Realtor®, Home Renovator, Investor, Mom
Buying a house in today’s market might seem daunting with higher interest rates. However, purchasing at a higher rate now with plans to refinance later could be a good strategic move. This approach allows you to lock in the current price of the home and reduce your interest rate (and monthly payments) by refinancing in the future.
In the Philly metro area, the real estate scene is really heating up! Home prices are at a two-year high, with the New Jersey suburbs seeing the quickest rise. Even though more homes are being listed than last year, sales aren’t slowing down – half of the homes are selling in just 9 days or less.
In the Philly metro area, after a slight increase in February, the housing inventory took a dip again in March, and it doesn’t look like that’s going to change anytime soon. With fewer new listings, pending sales, and closed transactions, it’s a tough market. Despite the low activity, home prices are still on the rise. Nearly every county is dealing with less inventory than last year.
Mark your calendars for a celestial spectacle over Bucks County, PA, on April 8, 2024! The partial solar eclipse kicks off at 2:08 p.m., hitting its peak at 3:24 p.m. when a stunning 89.5% of the sun will be hidden by the moon’s shadow. The whole show wraps up by 4:35 p.m. It’s a rare treat you won’t want to miss, so find a great spot, grab your eclipse glasses, and enjoy the afternoon sky show!
If you’re house hunting in the Philly metro area, brace yourself. It’s a highly competitive housing market right now, thanks to high mortgage rates and a rapid increase in home prices, the quickest we’ve seen since May 2022. The number of homes for sale hasn’t really changed much, keeping prices on the rise. Although fewer homes have been selling compared to last year, the ones that do list are flying off the market in about 20 days or less.
