News & Updates

Current Market Conditions for Sussex County, DE (as of 3/31/2020—based on sales of single-family homes) Active Listings/Current Inventory As of the end of March, there were a total of 1,663 homes on the market, a minmimal decrease from the previous month’s end inventory of 1,666.  This represents a 6-month’s supply of inventory, with a current … Continue reading Real Estate Activity 1st Qtr. 2020 Sussex County →

The BeachByBabs Team offers the following update in an effort to keep our Clients Informed and Safe .  .  . Guidelines for Real Estate Professionals in Delaware Advisory Guidance for Safe Practices for Real Estate Agents in Delaware to Comply with the State of Emergency Declared for our safety by Governor Carney.  This has been reviewed through the Division … Continue reading Updated Guidelines for Real Estate Professionals in Delaware →

  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 →

January 2020 Real Estate Market Update Active Listings/Current Inventory As of the end of January, there were a total of 1,628 homes on the market, a decrease of 1% from the previous month’s end inventory of 1,639.  This represents a 6-month’s supply of inventory, with a current absorption rate of 255 homes sold per month … Continue reading January 2020 Real Estate Market 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 →

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  –  December 2019 Active Listings/Current Inventory As of the end of December, there were a total of 1,639 homes on the market, a decrease of 5% from the previous month’s end inventory of 1,722.  This represents a 5-month’s supply of inventory, with a current absorption rate of 344 homes sold per … Continue reading Real Estate Market Update – December 2019 →

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 . . . →