Monday's Main Event - Vol. 100.0 - 10.14.2024

 

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... New Construction is still available close to the beach, but Builders are struggling a bit to see year over year growth. Delving into the Year to Date numbers for New Construction by Quadrant, we can see the largest growth area for New Construction is between Rts 1 and 113, with 36% of the homes sold being new builds and this segment makes up 79% of all New Construction purchases in Sussex County so far this year.  Nationally, we saw a slight uptick in 30 year mortgage rates last week, but still significantly lower than a year ago. To sum it up...    Builders continue to make up about 25% of the home purchases in Sussex County, with only slight growth over a year ago.  They continue to push on prices and incentives to get Buyer conversion. With interest rates lower, Buyers are taking advantage of this market and momentum.  As a Realtor®, I am licensed to work directly with Builders on behalf of my Buyer Clients and Builders are STILL paying Buyers Agents on behalf of the Buyer. Don't be left questioning your decision, leverage my expertise and let's talk new construction!   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.