
Home Sales Fall; More Sellers Report Dropping Price
Nearly 20% of sellers dropped their home price in the four weeks leading up to May 22.
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PAR’s Consumer Campaign Reaches Millions in the Commonwealth
Millions of people across the commonwealth have seen PAR’s ads encouraging consumers to find a Realtor® via billboard, digital and other advertising since the start of 2022.
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Rental Profit Margin Decreases
According to ATTOM Data Solutions, the profit margin for the average three-bedroom single-family home rental decreased in 72% of counties so far in 2022.
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Rising Mortgage Rates Have Some Buyers Hitting Pause
According to a recent report from Forbes, 34% of buyers in a survey said they are putting their search on pause, 32% are not applying for a mortgage now and 12% are not going to refinance.
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Foreclosures See a Drop After Months of Increases
A total of 30,674 properties in the U.S. had foreclosure filings in April, up 160% year over year.
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Most Sellers Plan to Be Buyers This Year
According to realtor.com®, 72% of sellers this year are also planning to be buyers.
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Homeowners Considered Equity-Rich on the Rise
According to ATTOM Data Solutions, for 44.9% of homes with mortgages, the combined amount of loan balances was no more than 50% of their home’s market value.
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Most Popular Remodeling Projects
Throughout the COVID-19 pandemic, remodeling has seen a boost in popularity and according to a recent survey from Houzz, owners are continuing to prioritize the kitchen most.
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Bring Postcards Back Into Your Marketing Mix
For real estate agents, direct mail is part of a key marketing strategy that involves planting, nurturing and cultivating leads that grow into future business.
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Eight Pa. Cities Make Best Places to Live
Pittsburgh nabbed the top spot for Pennsylvania, coming in 26th place, followed by Harrisburg in 35th, Lancaster in 61st, Reading in 74th, Scranton in 89th, York in 92nd, Philadelphia in 99th and Allentown in 111th.
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