Real Estate Trends in Media PA

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Media, PA, United States
Direct: 610-420-0498 Office 610-627-4937 BHHS Fox and Roach Realtors Email: Visit my website:

Tuesday, March 22, 2011

Delaware County Parks and Recreation

We are so lucky in Delaware County. There are dozens and dozens of parks for play and fun.  Here is a link to some major parks.  Spring is here we can take advantage of many acitivies.

Delaware County Parks and Recreation

Monday, March 21, 2011

Swimming Pool Options in Wallingford - Swarthmore area

We are so fortunate.  Here are just some options for swimming this summer in Wallingford Swarthmore area:

Wallingford Swim Club

Creek Side Swim Club

Swarthmore Ware Pool

Swarthmore College swim club

Springhaven Golf Club

Great possibilities for this summer!

NAR reports that Existing home sales overall have dropped in February 2011

National Association of Realtors reports that existing home sales have dropped in February.  Please remember these are national figures:

Existing-home sales1, which are completed transactions that include single-family, town homes, condominiums and co-ops, dropped 9.6 percent to a seasonally adjusted annual rate of 4.88 million in February from an upwardly revised 5.40 million in January, and are 2.8 percent

From a mortgage prospective - Weekly Update

Wednesday, March 16, 2011

FHFA issues new appraisal standards, effective Sept. 1

The Uniform Appraisal Dataset (UAD) was created to improve the quality and consistency of appraisals on mortgages for Fannie Mae and Freddie Mac, according to FHFA. Recently announced by the Federal Housing Finance Agency (FHFA) and take effect September 1.

For Realtors®, Bradley said it’s important to know that appraisals will now be required to have standardized verbiage. “We’re no longer allowed to use words like ‘fair’ or ‘good’ to rate a property. Appraisers will be required to use condition (C1-C6) and quality (Q1-Q6) ratings based on the provided definitions,” she explained.

“More than ever before, appraisers must have well documented reports that prove the value of the home. No longer are appraisers the ‘final word’ on the value. Lenders routinely use computer generated valuations to compare against the appraisal. If the computer’s value differs from the appraiser’s value, the processing of the loan is halted and additional documentation is requested from the appraiser,” Bradley said.

Will this be one more way to complicate real estate world? Do you think that this will help buyer and sellers? In my experience, local professionals know the value and to their due diligence provides better data than any computer has proven to me to know that one side of Baltimore Pike is more desirable in this area but a mile down the other side is preferred by location. Let me know what you think.

Monday, March 14, 2011

Local Business - Delaware County

Happersett Construction - great job with roof repairs and replacement; reasonable prices; replaces nad cleans gutters - Support Local Business

(610) 299-0016

Just visited a beautiful villa in Rose Valley

Downing, Price, Shay and Batchelor were four architects who contributed to this quietly elegant farm house with a look and feel of a Mediterranean villa.  Amazing features, no $$$ spared to make a unique, understated graceful oasis in Rose Valley. Manor House, Guest Cottage and more.Original Samuel Yellin iron work, Original window and door hardware, Original Pocket doors, Original iron work, Mercer tiled fireplaces, original trust ceiling beams... You must see this beauty.  Words are not enough to describe the luxury.  For more information, details and a private showing call me. I will be glad to arrange this one time in 30 years opportunity. 

From a Mortgage Prospective

Last week in review and this week forecast.

Sunday, March 13, 2011


Saves time and money when planning for a new home.


Friday, March 11, 2011

Home for sale in Media - Open House

 416 Wedgwood lane in Media
Beautiful home, great location, most certainly not a drive-by come and see it.  Sellers invite you to visit this Sunday 1-3.  Have a fun weekend!

Friday, March 4, 2011

Mortgage Weekly Update

Today's Mortgage Rates

30 year conforming -5% with 0 points
15 year conforming-4.25% with 0 points

FHA 4.875% with 0 points

30 year Jumbo -5.25% with 0 points
15 year Jumbo-4.5% with 0 points