Monroe County, PA Real Estate News

By Rick Cordisco, Pocono Real Estate Professional
(Pocono Mountain Lakes Realty )
WELCOME to 215 Croasdale Court, Pocono Lake PA 18347Rare Find Expanded Lakewood Chalet on Double Greenbelted Lot on Gravity Fed Central Sewer in Quiet Cul De Sac in Family Oriented Arrowhead Lakes Community. This Mountain Chalet Boasts 3 Bedrooms, 2 Full Bathrooms, Living Room, Family Room, Loft, Rear Private Deck and More. Cozy up by the Living Room Fireplace on Cold Nights. This Home Features Granite Countertops and New Vinyl Plank Flooring. Will Not Last!!LOW TAXES!! Would Make Fabulous Primary / Vacation Home or Could be a Serious Money Maker in the Arena of Short Term Rentals!  Click the Pic For Full Photos!!Text 570-872-1340 for Full Details!
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
How Buying or Selling a Home Benefits the Economy and Your Community If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy: As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly built homes (see map below): You may be wondering: how can a single home ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Why the Growing Number of Homes for Sale Is Good for Your Move Up Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer. According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below): While this news has clear benefits for buyers who are craving more options for their home search, what does that mean for current homeowners like you? It gives you two distinct opportunities in today’s housing market. Opportunity #1: Take Advantage...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
What Are the Best Options for Today’s First-Time Homebuyers? If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold. If you partner with a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started. Work with a Professional To Prioritize Your Wish List If you’re having trouble finding a home in your budget that checks all the boxes, it may be worth taking another look at your lists of what you want and what you really need. According to the latest First-Time Homebuyer...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Why Summer Is a Great Time To Buy a Vacation Home You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you. Why You May Want To Consider a Vacation Home Today Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed trips for personal or health reasons. If either is true for you, there could be a unique opportunity to use the flexibility that comes with remot...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Bright Days Are Ahead When You Move Up This Summer Some Highlights Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play. If you’re ready to upgrade to a home that matches your changing needs, let’s connect. Bottom Line What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, single or multi...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
What Does the Rest of the Year Hold for the Housing Market? If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com: “The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This growth will mean more options for shoppers than the...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Why You Need an Expert To Determine the Right Price for Your House If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell. And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the very first time ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Why Home Loans Today Aren’t What They Were in the Past In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage Bankers Association (MBA) releases an index titled the Mortgage Credit Availability Index (MCAI). According to their website: “The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.” Basically, the index determines how easy it is to get a mortgage. The higher the index, the more available mortgage credit becomes. Here’s a graph of the MCAI dating back...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits you'll experience when you do. The Emotional Benefits of Homeownership Because it’s a place that's uniquely yours, owning a home can give you a sense of pride and happiness in several ways. Your Home Can Reflect Your Tastes and Personality Investopedia puts it like this: “One often-cited benefit of homeownership is the knowledge that you own your little corner of the world.” That knowledge can lead to ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
History Proves Recession Doesn’t Equal a Housing Crisis Some Highlights It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008. Bottom Line What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, single or multi-generational residence, remote workplace, relocation, retirement...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
                            Take a tour of of 148 Paxinos Drand call Pat Quinn Cell 201.779.3513 RE/MAX Office 570.972.2940 148 Paxinos Dr, Pocono Lake, PA 18347MLS #PM-97042 Big price reduction, make your appointment today. Great home available in amenity filled Arrowhead lake. House features paved driveway, with over 300 sq ft of deck to start enjoying new home. Enter the second story of the home into an open livingroom/kitchen combo, large window floods the space with sunlight. 3 bedrooms and full bath. Head down to the lower level family room with bonus room and full bathroom. Nice garage to keep all your toys. Large backyard has a fenced area with a shed. Arrowhead has 3 lakes, 4 beaches, 3 outdoor pools, fitness center, lodge, gated, 24 hour security. Be close to Pocono attraction...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
310 Maxatawny Dr, Pocono Lake, PA 18347MLS #PM-96331Attention to detail and style shows in this remodeled home in amenity filled, 5 star community, Arrowhead Lake. New floors, New Kitchen, New Bathroom, New Laundry area, New lighting fixtures, New Roof. Too many upgrades to mention, a list is available. Home features 2 bedrooms and a den/bonus room that current owners use as a 3rd bedroom, this lovely room has barn door to cozy converted porch. Home has oversized front deck to enjoy outdoor living. Shed for all your toys. Home is within walking distance to the lake and pool. Arrowhead has 2 lakes, 4 beaches, 3 outdooor pools, gated community with 24 hour security. Close to Pocono attractions, water park, casino. outlet shopping, hiking. Make your appointment today and be in your new hom...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Is It Enough To Offer Asking Price in Today’s Housing Market? If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers shouldn’t shop for a home with the same expectations Things Are Different Today Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), the average home that’s sold today: Receives 4.8 offers Sells in just 17 days Home...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
How Homeownership Can Help Shield You from Inflation If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile. If you’ve been thinking about purchasing a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. While the answer depends on your situation, here’s how homeownership can help you combat the rising costs that come with inflation. Homeownership Offers Stability and Security Investopedia explains that during a period of high infl...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
The Dream of Homeownership Is Worth the Effort If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a homebuyer, let that provide you with the confidence to know the work you’re putting in today will pay off for years to come. Here are a few reasons to stick with your search and foc...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
What You Need To Know About Selling in a Sellers’ Market Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean? What Is a Sellers’ Market? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
An Expert Advisor Will Give You the Best Advice in Today’s Market Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential. Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply and demand is creating bidding wars and driving home price appreciation as well as considerable gains in home equity. These market c...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Are You Wondering if This Is the Year To Buy a Home? Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for decades. To make an informed and powerful decision, the first step is understanding what’s happening in today’s housing market so you can determine which option is the better long-term financial decision for you. Rents Are Going Up Again This Year Rents are skyrocketing right now. Data from realtor.com shows just how much rental prices are surging throughout the country. The graph ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Balancing Your Wants and Needs as a Homebuyer Today Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. Danielle Hale, Chief Economist for realtor.com, explains it like this: “Focus on the goal you set out for yourself, like your list of must-haves and nice-to-haves and your budget, . . . Stick to that. Be persistent.” So how do you go about creating your list of desired features? The first step is to get pre-approved for your mortgage. Pre-approval helps you better understand your budget, and that plays an important role in how you’ll craft your list. After all, you don’t w...
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