HUD Announces Extra Relief for Borrowers With FHA-Insured Mortgages

HUD Announces Extra Relief for Borrowers With FHA-Insured Mortgages

The Department of Housing and Urban Development announced Thursday the Federal Housing Administration will offer a tailored set of mortgage relief options to those with FHA-insured mortgages who are being affected by the COVID-19 pandemic and who are unable to make their payments.

Mortgage servicers may extend deferred or reduced payment options to FHA borrowers facing financial hardship for six months, and also extend options beyond that to an additional six months of forbearance, if requested by eligible borrowers.

The FHA guidelines are part of the stimulus package that President Donald Trump signed into law March 27, the Coronavirus Aid, Relief, and Economic Security Act. That law requires banks to extend to borrowers with federally backed mortgages up to 12 months of forbearance if facing a coronavirus-related financial hardship.

“The last thing any of us wants is for Americans to lose their homes unnecessarily while we continue to fight this invisible enemy,” HUD Secretary Ben Carson said in a statement. “If you’re struggling, immediate help is now available. The FHA will continue to work with stakeholders to ensure that the loss mitigation options that are offered for both forward and reverse borrowers are appropriately tailored for the present situation.”

The FHA also announced it is offering a new program that will allow borrowers who do take part in the forbearance to hold off on paying the full amount from their forbearance period until the mortgage is paid off. Its COVID-19 National Emergency Partial Claim is an option that can take effect when the forbearance period ends. The partial claim will help eligible homeowners who have been granted forbearance reinstate their loans by authorizing servicers to advance funds on behalf of homeowners. Borrowers who are given an interest-free subordinate mortgage will not have to pay it off until their first mortgage is paid off.

The FHA also announced changes to its reverse mortgage rules, allowing borrowers to delay making home equity payments for six months and possibly an additional six months as well if facing a coronavirus-related hardship.

Homeowners who are struggling to make their mortgage payments are urged to contact their mortgage servicer to discuss options.

Source:
HUD Announces Additional Relief for FHA-Insured Mortgagees,” National Mortgage Professional (April 2, 2020) and “FHA Rolls Out New Mortgage Relief Options Amid Coronavirus Outbreak,” HousingWire (April 2, 2020)
National Association of REALTORS

Home for sale – 206 Bourne Dr Broomall, PA 19008

Home for sale – 206 Bourne Dr Broomall, PA 19008

 

  • 3 Beds
  • 2 Baths
  • 1,320 sqft
    $339,900
    Est. Mortgage $1,953/mo

 

Home for sale - 206 Bourne Dr Broomall, PA 19008

Home for sale – 206 Bourne Dr Broomall, PA 19008

Description about this home for sale at 206 Bourne Dr Broomall, PA 19008

Lawrence Park Split level situated on private level lot with screened in porch. Spacious living room welcomes you home, formal dining room, modern eat in kitchen with 42 inch cabinets, Lower level tv room, additional bonus room currently being used as storage but could be used for 4th bedroom or expansion of tv room, convenient powder room, laundry room, exit door to rear yard. Master bedroom, two additional bedrooms, full hallway bathroom, walk up attic for additional storage. Over sized driveway for plenty of private parking. 2 storage sheds on property for additional storage, newer systems include central air and gas heat, roof and siding. Well cared for home and can accommodate a quick settlement. House Is VACANT.

Home Details on this home for sale at 206 Bourne Dr Broomall, PA 19008
  • Single Family Home
  • $258/sqft
  • Lot Size: 7,800 sqft
  • Built in 1956
  • 7 Days on Trulia
  • 7 Rooms
  • Rooms: Family Room
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Stories: 2
  • Exterior: Vinyl
  • MLS/Source ID: PADE516802
  • See Virtual Tour
Public Records for this home for sale at 206 Bourne Dr Broomall, PA 19008
  • 3 Beds
  • 1 Bath
  • 1,320 sqft
  • Single Family Home
  • 7,800 sqft lot size
  • Built in 1956
  • County: Delaware
  • Heating: Central
  • Basement: Full Basement
  • Units: 1
  • Stories: split level with basement
  • Construction Type: Stone
  • Exterior: Siding (Alum/Vinyl)
  • Land Use Code: Single Family Residential
  • MARPLE TWP.

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 206 Bourne Dr Broomall, PA 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 206 Bourne Dr Broomall, PA 19008

Licensed in PA, DE and NJ

Number of Homes for Sale Has Dropped

Number of Homes for Sale Has Dropped

The number of homes for sale declined 15.7% annually in March, a housing report released Thursday by realtor.com® shows. However, the national median listing price was up 3.8% to $320,000 last month, and homes spent fewer days on the market in March as the pandemic prompted mass restrictions to be put in place across the country to try to stop the spread.

Price growth did show some deceleration during the weeks ending March 21 and March 28 compared to the first two weeks of the month, realtor.com® notes. The U.S. listing price over those last weeks increased at a slower clip of 3.3% and 2.5% annually, which is the slowest pace of growth in realtor.com®’s records, dating back to 2013.

Prior to the pandemic, the nation was already facing tight inventories of homes for sale. In February, the number of homes on the market had dropped 15.3% annually. However, the weeks ending March 21 and 28, respectively, saw inventories decline at a slightly slower pace of 15.2% each on a year-over-year basis, realtor.com® reports.

Homes sold a median of 60 days in March across the U.S.—four days faster than a year ago, realtor.com® reports.

“The U.S. housing market had a good start to the year,” says Danielle Hale, realtor.com®’s chief economist. “Despite still-limited homes for sale, buyers were buying and builders were building. The pandemic and virus-fighting measures appear to be disrupting that initial momentum as both buyers and sellers adopt a more cautious posture.”

Inventory declines in March were most pronounced in metros like Phoenix-Mesa-Scottsdale, Ariz. (down 42.2%); Milwaukee-Waukesha-West Allis, Wis. (down 36.2%); San Diego-Carlsbad, Calif. (down 33.4%). The only metro realtor.com® tracked that saw inventory increase annually in March was Minneapolis-St. Paul-Bloomington, Minn.-Wis., up 3.6% from a year ago.

“Consistent with the first two months of 2020, March saw homes selling more quickly than last year as an early home buying season began in the U.S.,” realtor.com® reports. Properties sold the most quickly in March—a median of 29 days or less–in San Jose-Sunnyvale-Santa Clara, Calif.; Denver-Aurora-Lakewood, Colo.; and Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.

Of the 50 largest metros tracked, realtor.com® reported that 45 markets continued to post year-over-year gains in median list prices. The highest annual gains were recorded in Pittsburgh (up 17.9% annually); Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. (up 14%); and Memphis, Tenn.-Miss.-Ark. (up 12.7%).

Source:
National Association of REALTORS(R)

Home for sale – 29 Willowbrook Rd Broomall, PA 19008

Home for sale – 29 Willowbrook Rd Broomall, PA 19008

 

  • 3 Beds
  • 2 Baths
  • 2,124 sqft

    $399,900

    $409,900

    Est. Mortgage $2,256/mo

 

Home for sale - 29 Willowbrook Rd Broomall, PA 19008

Home for sale – 29 Willowbrook Rd Broomall, PA 19008

 

Description about this home for sale at 29 Willowbrook Rd Broomall, PA 19008

This beautiful split level home is waiting for your buyer! Located in the desirable Rose Tree Woods neighborhood this home has so much to offer!!! Large living room with wood burning fireplace, formal dining room with entrance into a fabulous 3 season room overlooking a large level wooded yard. The updated eat in kitchen has a gas range and garbage disposal. 2nd level: Spacious master bedroom, 2 additional bedrooms,full ceramic bath and entrance into a floored attic. Lower level: finished family room with storage area, entrance into a one car attached garage, laundry area with powder room and outside entrance to the side yard. Some extras include: central air, replacement windows, ceiling fans, hardwood floors, low taxes, Marple Newtown School District…the list goes on! Convenient to Rt 476, Rt.95 and the airport. This home shows pride of ownership in every room!!!! 2020-03-10

Home Details on this home for sale at 29 Willowbrook Rd Broomall, PA 19008
  • Single Family Home
  • $188/sqft
  • Lot Size: 0.39 acres
  • Built in 1956
  • 43 Days on Trulia
  • 7 Rooms
  • Rooms: Dining Room
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Refrigerator
  • Disposal
  • Fireplace
  • Parking: Attached Garage
  • Garage
  • Parking Spaces: 1
  • Stories: 1
  • Exterior: Brick Vinyl
  • Disabled Access
  • MLS/Source ID: PADE509454
  • See Virtual Tour
Public Records for this home for sale at 29 Willowbrook Rd Broomall, PA 19008
  • 3 Beds
  • 1 Bath
  • 2,124 sqft
  • Single Family Home
  • 0.39 acres lot size
  • Built in 1956
  • County: Delaware
  • Heating: Central
  • Parking: Garage
  • Basement: Full Basement
  • Units: 1
  • Stories: split level with basement
  • Exterior: Brick
  • Land Use Code: Single Family Residential
  • MARPLE TWP.

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 29 Willowbrook Rd Broomall, PA 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 29 Willowbrook Rd Broomall, PA 19008

Licensed in PA, DE and NJ

How to Combat Loneliness Around Social Distancing

How to Combat Loneliness Around Social Distancing

With shelter-in-place orders and social distancing restrictions becoming more common, people are seeing less of each other. This “social recession,” aimed at controlling the outbreak of COVID-19, also is heightening a sense of loneliness. Connecting with neighbors and others may be more challenging, but you can still find opportunities to “dig deep and get connected,” Erin Peavey, an architect and design researcher on health and wellness for architecture firm HKS, told Curbed.com.

Twenty-seven percent of Americans over age 60 live alone. AARP is offering suggestions to how people can still connect, such as sending a letter, creating a virtual book club, playing board games, or ordering a hobby box. Nextdoor.com, a neighbor-based social network, has launched Help Maps and Groups, in which local residents can assist at-risk members of the community by running errands or bringing aid. Meetup is offering guidelines on how to host online-only gatherings and events.

An article at realtor.com® also suggests several ideas, such as curbside drop-offs for elderly neighbors, writing letters to a local nursing home, or becoming a virtual volunteer. Kathy Green started a Facebook group to organize residents in her hometown of Birmingham, Ala., who could sew or distribute homemade masks to those who needed them. The group quickly grew to a crew of 1,300 volunteers.

Also, consider creating inspiring window art to bring cheer to your neighborhood or sponsoring a block party with social distancing guidelines in mind. For example, in Eugene, Ore., neighbors arranged a dinner party from their front yards. They ordered pizza to eat on their front steps, and they remained separate from one another but were still able to connect. “We just wanted a way to communicate with one another when we can’t give each other hugs,” Mary Lou Vignola told the Register-Guard. “Just to be social when we’re being isolated.”

Supportive social networks are key to lessening the stress of the current situation, Julianne Holt-Lunstad, a professor who has conducted research on the significant long-term effects of a lack of social connection, told Curbed.com. Reaching out to isolated members of the community with a text or video call can be very meaningful, she says. “When we are facing some kind of stressor or threat in our environment, the perception that we can turn to others for help and rely on them—and that they have our backs—lets us cope with them much better,” she told Curbed.com. “While we can’t be physically present right now, we can check in with people via email or text. Reaching out to people, asking how they’re doing, and listening to them—all these things can be beneficial.”

Source:
Source:
National Association of REALTORS(R)

Jersey Shore / Sea Isle Home 126 90th St Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home 126 90th St Sea Isle City, NJ 08243

 

  • 2 Beds
  • 1 Bath
  • 675 sqft

    $640,000

    $660,000

    Est. Mortgage $3,122/mo

 

Jersey Shore / Sea Isle Home 126 90th St Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home 126 90th St Sea Isle City, NJ 08243

Description about this home for sale at 126 90th St Sea Isle City, NJ 08243

RARE BEACH BLOCK OPPORTUNITY TO BUILD your DREAM HOME! Excellent location to BUILD a CUSTOM SINGLE FAMILY HOME on this Lot which is Only Steps to the Beach and will have Ocean Views from the Upper Level Decks.(Check Out the Aerial Photos) This Original Cottage in Townsend’s Inlet is situated in a most desirable section of Sea Isle City with a Short walk to Restaurants, Shopping and Fishing Piers! Come see the Other New Homes in the Neighborhood and Start Designing your Own Vacation Getaway! Contact your buyers today, this won’t last long!

Home Details on this home for sale at 126 90th St Sea Isle City, NJ 08243
  • Single Family Home
  • $948/sqft
  • Lot Size: 2,222 sqft
  • Built in 1940
  • 148 Days on Trulia
  • Heating: Baseboard
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Great Views
  • Parking Spaces: 2
  • Exterior: Vinyl
  • MLS/Source ID: 190408
  • See Virtual Tour
Public Records for this home for sale at 126 90th St Sea Isle City, NJ 08243
  • 672 sqft
  • Single Family Home
  • 2,222 sqft lot size
  • Built in 1940
  • County: Cape May
  • Units: 1
  • Stories: 1 story
  • Construction Type: Wood
  • Exterior: Wood
  • Land Use Code: Single Family Residential
  • SEA ISLE CITY CITY

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 126 90th St Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 126 90th St Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

Strategies to Combat COVID-19 Spread in Buildings

Strategies to Combat COVID-19 Spread in Buildings

The COVID-19 pandemic poses a wide range of issues for commercial real estate. Building managers and owners should consider reviewing their operational strategies in light of the virus, experts said during an Urban Land Institute webinar last week, before many areas of the country issued or extended shelter-in-place orders.

Catherine L. Troisi, associate professor at the UTHealth School of Public Health in Houston, discussed some of the unknowns in the trajectory of the coronavirus that point to the need for long-term vigilance. “Most respiratory conditions subside in warmer weather. Even if this virus does significantly decrease, would it return in the fall?” Troisi said. “How long do we need to do physical distancing? Two weeks is probably not long enough.”

Places matter, especially buildings, given that Americans spend 90% of their time indoors, said Whitney Austin Gray, senior vice president at the International WELL Building Institute. “It’s difficult to tell if buildings are healthy without third-party verification. The invisibles of water and air need to be made visible through performance testing.”

Gray also emphasized the role of prevention. “It’s important to increase ventilation—open windows if possible. Turn off air re-circulation. Consider how units and components of HVAC and filtration systems are cleaned and disinfected. Keep the humidity above 30%.”

Susan Bazak, principal of Bazak Consulting, recommended incorporating three key areas in building planning:

  1. People, including tenants and staff. Encourage sick people to stay home, practice appropriate etiquette, use cleaning protocols, and follow travel guidance. Employees who have a sick family member should inform the employer, who should keep the information confidential. Revisit your HR policy.
  2. Communication based on best practices. Pitfalls include mixed messaging, getting information out late, and failing to counter rumors. “Look at who your audiences are and what the communication modalities are,” Bazak said. “Use credible sources of information, such as the Occupational Safety and Health Administration, the Centers for Disease Control and Prevention, and the University of Minnesota Center for Infectious Disease Research and Policy.”
  3. Continuation of essential business. Think about how your business can adapt to long-term challenges in its supply chain and transportation. How will you deal with shortages?

“Certain factors—including increased trade and travel, deforestation, climate change—are pushing us into a new era of viruses,” Bazak says. “We need to include growing risk in our planning and work toward resilience.”

Source:
National Association of REALTORS(R)

Sea Isle / Jersey Shore Home – 129 38th St Sea Isle City, NJ 08243

Sea Isle / Jersey Shore Home – 129 38th St Sea Isle City, NJ 08243

 

  • 5 Beds
  • 4 Baths
  • 2,280 sqft

    $1,299,000

    $549,999

    Est. Mortgage $6,259/mo

 

Sea Isle / Jersey Shore Home - 129 38th St Sea Isle City, NJ 08243

Sea Isle / Jersey Shore Home – 129 38th St Sea Isle City, NJ 08243

Description about this home for sale at 129 38th St Sea Isle City, NJ 08243

Masterfully designed single family home built by Advanced Coastal Homes with 5 bedrooms and 4 and a 1/2 baths. No detail is missed in the designing of this home to be a family’s seashore dream. The master bedroom on the main level is a unique layout including a walk in closet, a full bathroom, and it’s own private porch. Enjoy entertaining in the generously sized kitchen and living area with a large partially covered deck on the front of the house. There is also easy access to the main floor with the included elevator. Coming into the home on the first floor through the spacious foyer is an very large family room with a full bath and access to the rear deck and back yard. On the middle level there are 4 bedrooms; 1 of which has its own private bathroom; and a laundry room. There is plenty of storage for all your family’s summer gear in the garage and outside storage closet in the back of the house. The location of the home is conveniently located close to the beach and downtown making it easy access either one.

Home Details for this home for sale at 129 38th St Sea Isle City, NJ 08243
  • Single Family Home
  • $570/sqft
  • Lot Size: 3798 sqft
  • Built in 1935
  • 180+ Days on Trulia
  • Rooms: Dining Room
  • Heating: Other
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Washer
  • Dryer
  • Refrigerator
  • Microwave
  • Dishwasher
  • Floors: Hardwood, Linoleum Vinyl
  • Parking: Attached Garage
  • Garage
  • Elevator
  • Cable Ready
  • Exterior: Brick
  • Patio
  • Deck
  • MLS/Source ID: 200563

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 129 38th St Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 129 38th St Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

How much home can I afford?

How much home can I afford?

It’s one of the most important questions you can ask yourself before embarking on a home buying search.  Knowing the factors that lenders take into consideration when you apply for a home loan is a smart first strop in the process.  See the image below for more information.

How much home can you afford? Knowing the factors that lenders take into consideration when you apply for a home loan is a smart first step. With the help of myself and John Coneys of Freedom Mortgage, we’ll determine the key factors that will affect you. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #HowMuchHome

Jersey Shore / Sea Isle Home – 1704 Landis Ave Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home – 1704 Landis Ave Sea Isle City, NJ 08243

 

  • 4 Beds
  • 3 Baths
  • 2,850 sqft

    $1,325,000

    $1,295,000

    Est. Mortgage $6,436/mo

 

Jersey Shore / Sea Isle Home - 1704 Landis Ave Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home – 1704 Landis Ave Sea Isle City, NJ 08243

Description about this home for sale at 1704 Landis Ave Sea Isle City, NJ 08243

Beautiful and well kept beachfronting single family house ocean and bay views. This place is perfect as your great escape or for your entertainment play house. The best qualities of the house is it’s quality construction and excellent location. Preview the house and hear the morning surf or see the evening sunsets from the large back deck. With almost 3000 square feet, it has plenty of space for a growing family. Quality and value is what we all want! Check it out.

Home Details on this home for sale at 1704 Landis Ave Sea Isle City, NJ 08243
  • Single Family Home
  • $465/sqft
  • Lot Size: 0.34 acres
  • Built in 1981
  • 180+ Days on Trulia
  • Rooms: Dining Room, Family Room, Pantry
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Washer
  • Dryer
  • Refrigerator
  • Microwave
  • Dishwasher
  • Floors: Tile
  • Great Views
  • Fireplace
  • Parking: Attached Garage
  • Garage
  • Parking Spaces: 2
  • Contemporary Architecture
  • Luxury
  • Exterior: Vinyl
  • Year Updated: 2006
  • Patio
  • Porch
  • Deck
  • MLS/Source ID: 188301
Public Records for this home for sale at 1704 Landis Ave Sea Isle City, NJ 08243
  • 2,847 sqft
  • Single Family Home
  • 0.34 acres lot size
  • Built in 1981
  • County: Cape May
  • Units: 1
  • Stories: 2 story
  • Land Use Code: Single Family Residential
  • SEA ISLE CITY CITY

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 1704 Landis Ave Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 1704 Landis Ave Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

February Pending Sales Reveal Healthy Housing

Pending home sales, a forward-looking indicator based on contract signings, rose 2.4% month over month and 9.4% year over year in February—a fresh sign that the underpinnings of the real estate market are strong, even as the coronavirus outbreak poses significant challenges, the National Association of REALTORS® reported Monday. All four major regions of the country saw an increase in pending home sales last month.

Downward pressure on those numbers is expected moving forward, as NAR’s latest housing data reflects a time period before the nation began adopting social distancing measures to control the spread of COVID-19. “February’s pending sales figures show the housing market had been very healthy prior to the coronavirus-induced shutdown,” says NAR Chief Economist Lawrence Yun. “Numbers in the coming weeks will show just how hard the housing market was hit, but I am optimistic that the upcoming stimulus package will lessen the economic damage, and we may get a V-shaped robust recovery later in the year.”

Given the new social and business realities surrounding COVID-19, real estate professionals have quickly adapted by offering virtual tours of properties online, as well as using electronic signatures and remote closings to keep transactions moving forward. “Many of the home sales that are likely to be missed during the first part of 2020 may simply be pushed into late summer and autumn,” Yun says.

Jersey Shore / Sea Isle Home – 365 44th St #West Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home – 365 44th St #West Sea Isle City, NJ 08243

 

  • 4 Beds
  • 3 Baths
    $1,099,000
    Est. Mortgage $5,213/mo

 

Jersey Shore / Sea Isle Home - 365 44th St #West Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home – 365 44th St #West Sea Isle City, NJ 08243

Description about this home for sale at 365 44th St #West Sea Isle City, NJ 08243

Introducing a fantastic opportunity to invest in a waterfront lifestyle! The living room, dining room and kitchen are all located on the second floor, making the access very convenient. The second floor also features a bedroom and full bath. The third flood features a master suite with cathedral ceilings and two additional bedrooms also featuring cathedral ceilings and hall access to the third bathroom. Three of the four bedrooms feature sliding glass doors to a balcony with great views. The ground level features a garage, storage space, a very large deck and a floating dock with two boat slips.

Home Details for this home for sale at 365 44th St #West Sea Isle City, NJ 08243
  • Townhouse
  • Built in 2000
  • 136 Days on Trulia
  • Rooms: Dining Room
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Washer
  • Dryer
  • Refrigerator
  • Dishwasher
  • Great Views
  • Vaulted Ceiling
  • Parking Spaces: 1
  • Storage
  • Additional Storage
  • Stories: 3
  • Patio
  • Porch
  • Deck
  • MLS/Source ID: 190521

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 365 44th St #West Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 365 44th St #West Sea Isle City, NJ 08243

Licensed in PA, DE and NJ