Monday's Main Event - Vol. 89.0 - 07.22.2024

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... Inventories are up..... from last year, but are they really?? Through June, new residential resale listings are up almost 20% from a year ago.  This is great news, we need it!  However, compared to pre-Covid, we're still down almost 20% from those levels. Yay, yay, yay!  National average Mortgage Rates were down last week with the 30 year Fixed Conventional mortgage averaging at 6.77% across the country.  Rates are lower in Delaware, so expect to see something better from your lender!! To sum it up...    Inventory is on the rise, but is far from Pre-Covid levels, which is keeping prices firm despite the rising average number of days on market.  ADOM is currently at 28 days compared to 21 days for the same time period last year.  For comparison, 2019 was averaging 43 days. 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 SAVE, SAVE, SAVE....... on 107 Heritage Boulevard. Seller Financing available with a 4% interest rate!!  At 2.5 percentage points below the current rates in Delaware, this is more than $650 / month in savings (nearly $120K in 15 years).  Not to mention the thousands of dollars saved by not having Lender's Origination fees.  Builders can't touch this rate! 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.