News & Updates

The statistics referenced here and in the attached chart are based on single family homes derived from the Bright Multiple Listing Service. Active Listings/Current Inventory As of the end of July, there were a total of 1,966 homes on the market, a decrease of 5%  from the previous month’s end inventory of 2,060.  This represents … Continue reading Current Real Estate Market Conditions – July 2019 →

Bicycle-friendly amenities are contributing to a surge in property values in communities across the globe, marshaled by developments in urban centers and suburban outposts that accommodate “active” transportation. Click link for map of the Rehoboth Lewes Bike Path – which is continuing to grow! http://www.dnrec.delaware.gov/parks/Information/Documents/GordonsPond/4-13/Region%20Map.pdf “Today, bike trails, bike lanes, bike-share systems, and other forms of active … Continue reading Bike Paths Lift Home Values →

Mortgage Rate Update . . . Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “Mortgage rates continued to hover near three-year lows and purchase application demand has responded, rising steadily over the last two months to the highest year-over-year change since the fall of 2017. While the improvement has yet to impact home … Continue reading Mortgage Rate Update →

It’s Either a Tear down or A Remodel Older homes that served our grandparents and parents well may appear poorly planned for today’s families. They tend to be smaller with narrow lots, closed-off kitchens, and fewer bathrooms and bedrooms. On the other hand, older homes tend to offer character and quality craftsmanship that is unmatched … Continue reading Tear Down or ReModel? →

This Month’s Market Watch Analysis Here is our analysis of the real estate market in Sussex County, Delaware.  Statistics used here are based on Single-Family home sales through the end of June 2019, derived from the Bright Multiple Listing Service. They do not comprise all home sales in the market. Active Listings/Current Inventory As of … Continue reading Current Real Estate Market Conditions for Sussex County, DE →

  What You Should Know Before Co-Signing a Home Loan Many home buyers need help from friends and family to qualify for a home loan through co-signing. Of home purchase loans in the U.S. during the second quarter of 2017, 22.8 percent included a co-signer, up from 21.3 percent in the second quarter of 2016—according … Continue reading What You Should Know Before Co-Signing a Home Loan →

Current Market Conditions For Sussex County, DE (as of 5/31/2019—based on sales of single-family homes) Total Single Family Homes on the Market as of 5/31/2019 2,066 Up 2% from last month Inventory Breakdown: Resale Homes—74% New Const.—26% Total Single Family Homes Sold Current Year 1,442 Total Single Family Homes Sold Previous Year 1,411 % Change … Continue reading Current Market Conditions For Sussex County, DE →

  American households today are poles apart from those in recent years, as living arrangements continue shifting to accommodate adult children, aging parents, and the generation between them. This change, according to the National Association of Insurance Commissioners (NAIC), can impact your insurance needs. “Longer life spans, decisions to marry later and the tight job … Continue reading Mom, Me and Junior: Insuring a Multigenerational Household →

  Crossing the threshold to your first home is one of the most exciting moments in a young person’s life… until that first mortgage payment is due. Then the heating bill. And the electric. And the taxes. Let’s face it. Home ownership can be pricey, especially when you’re a newbie. For those still adjusting to … Continue reading How New Homeowners Can Save Money →

SELLERS TAKE NOTE – FORM 5403 Effective Jan 1, 2019 The Delaware Division of Revenue has revised Form 5403, Declaration of Estimated Income Tax, effective for any transactions occurring after January 1, 2019, regardless of the contract date. The new form requires the Seller to fill out section 6 of the form, unless they are … Continue reading SELLERS TAKE NOTE – FORM 5403 Effective Jan 1, 2019 →