Sunday, December 16, 2018

When is the Best Time to Put Your Home on the Market?

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Wednesday, December 12, 2018

3 Things Homeowners Are Thankful For

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Buying a Home is Still Cheaper Than Renting

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Owning a Home is Important To All Generations

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Sunday, December 9, 2018

How Supply & Demand Impacts Real Estate Values

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How The Housing Market is Impacted by Natural Disasters

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Are We Headed Towards Another Housing Bubble? NO

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Tuesday, December 4, 2018

5 Reasons Homeownership Makes Cents


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Tuesday, May 15, 2018

Centre Square Fire Company Unveils It's New Firehouse!!



The $4.5 million, state-of-the-art new station, contains 6 bays, improved training facilities, and bunk rooms. In addition to the Township's contribution, the station is built and maintained without a tax increase, with CSFC capital reserve funds, a CSFC Relief Association contribution, and generous donations from the community.






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Whitpain Township Supervisors Join WRA in Celebrating NEW Clubhouse

Supervisors Join WRA In Celebrating New Clubhouse



The Board of Supervisors joined with officials from the Whitpain Recreation Association to celebrate the grand opening of the new WRA Clubhouse at Centre Square Park last Thursday. The Clubhouse contains public restrooms, meeting space for the WRA, and a concession stand.

Source:  Whitpaintownship.org

Call Me For All of Your Real Estate Needs!!  Your Blue Bell Realtor!  Debbie




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120



                                       Click Here For My FREE Home Seller's Guide





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Thursday, May 10, 2018

Real Estate Tops Best Investment Poll for 5th Year Running


Real Estate Tops Best Investment Poll for 5th Year Running


Real Estate Tops Best Investment Poll for 5th Year Running | MyKCM
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

For the fifth year in a row, real estate has come out on top as the best long-term investment!

This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below.
Real Estate Tops Best Investment Poll for 5th Year Running | MyKCM
The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession.

Bottom Line

As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.


Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120



                                       Click Here For My FREE Home Seller's Guide
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Monday, May 7, 2018

A Tale of Two Markets - Buyer's Marker vs Seller's Market




A Tale of Two Markets 

A Tale of Two Markets [INFOGRAPHIC] | MyKCM

Some Highlights:

  • A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
  • Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
  • Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!


Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120



                                         Click Here For My FREE Home Seller's Guide
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Buying a Home Is Cheaper Than Renting

Buying a Home Is Cheaper 

Than Renting 

Buying a Home Is Cheaper Than Renting in the Majority of the US | MyKCM
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.
The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.
The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

  • Average rent rose faster than income in 60% of counties
  • Average rent rose faster than median home prices in 41% of counties
  • While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.


Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120



                                         Click Here For My FREE Home Seller's Guide
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Thinking of Selling Your Home? Why You need a Pro in Your Corner



Thinking of Selling Your Home? Why You Need A Pro in Your Corner

Thinking of Selling Your Home? Why You Need A Pro in Your Corner | MyKCM
With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.
Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together and discuss all we can do to make the process easier for you.

Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120



                                         Click Here For My FREE Home Seller's Guide
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Existing Home Sales Grow Despite Low Inventory - May 2018



Existing Home Sales Grow 

Despite Low Inventory 

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] | MyKCM

Some Highlights:

  • According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
  • This is the strongest pace since November of 2017.
  • Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.

Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120



                                         Click Here For My FREE Home Seller's Guide
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Why Home Prices Are Increasing




Why Home Prices Are Increasing

Why Home Prices Are Increasing | MyKCM
There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boompeaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.
However, the increase in prices is easily explained by the theory of supply & demand.Whenever there is a limited supply of an item that is in high demand, prices increase.
It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see chart below).
Why Home Prices Are Increasing | MyKCM
According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes for sale has been below six months for the last five years (see chart below).
Why Home Prices Are Increasing | MyKCM

Bottom Line

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120






                                       Click Here For My FREE Home Seller's Guide
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How Much Has Your Home Increased in Value Over the Last Year?





How Much Has Your Home Increased in Value Over the Last Year?

How Much Has Your Home Increased in Value Over the Last Year? | MyKCM
Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.
The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available).
How Much Has Your Home Increased in Value Over the Last Year? | MyKCM
It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year.
Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning to list your home for sale in today’s market, let’s get together to go over exactly what’s going on in our area and your price range.


Call Me For All of Your Real Estate Needs!!




Debbie Mignogna, ABR, SRS
Your Neighborhood Realtor
BHHS Fox & Roach Realtors
267-640-1120






                                       Click Here For My FREE Home Seller's Guide
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