Delaware Valley Real Estate - OnPoint with Letitia Stevenson

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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Other Related Article(s):

• It's Time to Buy That House

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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). 

Click on the “FullScreen” icon on the bottom panel to maximize the document. 

Other Related Article(s): 

• It's Time to Buy That House

Share Your Thoughts in the comments section below!

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.