Monday's Main Event - Vol. 97.0 - 09.23.2024

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 keep dropping and a Fed Rate reduction anticipated, this may be the best time to buy a new home in the near term. Year to date, New Construction represents about 25% of the total closings through August with the largest growth area between Rt. 1 and Rt 113.  While new Construction home prices are still higher than resale homes, they have come down year over year closer to the beaches. The national average 30 year mortgage rate was 6.09% last week.  Nearing 6%, we are seeing more transactions and new listings coming on the market. To sum it up...    Last week the Fed pulled the trigger and reduced the Federal Reserve Rate by .5% and we saw a .2% reduction in the national mortgage rate as a result.  More inventory is coming on the market and lower mortgage rates are expected to create higher demand as a result.   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.