Monday's Main Event - Vol. 87.0 - 07.08.2024

Monday's Main Event Get a jump on your week with the latest in local Real Estate Market trends, Mortgage Rates, and Local Happenings The Main Story... Mortgage Rates are stabilizing, are Buyers ready to save? Year to Date closings through June show the number of homes closed on to be down in all quadrants with the exception of the area between Rt's 1 and 113.  The Year to Date average home price did increase in all quadrants, also with the exception of Between Rts 1 & 113, where there is a decline of 4% year over year. National Mortgage Rates are nearing parity with June and July this year being relatively flat to each other and up only .06% from a year ago.  The Fed reports this week are expecting to be good and talks of a rate reduction in the near future is likely. To sum it up...    Repeat from last week - it's that important.... As interest rates come down and more inventory becomes available, we are quickly becoming poised for a feeding frenzy of Buyers looking to get in to their new home or investment property.  Consider this... July 2023, interest rates averaged 6.84%.  Last week, the National Average was 6.86%.  So, if rates continue to decline as they have the last 4 weeks, the average Buyer will be able to afford more in July of 2024 vs. 2023.  This will likely accelerate demand and keep prices stable or possibly increase them.  Now is the time to get financing in order to be on the front of the momentum.   Call, Text or Email me 215-432-3066 // jeff@jeffheckerhomes.net Looking for a Deal ? See what's been sitting around for more than 90 Days and where the greatest opportunities are to negotiate with Sellers Detached Homes Townhomes Condominiums Manufactured Homes See something you like ? Call, Text or Email me for more information. jeff@jeffheckerhomes.net  215-432-3066 Accredited Buyers Reprensentative I'm proud to say that recently I became an Accredited Buyers Representative through the National Association of Realtors. This accreditation is geared toward the nuances of a Buyer and Seller relationship and how Agency comes into play with Unrepresented Buyers. Did you know, if you're a Buyer and don't have an Agency relationship with your Realtor®, they are representing the Seller, NOT YOU!? For More Information: Jeff Hecker - 215-432-3066 - jeff@jeffheckerhomes.net Click Here to start your home search, today! Help me, help you. Complete the Survey Forward this to a Friend Real Estate Portfolio Analysis Stay up to date on your home valuations and real estate assets with a real estate portfolio review. New Newsletter Content Want something that you don’t see in this newsletter? Hit reply and let me know! Local Business Recommendations Reach out to me for any home improvement project contractors, or even food & activity recommendations. Market Stats for Specific Towns or Communities I’m here to help decode the mystery of the Sussex County Real Estate market. Let me know which communities you are interested in for more information.

 

Did you find this information helpful?  Let me know by simply replying "thanks" in the comments, below. Interested in information about a specific town or community?  Let me know in the comments, below.   I'm here to help decode the mystery of the Sussex County Delaware Real Estate market. *all information in this email is relative to Sussex County Delaware and is not to be construed as the case for Kent or New Castle Counties.