Posted on Jul 07, 2022
Remember back when people used to write about how the younger generation would be able to afford a home - if only they gave up their avocado toast and Starbucks lattes? While the advice may have encouraged millennials to re-examine their spending habits, it ignored the reality of the situation: tha...
Posted on Jul 05, 2022
Home sellers have heard about how limited inventory has pushed prices up and led to bidding wars: many are now coming to the market expecting their homes to sell immediately, and for thousands of dollars over asking. While this may still be the case in some regions, potential home sellers should be...
Posted on Jun 28, 2022
Right now the median listing price for a home in the US is $430,300, and by the time you read this it will likely have climbed higher. For homebuyers hoping to put 20% down, that’s about $85,000 - not including closing costs. Even for homebuyers putting down the minimum of 3.5%, that’s st...
Posted on Jun 22, 2022
Delaware is a popular state to move to, especially for residents of nearby Pennsylvania, New Jersey, and Maryland thanks to Delaware's low tax rates and easygoing way of life. Delaware often manages to fly under the radar despite its affordable homes, beachfront property, and easy access to multiple...
Posted on Jun 17, 2022
It can seem impossible - especially in this market - to buy a home if you're part of a low-income household. Though it can be challenging, there are assistance programs and grants in place specifically to support low-income earners. It's worth taking a look at these options because home ownership is...
Posted on Jun 17, 2022
Houwzer's Market Outlook is based on the questions we continue to receive from clients, employees, and investors about the implications for the housing and mortgage markets in which we are active. Now that some of the patterns in the 2022 real estate market are starting to solidify, it's worth exam...
Posted on Jun 15, 2022
First-time homebuyers are often shocked to hear that after all the saving they did for the down payment, what they really need money for is closing costs - and the fees typically run into the thousands of dollars. Planning for closing costs is essential for having a successful home buying experienc...
Posted on Jun 09, 2022
After a two-year pause, Philadelphia's Office of Property Assessment (OPA) has finally posted updated real estate assessments - prompting many homeowners to react. The re-assessment will apply to taxes due next year in March 2023, and many homeowners are in for a rude awakening - over the past thre...
Posted on Jun 01, 2022
The U.S. housing market has been appreciating rapidly, with the median listing price climbing from $376,500 this January to $424,100 in April. For homebuyers who were already struggling with the high prices, it was incredibly demoralizing to see prices jump that dramatically - without seeing any inc...