Monday's Main Event - Vol. 142.0 - 09.22.2025

 

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... ... Rates came down with the Fed rate drop last week and is pushing closer to the 6% mark. With one week left in the month, September month-to-date fell just behind last year with a big drop in the number of closings last week compared to the same week a year ago, predominately fueled by fewer Detached homes.  The average home price increased for the month with only Townhomes seeing a slight dip from a year ago. The Fed finally dropped the Fed Rate a quarter of a point last week, bringing the 30 year national average mortgage rate down to 6.26%, just slightly above last years average.  To sum it up...  Year to date we're still seeing strong increases over the same period a year ago, with both units and the average home price increasing more than 5% for the comparable time. As we get closer to the 6% threshold with 30 year mortgage rates, we do expect to see the market easing a little bit more.  And, rumblings have that the Fed may make one or two more reductions before the end of the year, which should get rates below, if not well below, the 6% threshold. Just Listed in Rehoboth Beach - This charming Cape Cod style home sits on .23 acres and boasts a large, fenced in back yard.  Complete with 4 bedrooms and 2 bathrooms, there's plenty of room for a house full of guests.  With proven income potential, it would also make for a great investment property.   Property Info:  https://us-east.prospects.com/prospects/m.do?tk=bbe576d6d126459dbe1b4412a001bb70 Property Video: https://players.brightcove.net/5782667248001/default_default/index.html?videoId=6379262464112 Property Walking Tour: https://my.matterport.com/show/?m=M9s5DLYpx2Y 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 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.