Monday's Main Event - Vol. 161.0 - 02.09.2026

 

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... ... Interest rates have a huge impact on monthly payments... January Closed by Property Type quickly reveals that Detached Home Closings were down 7% year over year while Townhomes made a 14% leap. Same story as last week, the weather has been unkind to home shopping.  Newly Pending contracts dipped again last week while temperatures were in the 20's and teens and the wind chills at some points were below zero. Last week the Fed reported a .01% increase in the 30 year average mortgage rate, nationally, so virtually unchanged from the prior week.  The effect in real dollars of the current rate shows a -$3 improvement over the average January rate and an overall reduction of -$258 on the same $500,000 loan amount compared to a year ago. To sum it up...    🏠 January closings by property type show a split: detached home closings softened year-over-year, while townhomes posted a notable jump. 📊 Pending activity slipped again last week, and the stretch of harsh winter conditions likely continued to keep buyers and sellers on the sidelines. 💰 Mortgage rates were essentially flat week-over-week nationally, and the math on a typical loan points to slightly better monthly payments versus the January average and a meaningful improvement compared with last year. ☀️ If weather moderates, watch for a near-term rebound in showings and contract activity—though momentum may vary by property type as buyers stay value-focused. Congratulations to my Buyers ! Purchased as a Second Home and Investment Property, they are looking forward to many years of lucrative enjoyment! 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.