Wealthy pick Real Estate over Stock Market

We are taught from birth that the quickest way to achieve a goal is to seek out those who have already accomplished the goal and do what they do. Interested in creating wealth? It seems the wealthy trust real estate as an investment before even the stock market. A recent survey revealed that 75 … [Read more...]

126 Walker Street, Cornwall PA 17042

Nice semi on large almost a 1/4 acre lot in Quiet Private Cornwall MLS 206634 $84,900 SOLD! … [Read more...]

Why do we buy homes?

There are many differing opinions on why we buy homes, but owning a home is important to most Americans. Here are some reasons families decide to buy a home: ~ Home ownership makes financial sense than renting ~ Increased living space for families ~ A great place to raise children ~ A place … [Read more...]

Mortgage Rates Hold at Yearly Highs

Fixed-rate mortgages mostly held steady this week and mostly unchanged from last week’s averages. Rates remain near their highs for the year, Freddie Mac reports in its weekly mortgage market survey. Over the last few weeks, the 30-year fixed-rate mortgage has edged 1 percent higher than it was a … [Read more...]

Buying that First Home, consider a few important details

Evaluating your credit position Credit is one of the biggest matters to concentrate on before jumping into the real estate world. With solid credit, it can really help you financially when buying a home, but with mediocre credit, you may want to postpone that decision for several months to work on … [Read more...]

Statement From NAR President Gary Thomas on Qualified Residential Mortgage Rule

The following is a statement by National Association of Realtors® President Gary Thomas: "The re-proposed Qualified Residential Mortgage rule announced this morning is a victory for homebuyers and the future of homeownership in this country. This version of the QRM rule will give creditworthy … [Read more...]

Home prices still about demand

Knowing how much inventory is for sale is crucial to determining where home values are headed. Pricing of any item is determined by supply and demand: how many items are available in relationship to how many want to buy that item. The reasons for the strong year-over-year home appreciation numbers … [Read more...]

July Pending Home Sales Slips

Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined just over 1 percent, but is still 6+ percent above … [Read more...]

More Reasons to Buy Now

Prices Will Continue to Rise   Standard & Poors recently upgraded their 2013 forecast for the S&P/Case-Shiller Home Price Index to an 11% year-over-year increase from their original 8% projection.   The Home Price Expectation Survey, which polls a distinguished panel of over … [Read more...]

Comments on the Impact of Interest Rates

Here are a few interesting comments on how rising interest rates might impact the real estate market as we move forward.   Zillow   Dr. Svenja Gudell, Senior Economist   “As long as mortgage interest rates don’t rise too far and too fast, most markets should be able to … [Read more...]