Monday's Main Event - Vol. 91.0 - 08.05.2024

 

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 dropped last week, Buyers are starting to look more seriously again... Closings across Sussex County, year to date, are mostly up with the area between Rt's 1 and 113 holding the highest number of transactions and the largest positive gain from last year.  That said,  the average price is relatively flat with that same quadrant pulling the total down slightly from last month. Rates dropped again last week and the national average is down more than .3% from where it was a year ago. To sum it up...    Sales remain fairly consistent with slight moves up and down within each of the 4 quadrants of Sussex County.  We have seen slightly lower prices have driven more transactions in the largest regional market.  This also happens to be where the lion share of New Construction is happening, so we'll take a closer look at that dynamic, too. Interest rates have a strong foothold in the downward trend compared to last month and last year.  With the Fed indicating that they are likely to take a rate cut in September, some critics are saying that they waited too long and may need to shave off a full .5%.  Assuming that trickles down to Mortgage Rates, rates will likely be between 6-6.25% and some local lenders may even be below 6%!  This should be an exciting time for Buyers who have been waiting for lower rates.   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.