Monday's Main Event - Vol. 90.0 - 07.29.2024

 

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... A few more sales this year over last year with a marginal decrease in the average home price.... Early numbers year to date through July are showing a 2% increase over the first 7 months of 2023 with slight decreases in the average closed price year over year. As we were expecting (and hoping for) the national average mortgage rate was down from June and nearly flat to July of last year.  Rates generally prove to be lower in Delaware vs. the rest of the country, so expect to see something better from your lender!! To sum it up...    We saw inventories on the rise last week and can now report that year to date Sales have increased as well.  Days on the Market for Closed properties are still in the low to mid 20's, which indicates buyers are ready to pounce when the right property becomes available.  Interest rates have indeed come down slightly, despite the Fed holding rates.  Soon, we expect to hear the Fed confirm a FED rate drop for September.  We've been talking about this for a while, and it looks like it may actually come to fruition.   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.