Monroe County, PA Real Estate News

By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. Let’s use three maps to show how this theory continues to affect the residential real estate market. Map #1 – State-by-state price appreciation reported by the Federal Housing Finance Agency (FHFA) for the first quarter of 2021 compared to the first quarter of 2020:As the map shows, certain states (colored in red) have appreciated well above the national average of 12.6%. Map #2 – The ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year. Let’s connect today to determine if homeownership is the right next step for you. Bottom Line What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, single or multi-generational residence, remote workplace, relocation, retirement, vacation or investment. Your Home Sweet Home is waiting.  Contact Kris Collis now, your...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market. With so few homes available for sale and high demand from today’s homebuyers, sellers are profiting in major ways this season. Bidding wars are gaining traction, driving up the sale price of more and more homes throughout the country. This means sellers are able to leverage extra c...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces. According to the 2020 Annual National Movers Study: “For customers who cited COVID-19 as an influence on their move in 2020, the top reasons associated with COVID-19 were concerns for personal and family health and wellbeing (60%); desires to be closer to family (59%); 57% moved due to changes in employment status or work arrangement (including the ability to work remotely); and 53% desired a lifestyle change or improvement of quality of life.” With a new perspective on homeownership, here are some o...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home. Non-Financial Benefits: 1. Civic Participation: Owning a home is owning a part of your neighborhood. Homeowners ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world economy. It seems that a year later, things are slowly getting back to normal for many companies. Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they explain: “We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation — properly done — can help us navigate financial ...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
  Tour Inside This Lakefront Home Take an inside tour of this lakefront home in the Poocnos Take an outside tour of this lakefront home in the Poocnos5144 Woodland Ave, Pocono Pines, PA 18350MLS# PM-88245UNIQUE LAKE FRONT property ON LAKE NAOMI. The days of yore are revisited  with this original Lake Naomi property which has been meticulously maintained and refurbished beautifully to todays standards. Included in this sale is the MAIN HOME, CHARMING CARRIAGE HOUSE &  EXTRA LOT. THE LAKE VIEWS ARE EXPANSIVE .The pictures will tell the tale! Original charm has been saved along with 1930's stain glass windows. 4 bedrooms and 2 baths in main house along with the most enchanting sun room over looking the lake. Carriage house has kitchen, rec room, 2 lovely bedrooms with plenty of storage & o...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com “. . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.” National Association of Realtors (NAR) “Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down the optimal window of time in which to make a purchase.There are three main factors that go into determining how affordable homes are for buyers: Mortgage Rates Mortgage Payments as a Percentage of Income Home Prices The National Association of Realtors (NAR) produces a Housing Affordability Index. It takes these three factors into account and determines an overall affordability score for ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and win big when you make a move. 1. Price Your House Right When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Even in a sellers’ market, listing your house for the right price will maximize the number of buyers that see your house. This creates the best environment for bidding wars, which in turn a...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. According to the first-quarter 2021 U.S. Home Equity Report from ATTOM Data Solutions: “17.8 million residential properties in the United States were considereequity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. The count of equity-rich properties in the first quarter of 2021 represented 31.9 percent, or about one in three, of the 55.8 million mortgag...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Don’t Sell on Your Own Just Because It’s a Sellers’ Market In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO. As a result, some sellers think selling their house will be a breeze and see today’s market as an opportunity to FSBO. Let’s unpack why that’s a big mistake and may actually cost you more in the long run. According to the Profile of Home Buyers and Sellers published by the National Association of Realtors (NAR), 41% of homeowners who tried to sell their house as a F...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
Whispering Hills Ct, Effort, PA 18330MLS #PM-83886Tour This HomeESCAPE to your STUNNING MOUNTAIN VILLA. The PANORAMIC MOUNTAIN VIEWS will hold your attention prior to entering! The LOVELY POINT IS, you can enjoy that view from almost every room in the home. It is BOLD AND BEAUTIFUL! This home has a plethora of refinements. (please do walkthrough feature of virtual tour) Features begin with indoor SALTWATER POOL AND JACUZZI, amazing WIDE PLANK CHERRY FLOORING THROUGHOUT, indoor KOI POND WITH WATER FALLS and WALKOVER BRIDGE. TWO STORY THREE SIDED STONE FIREPLACE, LUXURIOUS MASTER SUITE with LOUNGE AREA, THE 2ND LEVEL entertains another LIVING AREA, 3 BEDROOMS,BATH, CATWALKS TOUR THIS LEVEL WITH BEAUTIFUL VIEWS OUTDOORS AND IN, FULL FINISHED BASEMENT with 2nd KITCHEN ,FULL BATH, SPACE to h...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
 Welcome Donna Slagle to RE/MAX Property Specialists in the Poconos Donna comes to us with 16 plus years in the real estate industry.Looking to buy or sell homes in the Pocono area call Donna Slagle at our Blakeslee Office. RE/MAX Property Specialists274 Rt 940Ste 12 Blakeslee SquareBlakeslee Pa 18610Office 570.972.2940Donna Slagle Cell 570.831.5982WebsiteFacebookDonna Slagle Mobile AppHere is one of Donnas last reviews: Bought a Single Family home in 2020 in East Stroudsburg, PA."I absolutely loved working with Donna. It was our first foray into Pennsylvania to find our dream weekend home. She was patient, honest, and knowledgable. After meeting us she steered us into areas that she felt we would like. She took into consideration my family needs and our budgetary constraints. Well, we ...
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By Rick Cordisco, Pocono Real Estate Professional
(Pocono Mountain Lakes Realty )
Have you ever wanted to live in a storybook setting? Water elements such as lakes and streams? Endless wildlife at your doorstep? TRUE 4 Seasons of Mother Nature to experience? Arrowhead Lakes Community in northeastern PA's whimsical Pocono Mountain region is that place. Having lived there for some 13 + years I speak from experience. If you'd like to get on the list of interested home seekers please visit THIS LINK!                                                   WE CAN GET U HERE!                                                                                                       
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
What Happens When Homeowners Leave Their Forbearance Plans? According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program 625,000 (9%) have paid off their mortgages 434,000 (7%) have negotiated a repayment plan and have left the program 2,254,000 (35%) have extended their original forbearance plan 512,000 (8%) are still in their original forbearance plan 116,000 (2%) have left the program and are still behind on payments This shows that of the almost 3.72 million homeowners who ha...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Dear Seller,Some selling tips are universal year after year.  What is the #1 tip for a winning sale this year... and every year?  A Bright, Clean, Sparkling presence throughout the home in good repair with plenty of fresh air and light from windows.  Whether it's your own elbow grease, a honey-do list, a hired deep cleaner or combination of above that gets the job done, the benefit to you of following a few words of advice is the payoff, the figure on the bottom line of your Closing Statement.  Buyers respond immediately to a home in tip-top sale condition. Their senses are peaked. Buyers perk up, pay attention, linger longer and feel like staying. They get so comfortable sometimes, time flies past their appointment. Your clean, bright, sparkling home worked that tried-and-true magic. I...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Want to Build Wealth? Buy a Home This Year. Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these measurements, recent studies show that it’s still more affordable to own than rent in most of the country. There is, however, another financial advantage to owning a home that’s often forgotten in the analysis – the wealth built through equity when you own a home. Odeta Kushi, Deputy Chief Economist for First American, discusses this point in a recent blog post. She explains: “Once you include th...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
How Smart Is It to Buy a Home Today? Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. However, there’s one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions: Do I think home values will be higher a year from now? Do I think mortgage rates will be higher a year from now? From a purely financial standpoint, if the answer is ‘yes’ to either question, you should strongly consider buyi...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
What Are the Benefits of a 20% Down Payment? If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want to put 20% down, it’s important to understand how a larger down payment can have great benefits too. The truth is, there are many programs available that allow you to put down as little as 3.5%, which can be a huge benefit to those who want to purchase a home sooner rather than later. Those who have served our country may also qualify for a Veterans Affairs Home Loan (VA) and may not need a down payment. These programs have really cut down the savings t...
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