Real Estate Trends in Media PA

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

Sunday, July 31, 2011

Tuesday, July 19, 2011

Media Borough approves $670,000 bid for old borough hall

Daily Times has reported that Media Borough Council has approved the sale of the old borough hall at 1 W. State St. The building, at the geographic center of the business district at State and Jackson streets. This beautiful building has been empty for some time. The board chose the offer of Claudio Sandolo, a restaurateur who owns Spasso Italian Grill in Old City, Philadelphia. Sandolo has agreed to some renovations, geared for his operation and to give Borough Council first right of refusal if and when they choose to sell it. looking forward to a new restaurant in Media. Welcome!

Friday, July 15, 2011

Just 5 minutes from Media, Swarthmore, Brookhaven and Wallingford

We are so lucky to have access to so many beautiful areas... parks, arboretums, wild life preserves... convenience of a Philadelphia Center City  15 - 20 minutes away and wonderful towns like Swarthmore and Media right here.  Tyler arboretum off of Chestnut Parkway in Wallingofrd is full of beautiful varieties of trees, shrubs, flowers, birds, creatures and all is free... great for a leisurely romantic stroll or an outing for a family

Tyler Arboretum - a creek runs through it! More photos on my Facebook Page "Real Home"

Lowering FHA Loan Limits part 2

In today's real estate market, lowering the loan limits will make mortgages more expensive for households nationwide. Private investors have not yet returned to housing markets, and FHA and GSE mortgages together continue to constitute the vast majority of home financing available today, which makes it particularly critical to extend the current limits.  Lowering the loan limits now will leave credit-worthy borrowers without access to affordable financing and will prolong our housing crisis.

Although many believe that lower rates will only affect a few high-cost markets. the new limits, published by HUD and the Federal Housing Finance Agency (FHFA), show that more than 669 counties in 42 states and the territories would be negatively impacted by the loan limit change. The average decline in loan limits would be more than $68,000. Only eight states will see no decline. Every other state will see a drop in loan limits, and therefore a corresponding drop in the availability and affordability of mortgage credit. I urge you to call your representative or write and ask them to pass legislation, like H.R. 1754 in the House, to make the current limits for FHA and the GSEs permanent, and preserve housing opportunities for American families

Wednesday, July 13, 2011

FHA Loan limits are dropping -

October 1, 2011 FHA loan limits are dropping to  $379,500

Monday, July 11, 2011

From a mortgage prospective

Last week's report showed smallest job gain in 9 months

Chart presented by Mortgage Market Guide used with permission from Kenton Davidson

Sunday, July 10, 2011

Unique Home in Wallingford

 Very interesting post and beam home in Wallingford.  Stop by to see it today 1-3.  

Wednesday, July 6, 2011

Delaware County Market Statistics

TrendMLS reports following for home sales in Delaware County:

In May 2010 there were 483 homes that settled and in 2011 was down to 365. 

Median price was $194,000 in 2010 and in 2011 median price rose to $202,000. 

Friday, July 1, 2011

Green topics - Green friendly home improvements

Green friendly home improvements will likely yield a solid return on investment come selling time as almost three quarters of Canadians (72%) say they will look for a green-improved property in their next home purchase, and 63 per cent will be willing to pay more for an environmentally friendly home, according to the Royal LePage Eco Home Survey released today. The joint Royal LePage National Association of Green Agents and Brokers Eco Home Survey, which examines the attitudes and opinions of Canadians with respect to green living, found that Canadians are willing to pony up cash for greener home features. In fact, 62 per cent of respondents are willing to pay between $5,000 and $20,000, for green features, while eight per cent (8%) of respondents are willing to spend $20,000 or more on a home deemed green. (  April, 2008)

Summertime Home Selling Tips

Some of the things to keep in mind when selling your home in summer is that in today's market buyers have many choices - always keep in mind:  "what can I do to stand-out from the rest"?
Just a small vase with flowers will do the trick

Two important tips:

1. Keep the house comfortably cold, they will stay longer
2. Make sure your outdoor spaces are represented indoors and the outdoor spaces are inviting - don't leave it to the buyer's imagination but stage it for an "event". Porch, patio, deck, back yard, walkways, that is desirable and usable space in summer, show them how... it will bring dollars your way!

for more take a look at my July 2011 Real Estate Update

quet, relaxing spot for reading or a cup of tea