Industry News


Harrisburg, Lancaster land in top 50 best places to live

Harrisburg, Lancaster land in top 50 best places to live

Feb 22, 2017 | Kelly Leighton

Harrisburg and Lancaster nabbed the two highest spots for Pennsylvania in U.S. News and Reports’ recently-released annual Best Places to Live list.

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Real estate agents targeted in phishing scam

Real estate agents targeted in phishing scam

Feb 20, 2017 | Kevin Juliano, e-PRO

Recent reports about one particular scam indicate that multiple Pennsylvania Realtors® have been targeted.

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Nationally, home prices increased 7.2 percent year-to-year in December

Nationally, home prices increased 7.2 percent year-to-year in December

Feb 16, 2017 | Kelly Leighton

According to CoreLogic’s December U.S. Home Price Insights Report, home prices increased .8 percent from November to December of last year.

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FIRPTA comes full circle in Agreement of Sale

FIRPTA comes full circle in Agreement of Sale

Feb 15, 2017 | Desiree Brougher, Esq.

PAR’s Standard Forms Committee has reverted the language regarding FIRPTA on the Agreement of Sale back to the original paragraph.

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Baby boomers increasing homebuilders' confidence

Baby boomers increasing homebuilders’ confidence

Feb 14, 2017 | Kelly Leighton

According to the National Association of Home Builders’ 55+ Housing Market Index, builders in the fourth quarter of 2016 hit the highest confidence number for single-family 55+ housing market since the study’s start in 2008.

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Hispanic homeownership rates continue to rise

Hispanic homeownership rates continue to rise

Feb 10, 2017 | Kelly Leighton

For the second consecutive year, Hispanics were the only ethic demographic who increased their homeownership rate, according to a recent release from the National Association of Hispanic Real Estate Professionals.

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Sellers nab highest profit in nearly a decade in 2016

Sellers nab highest profit in nearly a decade in 2016

Feb 9, 2017 | Kelly Leighton

In 2016, homesellers saw an average of 21 percent gain on their homes. Those who sold last year, on average, received $38,206 more than they paid for their home.

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Affording a down payment in Philadelphia takes an average of 3.8 years, study reports

Affording a down payment in Philadelphia takes an average of 3.8 years, study reports

Feb 8, 2017 | Kelly Leighton

Thanks to the lowest average income on the list, at $38,253, as well as the ninth-highest home prices at an average of $145,300, saving for a down payment may take a while. Philadelphia landed in eighth out of the 15 cities studied.

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Pa. ranks as one of the best states to retire

Pa. ranks as one of the best states to retire

Feb 7, 2017 | Kelly Leighton

Pennsylvania was recently named the 11th best state to retire, according to WalletHub.

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