January began the new decade with indications that the economy is beginning to gain traction. Real GDP grew by 2.2 percent in the third quarter of 2009 and preliminary signals point to a continued positive trend for the following quarter. GDP is a measure of total products and services produced by a country and indicates [...]
Continue reading about National Real Estate Outlook: February 2010
December closed out the year with further indications of a budding recovery, illustrating we’ve come far from the pessimistic outlook this time last year. Soft home prices, affordable financing conditions as well as the government’s tax break targeted at the housing market have contributed to providing the much needed boost to the housing market. Solid [...]
Continue reading about National Real Estate Outlook for January 2010
Small steps to economic recovery continued last month. Among the positive readings was the report of a third quarter GDP growth rate of 2.8 percent, which followed four consecutive quarterly declines. This advance comes in well ahead of that of our Canadian neighbors, whose economy was once anticipated to be the first country out of [...]
Highlights:
Mortgage rates down from 6.5% last year at this time to 5.25%
Affordability index down to 16%
Homes sales up a whopping 17% from last month
Home prices up another 3.6%
Buyer mortgage tips on making the most of this Buyers market
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Continue reading about This month in Real Estate – August 2009
Median Home price rose 3.8% in April and May
This is the largest monthly increase in over a year
Number of homes sold also rose 2.4%
Tips on getting the most money for your house from HGTV personality Kendra Todd
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Continue reading about This Month In Real Estate – July 2009
This is some good news, finally about the real estate market. My opinion is that we still have some distance to go – whether that is 6 months, 1 year or several, we are not completely out of the woods. Based on my observations, I do feel that our local market has hit a flat [...]
Continue reading about Existings Home Sales Rise, sign of healing…
How many of you know exactly what Home Mortgage rates are doing right now and where the experts think they are heading? If you are planning on refinancing, selling a home or buying a home, this is one VERY important piece of information that you should get daily updates on.
Who has time for that you [...]
I found this article today on Bloomberg that said that home prices dropped nationally by 6.8% in April. REMEMBER – real estate is LOCAL, not national, so this report needs to be taken with that in perspective. It certainly speaks to our overall economy. Yet another factor, that I wrote about, is that activity or [...]
Continue reading about Home sale prices drop nationally in April, but what about Chester County?
The following was taken from an article written by Sanford Nax of the Fresno Bee in California. It gives some great information about short sales and want to share it with you. I have a few comments following the article.
“The number of troubled homeowners able to sell their houses for less than their debt on [...]
Continue reading about What is a “Short Sale” & should I purchase one?
I saw this article referenced on Twitter and thought it provides some interesting points. Even more interesting was this map showing job loss or growth. I like to focus on positive things, but sometimes it is important to deal with reality. As you can see, the job market and economy in the Mid-atlantic region has [...]
