The new normal

The new normal

Real Estate Radio News CBS Philly WPHT 1210For 30 minutes every Sunday morning from 5:30 to 6:00 on WPHT 1210 am. Vince and I look forward to sharing with you some of the issues we see every day.
Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate values across the country. The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area. Within every marketplace there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that most people are looking for practical advice. Please feel free to call 215-740-8999.

The Real Estate News this week was interesting. Home Prices experience the biggest rise since the bubble burst. According to Case-Shiller home prices rose 8.1% from a year earlier. This was the biggest year over year increase since 2006. With this recent surge we need to keep it in perspective. We are still 28.4% below 2006 peak prices. New home sales increased on a year over year basis even though they were below the previous month’s pace. There are many reasons for the increase but low inventory is the biggest reason.

Today Vince and I are on our own as we look at what has happened recently in your local market and what might be next. Each change causes a different reaction. From FHA’s higher costs to the new AVI in Philadelphia.

Tune in to find out why now may be the best of times to buy or refinance.

Please join us Sunday Morning at 5:30 on WPHT 1210 am for an honest assessment of the markets in your area.

GMH Mortgage Services, LLC | NMLS #133257 | 215.740.8999

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