September Is Realtor® Safety Month
Education and awareness are keys to protecting yourself.
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Suburbs? 3D Houses? What Millennials Are Looking For in This Market
Struggling to find affordable homes, millennials are looking to the suburbs and interested in alternative options, like 3D housing.
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Buying Cheaper than Renting in 48% of Markets
Pittsburgh was named one of the most affordable places in the country for buyers. Buying a starter home compared to renting would save consumers nearly 28%.
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Private Water Sources: What Buyers Should Consider
Over 1 million homes in Pennsylvania are not served by community water.
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Bucks County Uses NAR Grant to Help Homeowners Impacted by Recent Flash Flooding
Six to 10 inches of rain fell in less than four hours in Bucks County, causing a “100-year flooding” of the Neshaminy Creek, which runs through Bensalem Township, Bristol borough and Bristol Township. The flooding emergency closed many roadways and required emergency evacuations of dozens of residents in several communities. More than 800 families suffered loss or damage to their homes due to this flooding and many of the homes in this area did not have flood insurance because they aren’t located in a flood zone.
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Going Green in Commercial Properties
Nearly 70% of commercial real estate agents surveyed said advertising energy-efficiency for a commercial property is somewhat or very valuable.
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Housing Starts, Builder Confidence Down
“While the demographics and interest for homebuying remain solid, higher costs and material access issues have resulted in lower levels of home building and even put a hold on some new home sales,” said NAHB Chief Economist Robert Dietz. “While these supply-side limitations are holding back the market, our expectation is that production bottlenecks should ease over the coming months and the market should return to more normal conditions.”
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Bidding Wars Decrease, Is Relief on the Way for Buyers?
More inventory may be what’s decreasing bidding wars and allowing more buyers the opportunity to enter the market. Realtor.com® found that there were 10% more homes on the market in July compared to June.
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Home Improvement Projects Remain Popular Among Owners
Home improvement projects have jumped 25% since the start of 2021.
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Median Home Sale Price Up in 99% of Metros
Compared to the second quarter of 2020, the median sale price of single-family homes jumped 22.9% or $66,800 in the second quarter of 2021.
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