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Real estate Interest Rate Update When is the FED lowering the interest rate & steps to take to purchase a home? by (The JK Team)   Expected Interest Rate Changes The Federal Reserve is anticipated to lower interest rates at its next meeting on September 17 and 18, 20241. While this decision can influence mortgage rates, it’s important to remember that mortgage rates are also affected by various market factors12. Any expected rate cuts might already be reflected in current mortgage rates1. Steps […]
How to improve Credit How to improve your credit…. The JK Team   Improving your credit score can take some time, but following these steps can help you see progress: Check Your Credit Report: Obtain your credit report from the three major bureaus (Equifax, Experian, and TransUnion) and review it for any errors. You can get a free report annually from AnnualCreditReport.com. Dispute Errors: If you find […]
Real estate Interest Rate Update Mortgage Interest Rates as of Today! – The JK-Team   Current Real Estate Mortgage Interest Rates as of September 12, 2024 Navigating the world of real estate can be challenging, especially when it comes to understanding mortgage interest rates. As of September 12, 2024, the landscape of mortgage rates presents both opportunities and considerations for potential homebuyers. Current Rates Overview The median interest rate […]
Real estate Market Update Real estate Market Report for Southeast PA 9-11-24 – The JK Team Market Overview (Summer 2024) Home Sales: There has been a notable increase in home sales, with a 9.6% rise compared to the same period last year1. Median Sales Price: The median sales price for homes in Southeast Pennsylvania is approximately $307,7501. Inventory: The inventory of homes available for sale has seen a slight decrease, contributing […]
Real estate Market Update Market Update 9-10-24 The JK Team   New home sales were UP in August from July and above the seasonal norm. Lower rates, even in the 6’s, spawns buyers. (John Burns) Donald Trump says, if elected, he plans to cut the cost of a new home “in half” by slashing regulations so “young people can buy a home again.”  Many cumbersome […]
Real estate Market Update Market Update 9-7-24 / The JK Team A Look Into the Markets   This past week interest rates improved slightly from concerns of an economic slowdown. Let’s discuss what happened and look into the important news items next week. “Ba-dee-ya, say, do you remember? Ba-dee-ya, dancin’ in September Ba-dee-ya, never was a cloudy day” – September by Earth, Wind and Fire.   Labor […]
Real estate Market Update The latest Market Update 8-22-24 – The JK Team   We’re are at a 50-year high of building multi family apartments. As a result, median asking rent prices for apartments were LOWER in July, the first time lower rents have occurred since 2020. (Redfin) Custom home building is at a two-year HIGH. (NAHB)   There are 135,000 homeowners currently in forbearance. That’s only around […]
NAR SETTLEMENT NEWS Market Update 8-20-24 – The JK Team Hello Friends, The NAR Settlement is here. I thought this was interesting and good information… President and CEO of Anywhere Brands: “I don’t have a crystal ball on how every NAR-affiliated MLS or state association will interpret the legal language in NAR’s settlement. But what I do know is that we all have a choice: […]
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Real estate Interest Rate Update Interest Rates Market Update 8-17-24 from the JK Team   Interest rates continue to hover just beneath the best levels of the year. This past week an important inflation reading was delivered and bonds breathed a sigh of relief. Let’s discuss what happened and look at the events to watch for next week. “I’m going to Jackson; I’m going to mess around”…  – Jackson by […]

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