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News, trends, and my opinion about the local real estate market in the Greater Philadelphia area.
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Thinking about buying and a home on the cheap and flipping it for big profits? That dream is all but dead as sales of homes to investors have dropped by more than half over the past five years, according to CNNMoney.com . Plus, the number of those investors Read More...
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Many people do not know that short sales stand a much better chance of approval as oppossed to a loan modification. However, there are a variation of outcomes that can occur. Mainly, the inconsistency involves how the lender deals with the deficiency. Read More...
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Most of the news about the housing market lately has been dismal. However, the one bright spot is being overlooked by many - the rental market. Rental demand is up and and rental rates are rising. Many foreclosures victims (estimated north of 4 million) Read More...
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Here is a great blog post from my Coach, Carl Rizzuto: More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and Read More...
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Here are some great tips for keeping your home cool during the hot, humid days during the summer: 1. Reduce the cooling load by employing cost-effective conservation measures. Provide effective shade for east and west windows. When possible, delay heat-generating Read More...
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Now available - 226 Cambridge Chase in Exton, PA. This is a spectacular 3 bed, 2.1 bath townhome with a finished basement and 1-car garage! Community is surrounded by 17 acres and consists of only 35 homes. Offered at $367,900. Click here for more details: Read More...
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Home prices have continued to drop during the first quarter of 2011, dropping 4.6% from a year earlier according to CNNMoney.com and the National Association of Realtors. Condo prices fell ever harder by a rate of 10.4%. The main cause for this decline Read More...
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Spacious single family home now available, minutes from major roads and the Exton Mall. Hardwood floors throughout. Private wooded, lot. Go to http://www.tomtoole.com/Exton/Pennsylvania/Homes/Century_Oaks/Agent/Listing_35390422.html for more information. Read More...
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Many people are under the impression that home improvements are good investments that pay for themselves when a home is sold. However, this is wrong according to Remodeling magazine and the National Association of Realtors. The sad truth is that most Read More...
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According to MSNBC.com , the unemployment rate dropped to 9% last month, which is its lowest level in 2 years. However, the U.S. labor market slowed considerably as only 36,000 new jobs were generated in January, the fewest in four months. These statistics Read More...
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According to MSNBC.com , the economic recovery showed signs that it had staying power as the new year began in January. Home sales surged at the end of 2010 and weekly jobless claims posted their biggest decline in almost a year. Existing home sales soared Read More...
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Mint condition end unit town home now available! 134 Portsmouth Circle, located in Glen Mills, PA, offers a 2-car attached garage, a finished walkout basement and a gorgeous kitchen with granite counters and cherry cabinets! Offered at $409,900. Please Read More...
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466 Summit House is now available! A gorgeous 2 bed, 1.1 bath town home in West Chester, PA. This great property features granite counters in the kitchen, an updated full bath and a partial, finished basement. Offered at $174,900. Check out my featured Read More...
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Rates on fixed mortgages dipped for the second straight week as Treasury yields fell, as reported by MSNBC.com and the Associated Press . Freddie Mac said Thursday that the average rate on a 30-year mortgage dropped to 4.71% from 4.77% during the previous Read More...
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Ali Velshi, CNN chief business correspondent, believes that if a prospective Buyer has good credit and 20% to put down, it is a great time to buy according to CNNMoney .com. Velshi feels that this has been the case all year and that we are probably closer Read More...
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