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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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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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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