Monday's Main Event - Vol. 160.0 - 02.02.2026

 

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... ... Winter Weather affects showings and new Pendings... With January closed, the preliminary counts show the month was down about -4% from a year ago while Resales were up +2% and New Construction was down a little more than -20%. Newly Pending contracts dipped last week, likely predominately from the winter storm that affected the entire North East Corridor, keeping people closer to home. There was no material change in rates last week, still hovering around 6.1% for the month.  February a year ago dropped slightly from January, so we should expect to see a similar year-over-year trend, but comparing to January, we don't expect to see much change at this point. To sum it up...  January finished slightly behind last year overall. Resales continued to show relative strength, while new construction remained the softer part of the market and is driving the year-over-year gap. Newly pending contracts eased last week, and the timing lines up with the winter storm that blanketed much of the Northeast. Weather-driven slowdowns like this often create a brief pause in showings and decision-making, followed by a catch-up period once travel and schedules normalize. Mortgage rates were essentially steady through the week. With borrowing costs holding in a familiar range, buyer behavior is likely to stay selective—strong response to well-priced, well-presented homes, and more hesitation when value isn’t obvious. Looking ahead, February typically cools a bit from the early-year surge. That suggests the year-over-year comparison may remain similar near term, with limited month-to-month movement unless we see a meaningful shift in rates, inventory, or buyer confidence.   Congratulations to my Buyers ! Purchased as a Second Home and Investment Property, they are looking forward to many years of lucrative enjoyment! This beautiful Frank model from Insight Homes is is well appointed and ready to move into.  Now being offered at $585,000 - it's priced $10K below the builders base price.  This home can't be replicated for this price! Come see it, today! 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 Under Contract! I'm very happy for my Sellers and the Buyers / future owners as they move toward settlement and achieving their life goals. Property Info:  https://us-east.prospects.com/prospects/m.do?tk=720bb53289d66f8909d5efbaae8bbed3 Property Walking Tour: https://my.matterport.com/show/?m=be9GSVjC34n 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.