch home, located in one of Broomall’s …
Jan 18
NAR Economist: ‘Housing Recession Is Over’
Contract signings picked up the pace last month, and home buyers are increasingly facing multiple offer situations. NAR releases its housing forecast for the remainder of the year and 2024. Pending home sales rose slightly in June, and the latest indicators are showing a housing market on the mend. Median existing-home sales prices in June …
Jan 17
New, Existing Home Supplies Diverge
Homebuilders are providing options buyers can’t find in the existing-home sales market. Newly built homes account for a small share of the home sales market, generally around 10%. But builders have grown that percentage this year and will make further gains in 2024. Even with higher mortgage rates, new-home sales are rising because builders are …
Jan 17
Delco / Delaware County Home – 2210 Sproul Road, Broomall, PA. 19008
2210 Sproul Road, Broomall, PA. 19008 Listing courtesy of David Joslin – Century 21 Advantage Gold – Newtown Square $360,000 Est. Mortgage $2,412/mo*3 Beds1 bath Description about this home for sale at 2210 Sproul Road, Broomall, PA. 19008 Location and potential. This classic Broomall Ranch is being offered as-is to an owner with vision, who …
Jan 16
Jersey Shore Vacation Home – 18 Roosevelt Blvd. Ocean City, NJ. 08226
18 Roosevelt Blvd. Ocean City, NJ. 08226 Listing courtesy of Nicole Presnall – BHHS FOX and ROACH-Simpson OC $850,000 Est. Mortgage $5,167/mo*3 Beds1 Bath Description about this home for sale at 18 Roosevelt Blvd. Ocean City, NJ. 08226 Welcome to your dream home! This meticulously renovated 3-bedroom, 1-bath rancher is a true gem, offering modern …
Jan 16
Mortgage Rates Cool Off, Settle in 6% Range
Borrowing costs have fallen over the last two months. Mortgage rates are ringing in the new year much lower than their near-8% peak this past fall. The 30-year fixed-rate mortgage has decreased for the past nine weeks, though breaking for a slight uptick this week to reach 6.62%, Freddie Mac reports. “The overall trajectory of …
Jan 15
Web Battles Raise Uncertainties
Privacy, accessibility, pay-to-play—engaging home buyers and sellers online is getting complicated. The World Wide Web is no longer the Wild West. Changing rules on data privacy, accessibility for disabled people, and net neutrality are throwing hurdles in your efforts to reach customers online. In May, a European Union law took effect that is changing what’s …
Jan 15
Broomall / Delco Home – 617 Williamsburg Dr. Broomall, PA. 19008
617 Williamsburg Dr. Broomall, PA. 19008 Listing courtesy of Michael Mckee – Long & Foster Real Estate, Inc. $625,000 Est. Mortgage $4,122/mo* 5 Beds3 Baths2855 Sq. Ft. Description on this home for sale at 617 Williamsburg Dr. Broomall, PA. 19008 Welcome to 617 Williamsburg Drive in the community of Marple Summit. Highlights of this charming, …
Jan 12
Delco / Delaware County PA Home – 1279 Cedar Grove Rd, Broomall, PA. 19008
1279 Cedar Grove Rd, Broomall, PA. 19008 Listing courtesy of Warren Miller – Compass RE $575,000 Est. Mortgage $3,855/mo*3 Beds2 Baths2732 Sq. Ft. Description about this home for sale at 1279 Cedar Grove Rd, Broomall, PA. 19008 Nestled on a sprawling nearly 1.5-acre wooded lot, this raised ranch home offers a serene retreat from the …
