PHFA’s Pennsylvania Homeowner Assistance Fund Increases Cap on Assistance
According to PHFA, there has been an increase on the maximum amount of assistance for those eligible for the Pennsylvania Homeowner Assistance Fund. Thanks to money from the American Rescue Plan Act, the cap has risen from $30,000 to $50,000.
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Active Listings Up 33.5% Year Over Year
According to Realtor.com®’s Monthly Housing Trends Report for October, the number of active listings across the U.S. rose 33.% year over year, representing 189,000 more houses on the market compared to last October.
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How to Further Fulfill Your Fiduciary Duty While Avoiding Lawsuits
An agent’s fiduciary duty includes properly guiding and advising clients by utilizing their current skills and knowledge to the best of their ability, as well as seeking out new tools and solutions that may better serve their clients.
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New Agents Cite Biggest Challenge Is Finding Leads
The majority of all Realtors® said they wish they had known more about lead generation when they first started in the business.
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Pennsylvania Home Prices Up Slightly, Sales Down in October
Median existing home sales prices rose slightly last month to $210,132, which is up 9.5% year over year, but down from this year’s high of $219,154 in July.
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Just Disclose It
“The seller says they don’t have to fill out a seller disclosure form because….”
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Percentage of First-Time Buyers Falls
The average age of the first-time homebuyer rose, from 33 years old to 36 years old, an all-time high.
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Realtors® Reach Out to Aid Charities Across State
Twenty-three associations hosted events that raised more than $80,000 and collected more than 500 pounds of food.
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Percentage of Homeowners Considered Equity-Rich Sees Boost
In the third quarter of this year, 48.5% of homes with a mortgage were considered equity-rich, which means that the loan balance remaining on the mortgage is not more than 50% of the home’s estimated market value. This is an increase from the second quarter, when it was 48.1% and an increase of 9% year over year.
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Will Student Loan Forgiveness Lead to More Millennial Buyers?
While nearly 49% of millennials are homeowners, 56% of these homeowners are still making student loan payments.
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