October 2023

In Mid-Q3, there was an 11% uptick in sales, ~11,700 transactions, while home sales saw a ↓17% yearly. While the median home sale price ↓ to $223,131 in Mid-Q3, it remains ↑~5% yearly. The robust summer Real Estate market struggled with inventory due to underbuilding, homeowners staying put, and fewer trade-up purchases.

Slow apartment construction and consistently high occupancy rates have created challenges for renters in the region. A study found 97% occupancy rate and less than 4% availability, leading to 16 people competing for one vacant unit. Apartments in central Pennsylvania rent within 34-day, 3-day faster than the national avg.

The housing market in October is not looking any different from the current market, with mortgage rates remaining high and limited inventory. Home prices are also expected to continue to rise, making it even more difficult for buyers to afford. However, despite the challenge, it is still possible to buy a home in October. Continue

As of mid-2023, the predicted recession has not materialized, and the economy is in a state of flux. While there are signs of a slowdown, the forecast for a recession has been pushed further out.

Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People We take a stand for and support the indigenous people on this day. We should also offer our support to those who invest and uplift the indigenous communities.

This article discusses how paying an extra $100 per month on a mortgage loan can have a significant impact on the repayment time, reducing it by up to four years and saving the borrower $60,995 in interest. The entire amount of the extra payment goes towards reducing the principal balance, which in turn reduces the

Withdrawals from IRAs and workplace retirement plans before age 59½ are typically taxed and penalized. A first-time home buyer exception allows penalty-free withdrawals up to $10K from an IRA for a home purchase.

Depersonalization: Remove personal items to help buyers see themselves in the space, and hide personal names.