Pocono Lake Preserve, PA

Home sales rise to highest level in 2.5 years

11-23-09

Jeff and Heather Rickert Pocono Realtor®, RSPS

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Office: (215) 631-1900

Mobile: (215) 850-9640

October home sales rose 10.1 percent, beating expectations, as tax credit spurred sales.

Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.

Home sales nationwide are now up nearly 36 percent from their bottom in January, data Monday showed, though they are still 16 percent below the peak in autumn 2005. At the current sales pace, there is only a 7-month supply of homes on the market and in some areas there are bidding wars.

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5 Factors that Decide Your Credit Score

06-29-09

Jeff and Heather Rickert Pocono Realtor®, RSPS

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Office: (215) 631-1900

Mobile: (215) 850-9640

Realtor Magazine Online News and Commentary section said:

1. Scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.

2. Your Payment History. Whether you paid credit card obligations on time

3. How Much You Owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.

4. The Length of Your Credit History. In general the longer the better.

5. How Much New Credit You Have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.

The Types of Credit You Use. Generally, it's desirable to have more than one type of credit-installment loans, credit cards, and a mortgage, for example.

For more on evaluating and understanding your credit score, go to http://www.myfico.com.

Keller Williams Real Estate
601 Bethlehem Pike
Building B, Suite 100
Montgomeryville, PA 18936
Main Office: 215-631-1900
Direct: 215-850-9640 · Contact Form