Foreclosure Starts Up, More Consumers Report Feeling Worried About Losing Homes
In Pennsylvania, 18% of residents believe they are facing foreclosure and 7% reported being behind on mortgage payments.
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Reading Named One of the Hottest Housing Markets
Reading was named the 11th hottest housing market. With a median listing price of just $264,950, Reading is one of the most affordable communities on the list.
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PA House Committee Holds Hearing on Housing Affordability and Attainability
PAR Legislative Committee Chair Will Clauss represented the association’s 40,000 Realtors® and presented information about the housing market and challenges homebuyers are facing during public hearing with the House of Representatives Urban Affairs Committee last week in Harrisburg.
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Pennsylvania Median Home Sales Price Dips in August
The median existing home sales price in Pennsylvania was $209,794 in August, up 5% year over year, but down from July’s record high of $219,154.
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Three Pennsylvania Realtors® Honored at PAR Board of Directors Meeting
George Raad of the Greater Lehigh Valley Realtors® was posthumously given the Lifetime Achievement Award, Eric Rehling of the the Tri-County Suburban Realtors® was named Realtor® of the Year and Lisa Sanderson of the Pocono Mountains Association of Realtors® was presented the Realtor® Active in Politics award.
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FBI Special Agent Advises on Preventing Cybercrime in Real Estate
Business email compromise and email account compromise resulted in more than $92 million in losses in Pennsylvania last year, according to the FBI’s 2021 Internet Crime Complaint report.
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Millennial and Gen Z Renters Hit Hard by Inflation
Millennials who signed a new lease for a rental property saw their overall costs of good and services rise 11.6% year over year, while Generation Z renters saw theirs rise 11.3%, both noticeably higher than the average for the U.S. consumer of 8.5%.
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Consumers, Experts Predict Home Price Growth to Slow
Home prices are expected to ditch the double-digit gains and only jump 3.8% from July 2022 to next July.
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The Best Week to Buy a House? It’s Coming Up
According to data from Realtor.com®, Sept. 25 through Oct. 1 is the best time to buy a home this year across the U.S.
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Registration Open for 2022 Triple Play Convention
Until Oct. 17, the early bird registration rate is only $89 when signing up online.
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