Chester County News and Community Website
Investor home purchases fell 30.2% year over year nationwide in the third quarter, according to a new report from Redfin.com, a technology-powered real estate brokerage. That is the largest decline since …
Report: Real Estate Investors Pull Back Nationwide Read More
Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs, according to a new report from Redfin, a technology-powered real estate brokerage.
Report: Buyers Giving Up on Housing Market Read More
PENNSYLVANIA — The number of existing home sales fell again last month to 10,702 in Pennsylvania, down 23% year over year, according to a report prepared for the Pennsylvania Association of …
Home Sales in Pennsylvania Fell Again Last Month Read More
An American making an average wage needs to work about 63 hours before earning enough to pay the typical monthly U.S. rent of $2,040. That is three hours more than they …
Rent Prices Are Increasing Faster Than Wages Read More
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for October 2022:
HUD: 20.8% Increase in Housing Starts but Sales Down 5.8% from Last Year Read More
Buyers and sellers are both stepping away as skyrocketing mortgage rates have settled the housing market into a more balanced state, according to the latest Zillow® market report1. Home values remained …
Mortgage Rates Settle Housing Market Into Balanced State Read More
October revealed a vastly different housing market from one year ago, with 30.7% fewer closings, 36.8% more homes for sale, and the average home taking nearly a week longer to …
October Housing Report: 30.7% Fewer Closings, 36.8% More Homes for Sale Read More
Home-sale prices rose 3.2% year over year during the four-week period ending November 6, the smallest increase since July 2020, according to a new report from Redfin (redfin.com), a real estate brokerage.
Report: Home-Sale Prices Rise at the Slowest Pace in Over a Year Read More DEVON, PA — “We are continuing to see a decrease in buyer demand due to elevated interest rates. With uncertainty about the economy, this is allowing inventory to slowly increase,” …
BHHS Fox & Roach: Decrease in Home Buyer Demand Due to Elevated Interest Rates Read More
DOWNINGTOWN, PA — Fernmoor Homes held a groundbreaking Wednesday for their upcoming Mi-Place™ at Downingtown apartments and townhomes in Caln Township, Downingtown, PA. This new residential community will add 400 …
Fernmoor Homes Holds Groundbreaking for Mi-Place at Downingtown Read More