Tag: Real Estate

Broomall / Delco Home – 2588 Radcliffe Rd. Broomall, PA. 19008

2588 Radcliffe Rd. Broomall, PA. 19008 Listing courtesy of John Mcaleer – Keller Williams Main Line $575,000 Est. Mortgage $3,991/mo*5 beds2 Baths2449 Sq. Ft. Description about this home for sale at 2588 Radcliffe Rd. Broomall, PA. 19008 A rare find & fantastic opportunity for an owner occupant or investor to own a turn key income …

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Market ‘Stabilizing’

Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist. Home buyers are having difficulty gauging opportunities to save on a property purchase as mortgage rates become more volatile. The average for the 30-year fixed-rate mortgage swung above 5% again …

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Slowing Inflation Suggests Mortgage Rates Have Topped Out

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers. Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association of REALTORS®. Overall, inflation slowed from 9.1% in June …

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Jersey Shore / Sea Isle City Home – 5724 Sounds Ave N #SEA, Sea Isle City, NJ. 08243

5724 Sounds Ave N #SEA, Sea Isle City, NJ. 08243 Listing courtesy of Jason Walawender – COMPASS RE – Sic $3,399,000 Est. Mortgage $20,898/mo*4 Beds4 Baths Description about this home for sale at 5724 Sounds Ave N #SEA, Sea Isle City, NJ. 08243 “Experience the pinnacle of coastal luxury at 5724 Sounds Avenue. This exquisite …

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Broomall / Delco Home – 218 Brookthorpe Cir. Broomall, PA. 19008

218 Brookthorpe Cir. Broomall, PA. 19008 Listing courtesy of Susy Shea – BHHS Fox & Roach Wayne-Devon $495,000 Est. Mortgage $3,438/mo*3 Beds2 Baths2584 Sq. Ft. Description about this home for sale at 218 Brookthorpe Cir. Broomall, PA. 19008 This bright and cheery ranch home with beautiful stone facade is located is a desirable Broomall neighborhood …

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Mortgage Rates Settle In

As inflation appears to have peaked, borrowing costs are starting to stabilize. Mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers. The 30-year fixed-rate mortgage averaged 5.13% this week, down slightly from its 5.22% average a week ago, Freddie Mac reports. Mortgage rates peaked at 6% …

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Housing affordability

Housing affordability hit a 33-year low in June, according to NAR data. But an increase in inventory and stabilizing mortgage rates may stem the tide. The average monthly mortgage payment jumped 54% year over year in June while the median household income rose only 5.8%, according to the National Association of REALTORS®’ Housing Affordability Index. …

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Sea Isle / Jersey Shore Home – 8609 Landis Ave. #306, Sea Isle City, NJ. 08243

8609 Landis Ave. #306, Sea Isle City, NJ. 08243 Listing courtesy of Kathleen Matthews TI REALTY GROUP $995,000 Est. Mortgage $6,776/mo*3 Beds3 Baths Description about this home for sale at 8609 Landis Ave. #306, Sea Isle City, NJ. 08243 Beach block condo available in the south end of Sea Isle City! Drive in the covered …

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Broomall / Delaware County PA. home – 144 Sylvan Dr. Broomall, PA. 19008

144 Sylvan Dr. Broomall, PA. 19008 Listing courtesy of Ryan Petrucci – RE/MAX Main Line-Paoli $449,000 Est. Mortgage $3,112/mo*3 Beds3 Baths1092 Sq. Ft. Description about this home for sale at 144 Sylvan Dr. Broomall, PA. 19008 Welcome home to 144 W Sylvan Drive. This 3 bedroom 2 1/2 bath brick rancher is just waiting for …

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Contract Signings, Down Again, May Have Hit Bottom

Pending home sales in July dropped nearly 20% year over year as the housing market continues to slow. But a turnaround is in sight, says Lawrence Yun. Home buyers continue to recoil from higher mortgage rates and home prices, with pending home sales in July plummeting nearly 20% year over year, according to data from …

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Mortgage Rates Rise Again, Nearing Affordability Threshold

If borrowing costs get just a little higher, the average household may be blocked from homeownership, warns an NAR economist. Mortgage rates continued inching up this week, nearing a threshold that would bring the average American household to a financial tipping point, warns Nadia Evangelou, senior economist and director of forecasting for the National Association …

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Broomall / Delco Home – 103 Thomas Ave. Broomall, PA. 19008.

103 Thomas Ave. Broomall, PA. 19008. Listing courtesy of Heather Griesser Lapierre- RE/MAX Preferred – Newtown Square $625,000 Est. Mortgage $4,291/mo*3 Beds2 Baths1812 Sq. Ft. Description about this home for sale at 103 Thomas Ave. Broomall, PA. 19008. Welcome home to this completely remolded ranch home in Broomall. Large front patio invites you into the …

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