Technology Important to Buyers, But Realtors® Still Remain Who They Turn to
However, 97% of buyers do turn to the internet when looking for a home. In fact, 43% said their first step was to look online for homes for sale, while 18% contacted a Realtor® first.
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Register to Vote Today
The deadline to register to vote in the next election, which will take place Nov. 2, 2021, is quickly approaching. You must register by Oct. 18 to be eligible to participate in this election.
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Homebuyers’ Top Concerns Include Staying in Budget, Finding Right Neighborhood
“I am finding that many buyers, especially younger buyers, are looking for houses that are already renovated without having to do a tremendous amount of work, along with really sticking to their budget and mental comfort zone of a monthly payment,” said PAR President Chris Raad.
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What Couples Are Arguing About in the Homebuying Process
Not surprisingly, agreeing on a price was the biggest hurdle for most couples.
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More Renters Residing in Suburbs
In Pennsylvania, Pottstown saw the largest percentage jump of renters, with renter share growing 31%, followed by Wilkensburg at 14% from 2010 to 2019.
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5 Pa. Counties Named to List of Most Affordable Places in the U.S.
According to ATTOM Data, Schuylkill County, Fayette County, Cambria County, Blair County and Mercer County are some of the most affordable places to buy a home in the U.S.
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New Home Sales Up; Existing Home Sales Drop
In August, sales of newly built single-family homes were up 1.5%, while existing home sales dropped 2%.
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Report Finds Appraisal Gap in Minority Communities
The report found that in mostly Latino neighborhoods, 15.4% of homes appraised came below the contract price, compared to 7.4% of White neighborhoods, making the gap 8%. In mostly Black neighborhoods, 12.5 homes appraised came below contract price, making the gap 5.2%.
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What to Expect with New Flood Insurance Rates
Flood insurance rates through the National Flood Insurance Program are changing beginning Oct. 1 as the new Risk Rating 2.0 is implemented. All new policies will be rated with RR 2.0 as of Oct. 1, and current policies will reflect the RR 2.0 rate as of April 1, 2022. “Some properties in Pennsylvania will see increases, some will see decreases and others will remain the same,” according to Maggie Dunn, outreach coordinator for the Mitigation Division at Federal Emergency Management Agency Region 3, which includes Pennsylvania, Delaware, District of Columbia, Maryland, Virginia and West Virginia.
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Realtor® Safety: Let Beverly Carter’s Story Influence You to Take More Precautions
As Realtor®Safety Month comes to a close, Carl Carter Jr. shared his late mother’s story to remind Realtors® to never take a shortcut when it comes to Realtor® safety.
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