Tom's Blog

October 2010 - Posts

• Existing home sales jump 10% in September.

  Sales of previously occupied homes jumped 10% in September, which marked the biggest monthly gain in 28 years, according to MSNBC.com . The monthly gain was bigger than expected, indicating the housing market is stabilizing at weaker levels. This was Read More... Posted Monday, October 25, 2010 10:04 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, For Sale, Announcements, Industry, Community Information

• Unemployment rate drops in 23 states during September.

  According the the Associated Press and MSNBC.com , unemployment dropped in 23 states and Washington D.C. However, the unemployment rate rose in 11 states and remained unchanged in 16 per Labor Department statistics. The declines were nearly double the Read More... Posted Friday, October 22, 2010 1:09 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Industry, Finances, Community Information

• Americans still believe buying a home is a good financial decision.

  According to the National Association of Realtors' housing opportunity pulse survey, nearly eight out of ten respondents believe buying a home is a good financial decision, despite the ongoing challenges with the housing market and economy. The survey Read More... Posted Monday, October 18, 2010 3:22 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, For Sale, Industry, Buyer Information, Seller Information

• Housing glut blamed on drop in people forming households.

  According to Philly.com and the Census Bureau, U.S. household formations are at their lowest since 1947. Many feel this is helping to keep the supply of unsold homes at near-record levels nationwide, even thought relatively few homes are being added to Read More... Posted Wednesday, October 13, 2010 11:16 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Buyer Information, Seller Information, Community Information

• Bank of America halts all foreclosure sales.

  According to CNNMoney.com , Bank of America is halting foreclosure sales in all 50 states as part of a widening investigation into the flaws in the foreclosure process. This announcement comes a week after BOA froze home foreclosures in the 23 states Read More... Posted Friday, October 08, 2010 1:57 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Events, Industry, Buyer Information, Seller Information

• Just listed! 256 Torrey Pine Court in West Chester!

  Beautiful end unit carriage home in Whiteland Woods is being offered at $374,900! Located on a premium lot and backs to wood! Nearly 2,500 SF. Address is 256 Torrey Pine Court, West Chester, PA 19380. Check out my Featured Listings section for pictures Read More... Posted Thursday, October 07, 2010 11:21 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, For Sale, Announcements, Finances, Buyer Information