Delaware median home price hit $398,585 in April, up 2.6% year-over-year but still under $400K. Active listings are up 6%+ from last year. More choices, less competition. If you've been waiting, this market is more reasonable than it's been in years. #DelawareRealEstate
It’s all about finding what each party needs. Sellers right now may want to downsize while a prospective buyer may need closing help to buy. It’s my job to connect those parties and protect my fiduciary! #Realtor
The Delaware market is telling two stories right now: sellers who bought pre-2022 still have equity and patience. Buyers who've waited are seeing more inventory and less competition. Both sides can win…rates don't need to hit 3% for good deals to get done.
Stop watching the Fed funds rate for mortgage clues. The 10-year Treasury yield is the real signal. The Fed held at 3.75% today, but the 10-year sits at 4.49% — that's what's keeping your mortgage at 6.45%. Two different levers. Most people confuse them. #MortgageRates
The Fed held rates at 3.50–3.75% today for the 4th straight meeting. New Chair Kevin Warsh made it clear the focus is getting inflation back to 2%: "The commitment to deliver is strong, unanimous, and unambiguous." No cuts until the data forces it. #FederalReserve#MortgageRates
30-year mortgage rates are sitting around 6.45% today. NAHB builder confidence just dropped to 35 near historic lows ,and 35% of builders are now cutting prices. The national market is soft. If you've been waiting for a better deal on new construction, this might be it. #Housing
Delaware active listings are up 6% year-over-year and the typical down payment just hit $23,400 — lowest since 2021. The entry barriers are finally starting to drop. If affordability was your hesitation, this market is worth a second look. #DelawareRealEstate
Rates dropped today — 30-year fixed now around 6.37% — after a tentative Iran peace deal reopened the Strait of Hormuz and eased oil prices. Fed meets this week. Could see more movement. #MortgageRates
Rehoboth, Bethany, Lewes — Delaware's beach towns are turning into year-round communities. Remote work and lifestyle migration are driving it. These aren't vacation markets anymore, they're primary residence markets. Inventory is tight and prices reflect it. #DelawareRealEstate
30-year mortgage rates dropped to 6.57% today. A slight dip but still elevated. Rates have been pushed higher by oil price pressures since spring, and Fannie Mae projects they'll stay in the mid-to-high 6% range through year-end. The Fed isn't riding to the rescue. #MortgageRates
The rate lock effect is real. Most homeowners sitting on 3% mortgages aren't listing anytime soon — and that's keeping inventory tight even as demand softens. Until rates drop meaningfully, low supply is the story. Plan around it. #Realestate
Sellers are pulling listings at the fastest pace since 2020, but buyers keep showing up. That tells me demand is real — people need to move. The buyers who act now have less competition than they will in 6 months.
30-year mortgage rate sits at 6.55% today — and existing home sales just hit a 5-month high. Buyers are adjusting to this rate environment and getting off the fence. The market isn't frozen, it's moving. #HousingMarket
Sussex County has shifted to buyers' territory. Prices are down YoY, days on market up 41%, and the avg list-to-sold gap is now $59K. If you've been waiting on the sidelines, this is worth a serious look. #DelawareRealEstate
I am paying off my student loans this year. No excuses. Student loan debt by private banks is abuse. I signed up at 18 in attempt to better myself and it’s been a ball/chain. No more.
Either you have that dog in you, or you don't..
That's really what it all boils down to
Can't keep letting weeks and years pass, and you're still not living up to who you want to be