We look at a variety of factors, including average list price, median sales price and price per square footage.
Another indicator we look at is the days that a home spent on the market before it ultimately sold. And if the latest data is any indication, this metric is certainly starting to favor home sellers!
Why Home Sellers in the US Should Be Optimistic
According to the most recent real estate data, properties listed in September 2013 spent an average of 86 days on real estate websites, compared with 116 days last year!
Dover, DE – In an article in the Delaware Business Daily, Delaware Insurance Commissioner Karen Weldin Stewart announced Monday that carriers have agreed to renew health insurance policies of individuals. Stewart stated that she is “very happy that the carriers have agreed to provide an early renewal opportunity for these policyholders.”
That avoids the cancelation of policies that did not meet the requirements of the Affordable Care Act (Obamacare). Carriers have agreed to offer early renewals for current policies where the terms of coverage were to end on or before March 31, 2014.
The minimum coverage requirements are designed to reduce chances of customers facing huge bills if a health condition was not covered. The lack of such coverage was not seen as a problem by many individuals and families in relatively good health.
Consumers, who are affected by this agreement, must renew their policy on or before December 31, 2013. All policies with an effective date after January 1, 2014 must be in compliance with Delaware law. The carriers have indicated that individuals with questions regarding their policies should direct those questions to their agent or broker. Read the full article.
Washington, DC – With some of the recent natural disasters in mind, the Federal Emergency Management Agency (FEMA)has released information on ways anyone can replace important papers that may be lost during a severe weather event.
The list includes links to replace items such as birth certificates, marriage certificates, adoption decrees, immigration documents, driver’s licenses, passports and mortgage papers. The full list from FEMA can be viewed on the agency’s website by clicking HERE.
Federal Emergency Management Agency
U.S. Department of Homeland Security
500 C Street SW, Washington, DC 20472
General Operator: (202) 646-2500
Register for Disaster Assistance:
(800) 621-3362 / TTY (800) 462-7585
Rehoboth Beach and Wilmington, DE – Fairway Independent Mortgage Corporation’s Rehoboth and Wilmington locations, through the organization One Warm Coat, is sponsoring a Coat Drive through December 13th.
According to Fairway-Rehoboth’s Coat Drive organizer Gail Alm, CMP, “We will be collecting new and gently used coats at both our locations. Coats that we collect will be then be donated to Friendship House Clothing Bank of DE and Casa San Francisco in Milton. Our goal is to collect 100 coats. Let’s join together once again and this time to keep our community warm.”
The Need for A Warm Coat
Health experts report that even a 2-degree drop in body temperature results in reduced heart rate, loss of coordination, and confusion. Adults cannot work effectively and children find it difficult to learn. For most, a warm coat solves the problem. But, for the now nearly 15% of Americans living in poverty, a warm winter coat is a budget “extra.” -U.S. Census data September 2011 and Hypothermia, University of Maryland Medical Center
Who needs a warm coat this year? Continue reading
Rehoboth Beach Hometown Christmas Parade December 3: 6:30pm. Classic family fun during Rehoboth’s annual Christmas parade! www.downtownrehoboth.com
Georgetown Christmas Parade December 5: 7pm. The theme for 2013 will be “A Hollywood Christmas”. www.georgetowncoc.com
Lewes Christmas Parade December 7: 5pm. The theme for this year’s parade is “Mistletoe & Holly.” www.lewes.com
Seaford Christmas Parade December 7: 6pm. Recognized as the largest Christmas Parade on Delmarva, bring a chair or a blanket (or both!) for an enchanting evening. www.downtownseaford.com
AAR Explores the Golden Girl Boomer Syndrome
In a segment on the NBC’s Today Show on November 26, Jane Pauley reported on three women who have been living together for nine years, and how they have redefined the meaning of “home sweet home.” Click Here to watch the video segment or paste http://www.today.com/video/today/53667900/#53667900
U.S. Census figures show one in three baby boomers are single, and most of those are women. As Boomers move through retirement, shared housing becomes an option available to anyone, regardless of age or gender. In the article “Shared Housing Could Improve the Retirement Prospects of Single Baby Boomers” (www.investmentnews.com), U.S. Census data from 2000 to 2010 shows the number of nonfamily households increased by 16%, twice the rate of growth of family households with more than 1 million single women 45 and older live with a roommate who isn’t a relative.
Of these Baby Boomer women, writer Mary Beth Franklin claims, “As they grow older, many will face financial challenges and some will need care. And just as Zipcar and bike-sharing programs have allowed city dwellers to share transportation on an as-needed basis, cooperative housing could help millions of single boomers improve their retirement prospects by cutting costs, stretching savings and providing companionship as they age.”
Given the opportunity to buy a house with like-minded individuals Continue reading
Today was a beautiful Fall Day in Coastal Delaware. When I checked my calendar and found a few free hours, I decided to take a drive to Bayside near Fenwick Island, Delaware. There is a lot happening and it was time to take the camera and check out the new neighborhoods under development.
Schell Brothers is getting ready to build in two new neighborhoods – Coastal Crossing and Sea Grass Bend. Stay tuned for updates to our page on Bayside with all the new floorplans, plot plans and new amenities.
Both of these new neighborhoods are en route to The Point. At The Point you will find fantastic views of the Bay and the Ocean City, MD, skyline. You will also find Kayaks ready to take for a paddle with some incredible views. Take a look.
When is the best time to sell my home? What about the best time to buy a retirement home? As a REALTOR, I get these questions all the time. But now I am hearing questions about the best time to retire!
Seriously, many of our Buyer Clients come from the DC Metropolitan Area and “When to retire from the Federal Government” is a really big question for them. I believe it is a serious question that everyone preparing for retirement thinks about for so many different reasons, but it does appear that some decisions for Federal employees are worth big $$$.
One of my current clients alerted me to the fact that most Federal employees retire around the end of the year. So, I did some research on the best time to retire and came up with some good information on a site called the Government Executive. It begins “It’s that time of year again. Are you thinking about retiring next year? This column is designed to help you find the most advantageous date for your departure.” Read the rest of the article on Best time to retire by Tammy Flanagan.
You know how I love Top 10 articles, well Tammy Flanagan has also written another article on the Top 10 Things you probably don’t know about Federal Retirement. Whew! Lots to think about but the good news is – once you retire, you can come here to Coastal Delaware and let us help you find that perfect retirement home! But why wait until you retire, you should start planning now so you will know exactly where you want to be when the time is right.
That’s according to third quarter data recently discussed in a Bloomberg article.
Experts are saying that the increase is directly attributed to buyers competing for limited inventories as well as a decrease in available foreclosed properties.
Listing Your Home on the Market
But the good news didn’t stop there for those home owners thinking about selling.
Here’s what else was revealed in the recent Bloomberg article: Continue reading