The market is going where??
Unfortunately, the market for newly built homes continues to fall although not as drastically as it has been. The housing market overall has stabilized across much of the country although there are always specific areas that continue to decline and others that recover more rapidly. As a whole, the housing market will not recover fully [...]
Average Sales Prices and Savings on Foreclosures in Pennsylvania
These days everyone is talking about the great deals to be had by purchasing a foreclosed home. But how much money is there really to be saved? Actually, quite a bit.
The latest numbers from RealtyTrac show that for the month of March, the average purchase price of a non-distressed home in Pennsylvania was $182,500. This compared with the average purchase of $120,371 on a foreclosed home in Pennsylvania, which works out to an average savings of about $62,000, or 34%.
Oil And Gas Prices Don’t Affect Great House Deals!!
Think of all the gas you could buy with an extra $40,000 to $50,000 in your pocket!
Everyone is concerned with oil and gas prices and we should be. The rise in oil and gas causes a nasty chain reaction that creates a rise in all products including those needed to build houses. Everything from the shingles, the flooring, the siding, etc…. they all use petroleum in their manufacturing and they are all delivered in trucks that use gas. Higher oil and gas prices… higher costs to build a home.
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