This past October, many in the real estate industry were worried about the state of the real estate market. After a national building boom that has lasted for more than 7 years, many in the business were wary of a slowdown. During the fall of last year, mortgage rates hit 7-year highs, price appreciation was suffering, and total home sales declined.
Despite all of these issues- Philadelphia and some surrounding areas hit record numbers for homes sold. To add a cherry on top sold prices climbed by 4.2 percent durin... read more
February 2019 Market Update
As we finally break free from winter’s grasp, let’s take a look at the state of the market for February.
The market tends to slow down in the winter months due to holidays and inclement weather; once the weather starts warming up in mid to late March, we tend to see higher levels of activity. This year we were treated to a few days beyond the historical average with one day reaching 67 degrees in mid-February.
Much like the weather the market saw above average numbers... read more