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, ...

According to CNNMoney.com, the median price of U.S. single-family homes dropped 11.9% in 2009 to $173,200.  Earlier in the year, the housing market appeared to be rebounding as prices gained in the first 9 months of 2009 until they experienced a 2.9% drop during the 4th quarter.  Lawrence Yun, chief economist for NAR, was ...

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. 

Check out 297 Summit House under the featured listings section of my site.  This is a mint condition 2 bed, 1.1 bath townhome in popular Summit House with an asking price of $179,900.  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 ...

After surging 10% in October, sales of existing homes were up again in November, growing 7.4% according to the National Association of Realtors.  Many feel, including NAR chief economist Lawrence Yun, that this uptick in sales was the result of the rush of first-time home buyers to take advantage of the government tax credit.  As you ...

As posted in the RE/MAX Times Online, a 45 agent Keller Williams office recently joined RE/MAX in Framingham, Massachusetts in the 4th quarter of 2009.  Annette Norton, Broker/Owner of the firm, chose RE/MAX because of its powerful brand name and the tools, culture, and support offered by the RE/MAX network.  The changeover marked an $86 ...