News & Updates

  Without doubt we are all living in a historic and difficult time.  Rest assured that our first priority is the safety and health of all our clients, both buyers and sellers.  And in order to protect everyone, all of us in the real estate profession have strict new rules with respect to the practice … Continue reading Adapting to Change So You Don’t Miss the Future . . . →

February Mortgage Rate Update Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “This week’s mortgage rates were the second lowest in three years, supporting homebuyer demand and leading to higher refinancing activity. Borrowers who take advantage of these low rates can improve their cash flow by lowering their monthly mortgage payments, giving them … Continue reading February 2020 Mortgage Rate Update →

National Association of REALTORS 2019 PROFILE OF HOME BUYERS AND SELLERS Since 1981 the National Association of Realtors (NAR) has conducted an annual survey of recent home buyers and sellers “nationally” in an effort to gain insight into their buying or selling experience. Below is an excerpt of the 2019 Survey.  For the Full Report … Continue reading 2019 Profile of Home Buyers and Sellers →

January Real Estate Mortgage RoundUp Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “This week’s mortgage rates were the second lowest in three years, supporting homebuyer demand and leading to higher refinancing activity. Borrowers who take advantage of these low rates can improve their cash flow by lowering their monthly mortgage payments, giving … Continue reading January Real Estate Mortgage RoundUp →

8 Ways to Boost Your Home’s Value Improving the look and functionality of your home goes a long way toward boosting its value. But what types of renovation are today’s buyers looking for? If you are thinking of remodeling, a national survey by Consumer Reports reveals the most sought-after amenities: Kitchens top the list– Buyers … Continue reading 8 Ways to Boost Your Homes Value →

Eco-friendly Kitchen Features That Won’t Break the Bank Eco-friendly features are all the rage today as homeowners commit to living greener lives. But for those looking to reduce their carbon footprint, where do you begin? For many, the answer is the kitchen. The central hub of the home, the kitchen offers a perfect foundation for … Continue reading Eco-friendly Kitchen Features That Won’t Break the Bank →

December Real Estate Mortgage Roundup Freddie Mac’s results of its Primary Mortgage Market Survey® shows that ” The 30-year fixed-rate mortgage rate saw little change again this week and averaged just 3.9% during 2019, the fourth lowest annual average since 1971 when Freddie Mac started its weekly survey. Heading into 2020, low mortgage rates and the … Continue reading December Mortgage Rate Round Up →

Real Estate Market Watch – November 2019 Active Listings/Current Inventory As of the end of November, there were a total of 1,722 homes on the market, a decrease of 5% from the previous month’s end inventory of 1,805.  This represents a 5-month’s supply of inventory, with a current absorption rate of 341 homes sold per … Continue reading Real Estate Market Update – November 2019 →

November Real Estate Roundup Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “The housing market continues to steadily gain momentum with rising home buyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates. Residential real estate accounts for one-sixth of the economy, and the improving … Continue reading November 2019 Mortgage Round Up . . . →

The Inside Scoop on Wet Rooms It’s official: Wet rooms are a rising trend in luxury bathroom design. For years, they’ve been used as a solution when space was limited, but this style is increasingly being seen in high-end homes for many reasons. Before we dive into them, however, you might be asking yourself, “What … Continue reading Wet Rooms – Why they may be the Perfect Solution . . . →

October Real Estate Mortgage Roundup Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield. Mortgage rates are following suit but are at near historic … Continue reading October 2019 Mortgage Update →

Current Market Conditions For Sussex County, DE (as of 10/31/2019—based on sales of single-family homes) Total Single Family Homes on the Market as of 10/31/2019:  1,805 DOWN 4% from last month Inventory Breakdown:     Resale Homes—66%   New Const.—34% ~~~~~ Total Single Family Homes Sold Current Year:   3,396 Total Single Family Homes Sold Previous Year:   3,201 % … Continue reading Real Estate Market Activity for October 2019 →