Delaware Valley Real Estate - OnPoint with Letitia Stevenson

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Has There Ever Been a Better Time to Buy a Home? (Delaware Valley Real Estate - Northern Delaware)

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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Share Your Thoughts in the comments section below!

 

 Letitia Stevenson, REALTOR®  | Licensed in DE, PA & MD |  

Berkshire Hathaway HomeServices Fox & Roach, REALTORS® 

(Formerly Prudential Fox & Roach, REALTORS®)

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Aston | Avondale | Bear | Berwyn | Chadds Ford | Chester County | Delaware County |Garnet Valley | Greenville | Hockessin | Kennett Square | Landenberg | Lincoln University |Media | Montgomery County | New Castle County | Newark | Newtown Square | North Wilmington | Oxford | Philadelphia County |  Villanova | West Chester

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New Castle County ($750K+) | Chester County ($1M+) | Delaware County ($1M+) | Montgomery County ($1M+) | Philadelphia County ($1M+)

Comment balloon 5 commentsLetitia Stevenson • October 28 2011 02:34PM

Comments

In Michigan - Such a great time to buy.  Interest rates at an all time low and houses priced competitively for all buyers and investors.  Banks still offering 0 down programs for those who qualifiy and need assistance.

Posted by Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team (Ann Arbor Market Center Keller Williams) almost 7 years ago

Hi Leticia,

Thanks for your "welcome" post. I LIKED your FB page. Perhaps you could LIKE mine http://www.facebook.com/SusanNextage?sk=wall

Learning and looking as this is new to me. Let's stay in touch. We have family in Wilmington. Small world.

Sarasota Suze

Posted by Susan Phelps (Cristello & Company) almost 7 years ago

Letitia,  Thanks for the words of encouragement.  I do like your Blog page.  It is something I need to work toward.

Posted by Vince Chinell, CPI (VICO Home Inspection) almost 7 years ago

Always enjoy seeing what is going on and blog posts from different areas of the country. Have a wonderful Sunday

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 6 years ago

Great post! Excellent words of encouragement!

Thanks,

Adam

Posted by Adam Malachi, QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR (A 2 Z Realty LLC) over 6 years ago

Participate