Monday, September 9, 2013

Monday Morning Updates

Market News:
Mortgage interest rates continue to be a big topic.
The average 30 year mortgage has risen more than a percentage point since May 2013.
They are still low- mid 4's- but with signs of a strengthening economy and house industry keeps driving rates up. 

Local News:
One of my persona favorite towns was spotlighted in the Philadelphia Inquire this weekend. Chester Springs is an area still encompassed by trees and rolling hills. Your located mostly within Downingtown School District (parts are also in Owen J Roberts, Phoenixville and Great Valley) and minutes from the Turnpike, shopping malls and quaint restaurants.

Chester Springs by the Numbers:

Population: 13,922 (2010) 
Median income: $133,736 (2010) 
Area: 26 square miles 
Homes for sale: 100 
Settlements in the last three months: 81 
Median days on market: 93 
Median price (single-family homes): $307,000 
Median price (all homes): $307,000 
Housing stock: 4,970 units, most post-1970 
School districts: Downingtown Area; Great Valley; Phoenixville Area; Owen J. Roberts *
19425 zip code SOURCES: U.S. Census Bureau;

Read the entire article and earn more about the specific market  <<here>>

Local Events:
Fall Restaurant weeks are here!!
Starting September 15th you can eat at fabulous restaurants for as little as $20 a person!
Philadelphia
http://www.centercityphila.org/life/RestaurantWeek.php

Main Line area
http://www.mainlinerestaurantweek.com/

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