Monday Morning Coffee

Market News:
In Montgomery County, PA the inventory accumulation has decreased compared to last year and sale prices continue to stabilize.
Inventory:
October 2011    October 2012
4,977                 4,175

Settled Homes:
October 2011     October 2012
483                     507

Median Sale Price:
October 2011      October 2012
$247,000             $246,000

Home Tips:
Traditionally, after Thanksgiving the Christmas lights go up. Are you debating between LED lights or traditional bulbs? Here are some tips for the new LED light options. 

• LED Holiday Lights: 6 Need-to-Know Tips

  LED holiday lights vs. old-fashioned bulbs: 6 tips to help you decide which is right for you. Read

Visit houselogic.com for more articles like this.

Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®

Monday Morning Coffee

While you're spending time with family and friends over the upcoming Thanksgiving holiday weekend,  there's a good possibility the topic of housing would come up. Maybe someone got a new job and needs to move, or a rental lease is ending soon and they are debating on what to do, or your Aunt and Uncle want to downsize now that the kids are out of the house.
This is a great opportunity to tell them you know a Realtor that is happy to answer any questions and assist with their real estate needs.

The process of buying a home changes often. So even if your friend or family member is a seasoned home buyer, it is beneficial to speak to a professional to get an idea of their local market and learn the necessary steps to take.

Always feel free to pass my information along:
Kelly Kneeland
484-343-2406 Direct
KSKneeland@gmail.com

Wishing you and your love ones a wonderful Thanksgiving day celebration!

October Updates

Real Estate Market News:

October 2012 Real Trends Market Report:

The October 2012 report shows that the rate of housing sales increased dramatically on an annualized basis over a year ago.  Overall, October 2012 new and existing unit sales were up 23.3 percent from a year ago.  The annual rate for October of 2012 was 5.699 million up from the 4.623 million recorded in October 2011.

The average price of homes sold increased significantly rising 9.0 percent from October 2011 to October 2012. 

November 12, 2012 – The REAL Trends Housing Market Report showed that the combination of new and existing home sales in October 2012 strengthened from the prior year.  The annualized rate of the combination of new and existing home sales increased to 5.699 million up from the 4.623 million recorded in October 2011.

The average price of homes sold in October 2012 was up 9.0 percent from the average price of homes sold in October 2011 marking the seventh consecutive month of increased home sale prices. 

Home Maintenance Tips:
Keep up to date on Outdoor Fall Chores that will PAY YOU BACK!
Yahoo! Homes

Monday Morning Coffee

Today we honor those men and women who serve and protect our freedom. Thank you for all you do and have done for our country. You are our real heroes!

Find out where you can participate in ceremonies around Philadelphia:
Veteran Day ceremonies

Monday Morning Coffee

My thoughts and prayers go out to the families that have lost their homes or are still suffering from hurricane Sandy. 

The Storm may Prompt Mortgage Relief:
"The government-controlled mortgage finance giants said Tuesday that mortgage companies that collect payments for them can give breaks to homeowners affected by the storm. The aid will come in the form of a forbearance plan, which allows homeowners to delay payment on some or part of the loan, but the amount is still owed.
Fannie Mae said it allows mortgage companies, also known as loan servicers, to temporarily suspend or reduce a homeowner’s mortgage payments for up to 90 days without reaching the homeowner. After that, homeowners may get additional aid, typically for up to a year."
More information <<here>>

**Don't Forget to Vote Tomorrow, November 6th!**
Get Pennsylvania Voter information at https://www.pavoterservices.state.pa.us/Pages/SurePortalHome.aspx


Home Storage Tip:

• 

  Low-Cost Kitchen Storage: Cheap Stress Reduction

  Low-cost storage strategies bring calm to your kitchen, banishing stress-inducing clutter and leaving the space orderly. Read

Visit houselogic.com for more articles like this.

Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®