Archive for the ‘Selling Real Estate’ Category

The housing market for Kent County Delaware from 2000-2009

Thursday, November 19th, 2009

Homes on the Market
Between, January 2000 to December 2005 the lowest number of homes on the market was in March 2004 for a total of 622 and it’s highest of 851 in November 2005. That’s an average of 675 homes on the market monthly, over a 5 year span.

In January of 2006 homes begin to climb from 916 to its all time high in August 2009 to 1883. That’s an average of 1567 homes on the market monthly, in a 46 month span. That’s a 232% average increase of homes on the market.

Homes Pending
January 2000 to December 2005 the lowest number of homes pending was in Dec 2000 for a total of 81, to a high of 262 in April 2005. That’s an average of 163 homes pending monthly and a 24% average of listings pending monthly over a 5 year span.

January 2006 to present, lowest number of homes pending was in Dec 2008 for a total of 51, to a high of 230 in March 2006. That’s an average of 139 homes pending monthly and a 13% average of listings pending monthly over a 46 month span.

Homes Sold
January 2000 to December 2005 the lowest number of homes sold was in Jan 2000 for a total of 56, to a high of 268 in August 2008. That’s an average of 158 homes sold monthly and a 23% average of listings sold monthly over a 5 year span.

January 2006 to present, lowest number of homes sold was in Jan 2009 for a total of 58, to a high of 234 in June 2006. That’s an average of 135 homes sold monthly and a 9% average of listings sold monthly over a 46 month span.

Helping Families Save Their Homes Act and the Fraud Enforcement and Recovery Act

Friday, November 13th, 2009

Helping Families Save Their Homes Act and the Fraud Enforcement and Recovery Act was signed by President Obama on May 20, 2009. This will make it easier and more affordable for homeowners to refinance. These loans are available on your primary residence with a loan-to-value ratio of 70% and a FICO score above 720. President Obama encourages homeowners to refiance to a more affordable mortgage. To learn more click on this website http://makinghomeaffordable.gov/about.html