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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Why are there so many Legal Hotline calls from buyer brokers who have put themselves in a position where they cannot collect a fee from their buyer clients?
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Scranton Named Second Cheapest City for Homebuyers
In Scranton, the median home listing price in September was just $225,000 or $124 per square foot.
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What Technology Is Most Impactful for Your Real Estate Business?
E-signatures were the most impactful technology for agents’ business over the past year.
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Tips for Downsizing
Court Ebeling of Carter’s Home Downsizing and Resale Specialists, LLC has a few tips and tricks after more than a decade in the downsizing business.
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Down Payments Up 35% Year Over Year In Biggest Metros
The average down payment in the top 50 largest metros is $62,611, up from $46,238 in September 2021. The down payment represents 58.3% on average of each area’s average yearly income.
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Pennsylvania Cities Top Best Places to Retire List
The site ranked Lancaster first, Harrisburg second, York fifth, Allentown ninth and Reading 10th. Scranton (17th), Philadelphia (19th) and Pittsburgh (20th) also made the list of 150 cities best for retirees.
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