Misrepresentation of Property is the Top Claim Filed Against Realtors®
One of the top reasons Realtors® receive complaints is the misrepresentation of property, making up about 70% of claims, with water issues topping the list.
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National Foreclosures Up 153% Year Over Year
Foreclosure filings in the U.S. reached 164,581 in the first half of 2022.
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Pa. Homeowner Assistance Fund Staff Attends Community Outreach Events
PAHAF program staff will be available for in-person assistance with the mortgage relief application process at several sites in August.
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Sellers’ Profits Hit Another Record High
Sellers’ profits reached 55.5% in the second quarter of 2022, up from 48.3% in the first quarter.
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Most Homeowners Plan to Age in Place
Sixty-eight percent of homeowners are somewhat or very interested in retiring and staying in their current home.
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Pennsylvania Named One of the Best States for Beer Lovers
According to VinePair, the commonwealth has the second highest number of craft breweries at 486, behind only California.
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Percentage of Properties Receiving Multiple Offers Falls to Two-Year Low as Mortgage Rates Continue to Rise
In June, the percentage of homes on the market receiving multiple offers fell below 50% for the first time in more than two years.
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Many Consumers Confused About Down Payments
More than one-third of Americans believe that a 20% down payment is required to buy a home.
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Lake Ariel Named One of the Most Affordable Lake Towns in the U.S.
“We’re the lake region of the Poconos and Lake Ariel is right at the heart of it,” said Will Clauss, a local Realtor® in the region.
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PAR’s Courtney Box Named to Forty Under 40 List
Box, who has been with the association for more than seven years, is responsible for managing five local associations and three multi-listing services.
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