Monday's Main Event - Vol. 122.0 - 04.21.2025

 

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... ... Summer is just about here...  It's time to get serious about that beach house! Resale Home Closings year to date through March were up slightly vs a year ago with the average home prices relatively flat.  Homes east of Rt 1 have seen a boost this year up 19% in transactions and 58% in the average home price.   The 30 year fixed rate mortgage average jumped last week by 20 basis points increasing the average rate vs. last month and pushing toward last years rate.  Tariffs and market uncertainty are having a near-term impact on rates, but the FED so far has said they will still plan to bring rates down in coming months. To sum it up...  Resale home sales year to date have slowed down, with the exception of East of Rt. 1.  Although we are still seeing homes selling at or above their originally listed price, it may take a little longer for those buyers do commit.   Even though we are seeing market volatility, nationally, there is a push from the current Administration to have the Fed lower rates.  This is a great time to making a purchase with the understanding that refinancing to a lower rate may be not that far away. Open House this Saturday, 4/26 from 10am to 12 noon.  Less than a year old, this newly constructed Schell Brothers Southport model is exceptionally appointed with all of the features of a modern, luxury coastal home.  The bright and open floor plan, complete with a Chef's Kitchen, allows for elegant, casual entertaining and is the perfect retreat after a long day. For more information, View Listing 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.