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    • Lower Interest Rates. Higher Standards.

    September 1st, 2020

    Mortgage interest rates continue to be at historic lows.  That makes it a great time to buy a home – if you can qualify. While the pandemic has kept rates down, banks are hedging their bets against economic uncertainty by raising the qualification standards for getting a mortgage. According to Michaelle Bond, writing for the Philadelphia Inquirer, some lenders are raising the minimum credit score by 100 points, and taking a more restrictive view of debt Read More...

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    Posted in Market Trends, Mortgages | No Comments »

    Longing to Own? You’re Not Alone!

    September 16th, 2013

    Americans overwhelmingly believe owning a home is a good financial decision and a majority of renters say homeownership is one of their highest priorities for the future, according to a survey by the National Association of Realtors®. The 2013 National Housing Pulse Survey also found that renters are thinking more about purchasing a home now than in past years, while the number of people who say they prefer to rent has declined Read More...

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    Posted in Home Buyers, Market Trends | No Comments »

    Real estate trends for summer 2013

    September 11th, 2013

    What are the biggest real estate trends for summer, 2013? Forbes Magazine identifies them as low mortgage rates, slim pickings, home stalking and bidding wars! Luckily, when you buy a new home from Sal Paone Builders you can take advantage of the currently low mortgage rates, without having to deal with the rest Read More...

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    Posted in Home Buyers, Market Trends | No Comments »

    Philadelphia Housing Market Sees Increase In Sales

    July 13th, 2012

    Monthly Market Trends Philadelphia Housing Market Sees Decrease Inventory In May The greater Philadelphia real estate market, including Bucks, Chester, Delaware, Montgomery and Philadelphia counties, experienced some positive trends compared to May of last year, according to The Long & Foster Market Minute® reports Read More...

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    Posted in Market Trends | No Comments »