Has There Ever Been a Better Time to Buy a Home?
(Delaware Valley Real Estate - Northern Delaware)
While Northern Delaware (Wilmington DE-MD-NJ Metro Area) house prices have declined since the peak of the market (down 13.74% since 2006*), prices have appreciated over the past ten years (up 58% since 2000*) and housing (in my opinion) has become the most attractive asset class in America, especially for investors, as well as, home buyers looking to stay put for a while.
You may be asking yourself: "Has There Ever Been a Better Time to Buy a Home?" Well, there is a time for everything, including buying a home. But how do you know if the time is right for you? In the Fall/Winter 2011 issue of The Chairman's Report (Northern Delaware Edition), Larry Flick, Chairman and CEO of Prudential Fox & Roach REALTORS, looks at several ways of answering this question using regional market trends.
*Source of Above Data: Case-Shiller Home Price Index. Single-Family Aggregate Index, 2000Q1=100), SA (Wilmington DE MD NJ Metro Area Counties: New Castle, DE, Cecil, MD, Salem, NJ).
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Has There Ever Been a Better Time to Buy a Home? (Delaware Valley Real Estate - Southeastern PA)
While Southeastern Pennsylvania house prices have declined since the peak of the market (down 7.15% since 2006*), prices have appreciated over the past ten years (up 71% since 2000*) and housing (in my opinion) has become the most attractive asset class in America, especially for investors, as well as, home buyers looking to stay put for a while.
You may be asking yourself: "Has There Ever Been a Better Time to Buy a Home?" Well, there is a time for everything, including buying a home. But how do you know if the time is right for you? In the Fall/Winter 2011 issue of The Chairman's Report (Southeastern Pennsylvania Edition), Larry Flick, Chairman and CEO of Prudential Fox & Roach REALTORS, looks at several ways of answering this question using regional market trends.
*Source of Above Data: Case-Shiller Home Price Index. Single-Family Aggregate Index, 2000Q1=100), SA (Philadelphia Metro Division PA Counties: Bucks, Chester, Delaware, Montgomery, Philadelphia).
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DSHA Update August 15, 2011 - Rate Change (Delaware First Time Home Buyers Program)
DSHA has reduced the interest rates under its Delaware First Time Home Buyers Program (SFMRB). The SFMRB program offers 30-year mortgages with a fixed interest rate to first-time homebuyers, i.e., buyers who have not owned a principal residence within the past three years.
Current interest rates, 30 year fixed-rate mortgage (As of this post, Rates Subject to Change):
Qualified buyers can also use the Second Mortgage Assistance Loan (SMAL) program for down payment and closing cost assistance up to $10,000 in conjunction with the Delaware First Time Home Buyers Program, making it possible for the buyers to purchase with little to no money out of pocket.
The content provided in this post is presented as a courtesy to be used only for informational purposes and is not represented to be complete or error free. For the latest information, rates, requirements and updates on DSHA's affordable homebuyers programs, please visit DSHA's Homeowenership online. Or, contact a participating mortgage lender/mortgage consultant, like Gail Frederick from Trident Mortgage (DSHA 2010 Top Producing Lender).
If you have any real estate questions, please contact me (Letitia Stevenson).
Buying a Home: Are We There Yet?
Are you thinking of buying a home? But, you’re still sitting on the fence, wondering “Are we there yet?” That is, “Has the real estate market really reached a turning point?” Read On. It could be a turning point for you!
The Summer 2011 issue of The Chairman’s Report below answers the question “Are We There Yet?”
In This Issue:
Is Buying a Home Still a Good Investment?
Are Real Estate Prices at the Bottom?
Is There Going to be a Double Dip Recession?
Isn’t it Hard to Get a Mortgage Now?
Why Now is the Time
What If I Need to Sell?
Are We There Yet?
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The following regional editions of the Summer 2011 PFR Chairman's Report are available:
Wilmington DE
Southeastern PA
Central NJ
Southern NJ
NJ Shore
GET YOUR OWN COPY! To request a copy, please contact me and indicate which edition of this report you would like sent directly to your inbox.
DSHA Update June 30, 2011 - Rate Change (Delaware First Time Home Buyers Program)
DSHA has changed interest rates under its Delaware First Time Home Buyers Program (SFMRB). The SFMRB program offers 30-year mortgages with a fixed interest rate to first-time homebuyers, i.e., buyers who have not owned a principal residence within the past three years.
Current interest rates, 30 year fixed-rate mortgage (As of this post, Rates Subject to Change):
Qualified buyers can also use the Second Mortgage Assistance Loan (SMAL) program for down payment and closing cost assistance up to $10,000 in conjunction with the Delaware First Time Home Buyers Program, making it possible for the buyers to purchase with little to no money out of pocket.
The content provided in this post is presented as a courtesy to be used only for informational purposes and is not represented to be complete or error free. For the latest information, rates, requirements and updates on DSHA's affordable homebuyers programs, please visit DSHA's Homeowenership online. Or, contact a participating mortgage lender/mortgage consultant, like Gail Frederick from Trident Mortgage (DSHA 2010 Top Producing Lender).
If you have any real estate questions, please contact me (Letitia Stevenson).
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Letitia Stevenson, REALTOR® |Full Time Professional - Licensed in DE, PA & MD | Delaware Valley Real Estate and Homes for Sale | Prudential Fox & Roach REALTORS® serving DE, MD, NJ & PA
REAL ESTATE: I am a REALTOR® (a member of the NATIONAL ASSOCIATION of REALTORS®), but I'm not your average real estate professional . . . I'm "The Real Estate Coach." I offer advice and guidance to help my clients successfully navigate through the entire process. I'm committed to educating clients and working closely with them to understand their priorities and goals, identify opportunities and challenges, and implement strategies to achieve the best possible results through dedicated partnership.
I am dedicated to providing the finest level of service, with the care, competence and commitment you deserve. My goal is to serve you in such a way that you will be excited about recommending me to your family, friends and associates.
If you have any real estate questions, Contact Letitia Stevenson. Whether buying, selling, or just curious to learn more, I'm here to assist you. Also, if you know someone who would appreciate the level of service I provide, please contact me with their name, email address and phone number. I will take care of the rest!
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Professional Experience/Qualifications:
15+ Years Experience in Sales & Marketing, Negotiating, Technology and Consulting
MBA, Management; BBA, Computer & Information Sciences
Full-time Real Estate Agent Licensed in DELAWARE, MARYLAND and PENNSYLVANIA
Accredited Home-Staging Specialist
Professional Seminar Developer and Speaker
Council of Residential Specialists - Grassroots Advisory Panel, 2-year (2010 & 2011) Appointment
Professional Memberships/Affiliations:
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Delaware Associations of REALTORS®
New Castle County Board of REALTORS®
Council of Residential Specialists
TREND Multiple Listing Service (MLS)
Project Management Institute (PMI)
HOME STAGING: As a professional real estate agent who knows what it takes to sell a home, I combine my marketing skills, real estate experience and creativity with the Art of Home Staging to showcase a property's desirable features and true potential in order to maximize its appeal and sale price, and speed the sales process.
For more information or specific help on how the benefits of staging might help sell your home, Contact Letitia Stevenson, Your Local Real Estate Agent and Accredited Home-Staging Specialist.
TESTIMONIALS... What People Are Saying About Letitia:
"Letitia, Thank you for being such a great real estate agent. We are very happy with our new home. We appreciate that you were so on top of things throughout the entire home buying process. We appreciate all the work you did to make our dream of home ownership a reality. We have enjoyed working with you and hope to work with you again in the future. Thanks!"
~ Chris & Christy
"Letitia, Thank you for keeping me balanced during my recent real estate transaction and helping me to believe that it was possible. I will always remember your professionalism and friendship you have shown."
~ Tim
"When I began to become curious with purchasing a home, I knew I was ill-equipped to make such a major purchase without the assistance of a highly qualified and skilled real estate professional. I received recommendations from a few friends and family members, however when I asked for some in-depth background about the recommendations, I felt they were given as a favor to the person and not necessarily the best choice for my transaction. I began researching the internet for information on home buying and came across a well written blog by Letitia Stevenson. I set up an initial consultation with Letitia and became a client the same day.
During the process of touring homes and the home searching process, Letitia was very thorough and concerned. She put me ahead of the transaction and I was assured she had my best interest at hand. Letitia believes in the total process of matching the homebuyer with the home of their choice. She reminds me of a well qualified attorney that is fighting for a good outcome for her client. Letitia made the process from home shopping to home ownership a smooth transition. If you want a real estate professional that believes in putting your best interest ahead of the transaction, you should definitely consider Letitia Stevenson, I am sure you will be glad you did, just as I was."
~ T. Robinson
"Letitia, I'm so grateful for your gentle guidance throughout the homebuying process."
~ C. Larkins
"Thanks Letitia. Thank you for everything. You did a fantastic job in a very difficult situation! I hope we work together again!"
~ K. Melcher, Coldwell Banker Rowley REALTORS®
"Letitia was very professional, courteous and knowledgeable. She knew exactly what she was doing from beginning to end. What we like best about working with Letitia is her knowledge of the home buying process and how she helped us come to quick settlement. We would recommend Letitia to anyone else looking to buy their home smoothly and hassle-free."
~ K&A Ridgley
"Letitia Stevenson is a Great Real Estate Agent - Experienced and Professional."
~ J.R. Thomas, Primary Residential Mortgage, Inc.
"Letitia is a true find. She is quite competent, extremely knowledgeable and stays current. Most important, Letitia takes excellent care of her clients, keeping them informed every step of the way!"
~ L. Watson, Real Estate Investor
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Letitia A. Stevenson, REALTOR®
Licensed in DE, MD and PA, I'm committed to educating clients and working closely with them to understand their priorities and goals, identify opportunities and challenges, and implement strategies to achieve the best possible results.
OnPoint with Letitia Stevenson
Prudential Fox & Roach, REALTORS®
Your local experts... serving DE, MD, NJ & PA. We are dedicated to providing our clients with the highest level of service. Prudential - A name you know, a name you trust.
Selling Your Home? GET IT SOLD!
If you’re ready to sell your house now, getting it sold (fast, for top dollar) will come down to how well your property competes with other houses on the market.
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Disclaimer: Any blog posts, comments and other contributions provided on this site are intended for informational purposes only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, agency relationship or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Laws and practices vary from state to state and if legal or other expert assistance is required, the services of a competent professional should be sought. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. All information provided is deemed reliable but is not guaranteed and should be independently verified. All information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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