A well-priced home in good condition in central Pennsylvania typically goes under contract within one to two weeks. A home that misses on either variable, overpriced, poorly maintained, or both, begins to stall after three weeks, triggering a reassessment between agent and seller. That gap between fast-moving and lingering inventory is defining the region’s market, ...
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Latest Pennsylvania Real Estate News
New-construction homes in the greater Pittsburgh area are selling rapidly, even as buyers openly complain about the build quality of some of the region’s largest homebuilders. That disconnect between persistent demand and known concerns raises a practical question for anyone shopping for a new build: if the market will not punish builders for cutting corners, ...
A signed contract used to mark the point where Philadelphia home sellers could exhale. That assumption is breaking down. Buyers who have already signed agreements and put down deposits are backing out before closing, and Alona Richardson, a Realtor with OCF Realty LLC, the largest independent brokerage in Philadelphia, says economic anxiety is driving the ...
In Philadelphia’s residential market, the neighborhoods generating the most buzz are not necessarily the ones where buyers will see the strongest returns. Buyers willing to look past the most hyped areas and hold for at least five to seven years may do better in the less prominent blocks ringing Center City, according to Ariel Morgenstein, ...
Condo prices in the Strip District average around $800,000, and townhomes there have sold in the $2 million range. A few blocks away in downtown Pittsburgh, per-square-foot prices run roughly $200 lower, according to Racheallee Lacek, team leader of the Lacek Group at Piatt Sotheby’s International Realty. That gap has created a pricing window attracting relocating professionals, ...
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The best local real estate news from other markets across the KeyCrew network.
It is tempting, when a listing has sat for a few weeks with no offers, to assume the price is wrong. In many markets, that instinct is correct. But in military-dependent markets like Hampton Roads, Virginia, a stale late-summer listing may not be a pricing problem – it may be a calendar problem, according to ...
In the western suburbs of Chicago, homeowners who list above market value, banking on the idea that a motivated buyer will negotiate down, are not just sitting on stale listings. According to Michael Berg, a broker covering DuPage County and parts of Cook County, those overpriced homes function as unpaid marketing for every competitively priced ...
Most first-time buyers in the outskirts of Los Angeles County assume they should wait for mortgage rates to drop before purchasing. But if home prices keep climbing while they wait, the savings on interest get erased by a higher purchase price, and the higher principal balance stays for the life of the loan. Gabriella Godde, ...
Scroll through listings in North Orange County, California, this fall and the market looks like it is softening: price reductions dotting the inventory, homes sitting longer than they did a year ago, sellers pulling back from their original ask. For buyers, it is tempting to read those cuts as a signal that values are falling ...
The common narrative around Joshua Tree is that the market is drowning in vacation rentals, too many Airbnbs chasing too few guests. But in a market that still draws over three million visitors a year, the vacancy problem may have less to do with how many rentals exist and more to do with what owners ...
Selling a home is supposed to be the exit strategy. But for a growing number of homeowners in Las Vegas, the math on a sale does not work right now, and the result is a wave of reluctant landlords entering a rental market that punishes inexperience. Corinne Gordon, a Realtor and co-owner of Hive Real ...
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