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 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. Housing is Back according to an article on CNNMoney. 6 years after the housing market collapse we appear to be clawing our way out of the hole. As some areas see a bounce back other areas are roaring back. Depends on how far the values initially fell. Over the past year according to CoreLogic home prices increased in 92 of 100 metropolitan areas. Sales volumes rose in 69 of 100 markets with 35 of those showing double digit gains. Beth Braverman of CNNMoney believes that the days of low balling your first offer are over. Check out Zillow’s local info to see your area. For example in Levittown the sale price has been 96% of the asking price. That is one below the national average. If you are asking for a mortgage contingency be prepared with a mortgage company pre-approval. Put your offer in the very best light.
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 a bump in rates to higher prices.
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.