Monday's Main Event - Vol. 132.0 - 07.07.2025

 

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... ... Mortgage Rates are lower in recent weeks, how will the Fed's decisions impact the local Real Estate market? ... June overall was down in total closings vs. a year ago, but there were a few areas of note to explain this.  While Detached Homes and Condo's were both down, Townhomes were up a significant amount.  The average home price was up about 5.5% in total, supported mostly by the increase in the Detached Homes increase over last year. As we anticipated July interest rates dropping from June, we saw a 10 basis point reduction last week, bringing July so far close to a quarter of a point below last years average rate.   To sum it up...  June's Closings vs. last year were down in total, driven by lower Detached Home sales.  As we come in to July and we are seeing interest rates drop in a more material way, we hope to see new contracts and closings rebound.   The FED has given a lot of thought and debate around lowering short term rates sooner than they originally anticipated, but the most recent positive jobs reports indicate that they may not need to make the move as soon as recently anticipated.  With new tariff deadlines looming, everyone will be looking to the consumer confidence numbers and how that may affect larger market moves, including the Fed Rate. Congratulations to the Sellers of this amazing home in Hailey's Glen, and to the Buyers who will soon call it home! 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.