Tom's Blog

Check out 1841 Schley Street under the featured listings section of my site.  This 3 bed, 1.1 bath home is located on a great street and offers parking for multiple cars!  It is in need of some updating and is being offered at $274,900.  Call 610.692.6976 for a private tour. 

If you have been holding off on a real estate purchase, signs of a turnaround in the housing market may have you wondering if it is finally time to make your move.  While home prices remain low, they are no longer free-falling in most markets (definitely not in the local Philadelphia area).  Mortgage rates are at historical lows.  ...

According to CNNMoney.com, the turnaround in the U.S. housing market over the past 4 years has pushed home prices to near record levels of affordability.  The typical American family, who makes the nation's median income of $64,000 per year, could afford to buy 70.8% of all homes sold in the U.S. during the last 3 months of 2009, ...

Check out 510 Everest Circle under the featured listings section of my site.  This is a mint condition 2 bed, 1 bath 2nd floor condo in popular Highspire with an asking price of $209,900.  297 Summit House had been completely updated and has a great floorplan!  Call 610.692.6976 for a private tour. 

Believe it or not, the most wealthy borrowers are having many of the same mortgage issues that plague the industry.  According to Les Christie of CNNMoney.com, 12% of U.S. mortgages of $1 million or more were late in the fall, which is twice the rate for loans under $250,000 and almost triple the default rate on million dollar mortgages 12 ...

In 2009, homeowners recouped an average of 63.8% of the investment in 33 different home improvement projects according to REALTOR Magazine.  The cost recoup was down from previous years, but in line with the national decline of home prices.  The majority of the remodeling projects with the best return on investment are a testament to ...

Pending home sales rose again in October, marking the 9th consecutive month this figure has risen according to the National Association of Realtors.  The Pending Home Sale Index, which is a forward looking indicator based on the number of contracts signed in October, rose 3.7% in October and is 31.8% higher than the October 2008 ...

The real estate market received a boost earlier in the month once HR 3548 was passed.  The extension on the first time home buyer tax credit and the creation on the repeat buyer credit was the news many people have been waiting for over the past few weeks.  Ideally, this legislation will push those buyers who have been sitting on the ...

Over the past day or two, Buyers have been able to lock in a 5% interest rate on a 30 year fixed loan!  These historically low rates, combined with the high inventory (creating lots of choices for Buyers) make the end of 2009 an excellent time to buy.  I have seen investors scoop up great opportunities, most of which only last a short ...

Sellers within the 2009 market are concerned with their net proceeds if they do decide to move, as they should be.  However, the savvy Seller will quickly recognize that even though he or she will really see a benefit years down the road on the purchase of a new and better home.  When my past clients contact me in the future to sell ...