Chester County News and Community Website
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
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 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
PENNSYLVANIA — Higher interest rates and limited inventory continue to factor in the cooling of the housing market in Pennsylvania, like many other areas of the country. September home sales …
Home Sales Down in Pennsylvania Read More
SEATTLE, WA — Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled …
Housing Affordability Hits 15-Year Low as Prices, Mortgage Rates Rise Read More
WASHINGTON, D.C. — The Internal Revenue Service recently announced that interest rates will increase for the calendar quarter beginning July 1, 2022. The rates will be:
IRS Interest Rates Increase for Third Quarter of 2022 Read More
WILMINGTON, DE — Nearly three-quarters of Americans (72%) feel confident they will achieve their financial goals, according to a new WSFS Bank survey. However, two-in-five (39%) said they’re not confident …
Study: Inflation, High Costs and Poor Credit Are a Concern for Many Americans Read More
HARRISBURG, PA — Governor Tom Wolf announced awards of more than $2.8 million in tax-exempt, low-interest financing for five Lancaster and Chester County farms through the Next Generation Farmer Loan …
5 Lancaster and Chester County Farms Receive $2.8 Million in Tax-exempt, Low-interest Financing Read More
LEMOYNE, PA — Pennsylvania housing prices rose 14% last year reaching a median price of $192,040, up from $168,152 in 2020, according to a housing market report prepared for the Pennsylvania Association of Realtors®.
Pennsylvania Housing Prices Up 14% in 2021, Listings Are Down Drastically Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) this week finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products. The rule …
CFPB Issues Final Rule to Facilitate Transition from LIBOR Read More