PA Real Estate Market Report. The Pennsylvania Association of Realtors recently released housing statistics for the second quarter of 2015, and the market continues to steadily improve. Perhaps most notably, the median sales price increased 3.3% over this time last year to $175,500. Sellers are also benefiting from quicker sales; the average Days On Market decreased…
Narberth and Upper Uwchlan Twp The popular niche.com just released their 2015 Best Places to Live rankings, and two of the top suburbs are right here in the Philadelphia area! Narberth and Upper Uwchlan Twp Narberth and Upper Uwchlan Twp are considered some of the best suburbs in the nation — and for good reason! Narberth is…
Did you know that rental prices are rising twice as fast as the inflation rate? It’s true! There is an enormous demand for rentals right now, and it’s pushing prices sky high. In fact, the market is hotter than ever with the national occupancy rate for rentals at an all-time high of 95.3%. This townhome…
Increase in Rental Prices As if we needed another reason to encourage homeownership! A recent report published by CNN found that rental prices skyrocketed another 4% in April, outpacing home values and the median income. This is the fastest increase in over two years. Image via Astuteinvestments.com The main reason? Demand! The demand for rentals has increased,…
Philadelphia Third Top City for Trading Up Your Rental Realtor.com recently released a report evaluating the top cities where it makes the most sense to trade up your rental for a home of your very own. Philadelphia third on this list (after Atlanta and Chicago, respectively). Data scientists a wide variety of factors, including median income,…
Rent Increasing Rent have increased 15% from 2009 to 2014 according to the National Association of Realtors, but that statistic doesn’t tell the whole story. While raising rental prices aren’t too uncommon, the real issue comes down to stagnant wages and salaries. In fact, some areas have seen declining income in the past five years!…
Cater to this Type of Tenant Recent reports have confirmed what we like to think we’ve known all along: the women are in control (especially when it comes to the rental market)! Rentals, which bring a certain degree of freedom, are being favored more than ever by young women.Surprised? Don’t be! Later marriages, lower birth rates, and more…
Located on the Main Line within Lower Merion and Haverford Townships, Ardmore embodies a lush, small-town feel just minutes from Philadelphia. Originally named Athensville, the town changed its name in 1853 when the railroad station in the center of town was renamed by the Pennsylvania Railroad. Picturesque Ardmore was developed as a result, and became…
Home Sales Start to Soar Amidst all the chatter of a low-inventory housing market, pending home sales have reached their highest point since August 2013. Pending home sales (aka homes that are currently under contract and scheduled to make settlement soon) have climbed 8.4% from this time last year, leading industry experts to speculate that the spring selling…
Can You Qualify For HomeBuyer Assistance Programs? There are over 2,290 programs across the country designed to assist homebuyers with meeting their down payment requirements, according to RealtyTrac. The real estate research giant teamed up with Down Payment Resource, a purveyor of down payment assistance programs, to evaluate the many options. The average amount of…
EveryHome is Down the Shore We are excited for the opportunity to offer friendly, local, hometown EveryHome agents are down the shore, Jersey shore to be exact! and pssst–now is the best time of year to buy! While vacation home prices have increased this past year, they are still considered historically low…but there are a few…
Americans Are Falling Back in Love with Urban Living After decades of steady urban growth (measured by increase in population, home prices, and job growth), the tides are turning and America’s biggest cities are regaining popularity. Experts expect this trend to continue. Image via realtor.com Urban areas across the nation are enjoying a resurgence of job…
What Can Be Expected for The Real Estate Market in 2015? Industry experts are predicting housing happiness in 2015, with the prospect of a stronger job market, continued low interest rates, and low fuel prices. This is a winning combination that will lead consumers to achieve affordable homeownership. Industry leaders believe that home prices will continue…
Philadelphia Among Least Affordable Rental Market Philadelphia is already famous for cheesesteaks, diehard sports fans, and brotherly love. Now it can add one more to its list: an unaffordable rental market. As many locals will tell you, rental prices in Philadelphia continue to rise. While it’s great for investors (!!!), it’s become increasingly difficult for renters to…
Congrats to our neighbors in West Goshen Township (Chester County) and Horsham (Montgomery County) for being named #10 and #34, respectively, on Money Magazine’s Best Places to Live in the United States! The comprehensive list of “America’s Best Small Towns” is compiled based on economic data, good schools, and a strong sense of community. West…