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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Home Flips Up; Profit Margin Drops
Flippers in commonwealth cities were very successful though. In Pittsburgh, flippers saw 154.2% return on investment, while in Philadelphia, flippers saw a 100% ROI.
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How Student Loan Debt Is Impacting Buyers
Twenty-nine percent of respondents with student loan debt reported it has impacted their ability to purchase a home, while 15% said it has limited their ability to rent alone or change their living circumstances.
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“Will I Ever Own?” Renters Express Fear About Never Being Able to Buy
Nearly 90% of Americans said they would rather own a home than rent, but 48% of renters said they are afraid they will never be able to take that step and buy.
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Exton Named One of the Best “Family-Friendly” Suburbs in the U.S.
“There are excellent biking, running and walking trails, beautiful parks of all sizes and styles, municipalities that are attentive to great activities of all types for residents and visitors, vibrant shopping, dining, services, good train service, access to major routes and, of course, a variety of wonderful housing. It’s a great place to be,” said Kathy McQuilkin, a past PAR president who works in the area.
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