NAR Report: Existing Home Sales Down.... But Prices are Up

Interesting Read:  

http://www.realtor.org/topics/existing-home-sales?om_rid=AABwfy&om_mid=_BSapkIB82BmVxN&om_ntype=NARWeekly

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Best Kept Secret In Delaware County - Swarthmore/Wallingford School District without the High Taxes... Open Sunday 1-3 pm $210,000.00

110 LINDEN AVE PROPERTY DETAILS $210,000 LISTING INFORMATION MLS: 6227457 Bedrooms: 4 Full Baths: 1 Partial Baths: 1 Sq ft: 1836 Lot Size: 0.14 Taxes: $0.00 PROPERTY DESCRIPTION Beautiful and spacious 4 BR / 1.5 BA Victorian Twin. Enjoy all that the award-winning Wallingford-Swarthmore School District has to offer with affordable Rutledge Borough tax base. Property features amazing rear yard 150' deep, wrap-around covered, screend porch perfec tfor summer nights, high ceilings t/o make this 1800 square foot Twin feel just right. Walk-up finished attic ideal for multi-media room or master bedroom suite. EIK, main level laundry room, new heater, hot water heater, roo and windows keep future maintenance at a low cost. FIRST: Covered screened, wrap-around porch, foyer entrance, formal living room, formal dining room, eat-in kitchen, laundry room, newer powder room (2008), O/E to large level rear yard. SECOND: Master Bedroom, 2 large additional bedrooms, center hall bath. THIRD: Walk-up finished heated attic with storage room ideal for multi-media room or teen suite. CONTACT INFORMATION Matt Russo Prudential Fox & Roach Realtors 601 East Baltimore Pike Media 19063 Phone: 610-532-7000 Fax: 610-566-8664 http://www.russohomes.com/ ADDITIONAL IMAGES

OPEN HOUSE Sunday 1-3 Custom Built all Brick Colonial 4 Bedroom/ 4 Full Bath with In-Law Suite and 2 Car Detached Garage $259,900

108 E RODGERS ST PROPERTY DETAILS $259,900 LISTING INFORMATION MLS: 6285188 Bedrooms: 4 Full Baths: 4 Partial Baths: 0 Sq ft: 2016 Lot Size: 0.13 Taxes: $0.00 PROPERTY DESCRIPTION A Rare Opportunity to Own this Custom Home. Nestled in the heart of Ridley Park Borough this beautiful all-brick custom 4 bedroom / 4 full bath Single Colonial features a spacious floor plan w/lower level in-law suite which consists of living room, full bath, kitchen and bedroom with private entrance. The main level features beautiful newer eat-in kitchen with ceramic accents, formal living with fireplace, formal dining room, main level family room, and a full bath. The upper level features master bedroom suite with Jacuzzi tub, 3 additional large bedrooms, full center hall bath, and walk up attic storage on third floor. Finished basement game room, New windows, heater and central air. There is a 2-car detached garage with loft, and a fenced rear yard with gazebo. A true one of a kind opportunity to own this custom gem. CONTACT INFORMATION Matt Russo Prudential Fox & Roach Realtors 601 East Baltimore Pike Media 19063 Phone: 610-532-7000 Fax: 610-566-8664 http://www.russohomes.com/ ADDITIONAL IMAGES

Asking the right questions can made all the difference in finding home owners insurance coverage

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When purchasing a home, you will need to acquire homeowners insurance. In fact, all lenders will require a policy to be in force prior to funding the loan. Make sure you have enough coverage should anything happen. Policies refer to "replacement costs" that may not cover everything. You should ask your insurance agent a lot of "what if" questions. The deductible amount also plays a big part in setting your premium. Higher deductibles lower the number of claims, and reduce your insurance costs.
Check with your insurance agent for more information on these issues and others. If you don't have an insurance agent, we have access to several top-notch agents to whom we can refer you with confidence.

Existing Homes Sales Continue to Rise

Existing-home sales rose again in August and reached their highest levels in six and a half years, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops rose 1.7 percent and are currently on pace to reach 5.48 million units for the year, up 13.2 percent over levels set just last year.





NAR chief economist Lawrence Yun questions whether the market will level off. "Rising mortgage interest rates pushed more buyers to close deals, but monthly sales are likely to be uneven in the months ahead from several market frictions," he said. "Tight inventory is limiting choices in many areas, higher mortgage interest rates mean affordability isn’t as favorable as it was, and restrictive mortgage lending standards are keeping some otherwise qualified buyers from completing a purchase."
Mortgage giant Freddie Mac reported another increase in the national commitment rate for a 30-year fixed rate conventional mortgage, up to 4.46 percent in August, compared to 4.37 percent in July. Despite the recent rise, current mortgage interest rates remain near historic lows.