Monday's Main Event - Vol. 139.0 - 09.01.2025

 

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... ... August ended stronger than it began, but what will that mean for September? August is in the rearview mirror and the last week of the month was strong compared to the first 3 weeks, ending the month with a slight increase in Closings from a year ago.  The average home price is still staying strong at +4.3% vs. last year and +7% over the 5 year average. The 30 year average mortgage rate stayed steady through the month which meant they declined from July, but not enough to meet or beat last years average rate in the month. To sum it up...  August had a very slow start and some would say it's a surprise to see a net gain over a year ago coming entirely from the last week.  Interest rates did come down and are poised to decline further as the Fed weighs their rate move in the coming weeks.  As we come in to September, we will look forward to a decline in the Fed rate and a hopeful move lower with mortgage rates, as well.   Just Listed - this beautiful Frank model from Insight Homes is located in an idillic setting in Millsboro, about 20 minutes to the beaches.  Just 6 years young - this very well appointed 4 bedroom, 3 bathroom home is complete with custom board and baton trim throughout and a cozy 3 season room overlooking community ponds and fountains. Property Info:  https://us-east.prospects.com/prospects/m.do?tk=2a9c8a39e688e6a745b94f04605c65d6 Property Video: https://players.brightcove.net/5781544516001/default_default/index.html?videoId=6377143916112 Property Walking Tour: https://my.matterport.com/show/?m=JqnUpkAVnSe Schedule a Private Tour of this 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.