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Foreclosure Inventory Down 34.3% from Last Year

Small house between tick and cross mark.

According to the latest CoreLogic National Foreclosure Report, “approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines. Anand Nallathambl, the President and CEO of CoreLogic, is hopeful for the future, … [Read More...]

Consumer Confidence at Highest Level in Over a Decade

Consumer-Confidence

Two recently released reports reveal that the American public is starting to feel much better about the U.S. economy. The University of Michigan’s Surveys of Consumers showed that: “Consumer optimism reached the highest level in the past decade in the January 2015 survey…Consumers judged prospects for the national economy as the best in a decade, with half of all consumers expecting the economic … [Read More...]

Net Worth: A Homeowner’s is 36x Greater Than A Renter!

Net-Worth

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. Some of the findings … [Read More...]

Real Estate Heading in the “Right Direction”

Right-Direction

The housing market has taken a great turn toward recovery over the last few years. The opinions of the American public toward real estate took longer to recover, until recently. For the first time since 2006, Americans have an overall positive view of real estate, giving the industry a 12% positive ranking in a Gallup poll. Americans were asked to rate 24 different business sectors and … [Read More...]

No Matter What the Groundhog Says… You Should Sell Before Spring!

Sell Your Home before Spring

Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season. Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own … [Read More...]

Existing Home Sales & Prices [INFOGRAPHIC]

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Things to do in State College February 2015

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Check out what's going on in State College this month!     … [Read More...]

13,808 Houses Sold Yesterday! Did Yours?

Houses-Sold-Yesterday

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly. After all 13,808 houses sold yesterday, 13,808 will sell today and 13,808 will sell tomorrow. 13,808! That is the average number of homes that sell each … [Read More...]

The Two Things You Don’t Need to Hear from Your Listing Agent

Peacock

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your home) Set the time schedule for the successful liquidation of that asset Set the fee for the services required to liquidate that asset An agent must be … [Read More...]

Why Have Interest Rates Dropped?

Why-Have-Interest-Rates-Dropped

The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might think that they should wait to buy, because rates may continue to fall. A recent article on the Economists’ Outlook blog by the National Association of REALTORS® (NAR) provides insight into one major factor in the … [Read More...]

Top 5 Overlooked Home-Related Tax Deductions

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Here are some best practices: February 06, 2014 It’s officially tax season! That may send shivers down your spine, there’s better news if you bought a home, moved because of a job or paid a mortgage or property taxes in 2014. You may be able to claim more deductions, and put more money back in your pocket. Here’s 5 common overlooked deductions: Moving expenses. To qualify to deduct … [Read More...]

The Right Kitchen Remodel Can Pay Off

Kitchen remodel

Since functionally kitchens are multi-dimensional social environments in addition to cooking space a good kitchen today accommodates many people and tasks. “Open concept kitchen” is the hot new term since it expands the kitchen into the family room and allows for social interaction with everyone in the family room. Probably the biggest design feature of today’s kitchen may be the center island. … [Read More...]

Things to do in State College, January 2015

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Check out what's going on in State College this month!       … [Read More...]

20 Things You Need To Know About State College Before You Move Here

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State College's claim to fame is Penn State, but there's more to this town than just football--awesome waffles anyone? Article provided by Melissa Bierly of movoto.com 1. We Taught Ben & Jerry How To Make Ice Cream Source: Flickr user donhomer That's right, Ben Cohen and Jerry Greenfield, founders of Ben & Jerry's Ice Cream, learned to make ice cream at Penn State's Berkey Creamery. … [Read More...]

Things to do in State College December 2014

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Check out what's going on in State College this month!     … [Read More...]