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News
U.S. Homebuyer Demand Hits Record Low as Seller Surplus Widens
1+ day, 12+ hour ago (578+ words) The number of prospective U.S. homebuyers fell to a record low of 966,752 in July as higher mortgage rates and economic uncertainty weakened demand, leaving sellers outnumbering buyers by 51.3% and shifting negotiating power toward purchasers across much of the country, according to…...
Pennsylvania???s First-Time Buyers Are Looking Beyond the Usual Hot Spots
2+ day, 21+ hour ago (956+ words) In Pennsylvania, that calculation is drawing attention to Allentown, Erie and Lancaster. A survey of 3,034 prospective first-time buyers nationwide by PortlandRealEstate.com asked respondents which place in their state they most envied as a location for buying a first home....
Why Chester County Sellers Still Hold the Upper Hand
3+ day, 18+ hour ago (695+ words) CHESTER COUNTY, PA — Chester County’s housing market entered August with prices rising faster, homes selling in half the time and inventory tighter than national levels, even as the broader U.S. market showed only tentative signs of renewed activity after…...
Housing Grant Incentives May Have Limited Leverage in Cities
1+ week, 3+ day ago (724+ words) A new federal housing incentive tying Community Development Block Grant funding to local homebuilding may exert little financial pressure on most large cities, with a Realtor.com analysis finding the median grant represents just 0.33% of municipal revenue and the typical…...
River Station Adds 67 Apartments as Downingtown Expansion Advances
1+ week, 5+ day ago (334+ words) DOWNINGTOWN, PA — Hankin Group has opened a 67-unit apartment building at River Station in Downingtown, advancing a second phase that will add 160 residences to the 70-acre mixed-use development as the company expands its housing footprint near the borough’s train station....
Chester County Housing Defies National Split as Starter Homes Stay Hot
2+ week, 4+ day ago (434+ words) WEST CHESTER, PA — Chester County’s housing market continues to favor sellers across most price points, even as national data points to a widening divide between cooling starter-home demand and a resurgent luxury market, highlighting the region’s resilience amid broader affordability…...
True Expands Executive Search With Real Estate Practice
3+ week, 1+ day ago (393+ words) PHILADELPHIA, PA — Executive search firm True has launched a dedicated Real Estate & PropTech Practice, formalizing an expansion into a sector where technology companies, institutional investors and traditional real estate operators are increasingly competing for the same executive talent. The new…...
Chester County Housing Shortage Keeps Prices Elevated
1+ mon, 3+ day ago (693+ words) WEST CHESTER, PA — Chester County’s housing market remains tilted toward sellers in 2026 as limited inventory, elevated mortgage rates and rising rents kept homeownership out of reach for many households, mirroring a national affordability crisis rooted in a 4.7 million-home supply deficit....
Energy Department Warns New Building Code Could Raise Home Costs
1+ mon, 3+ week ago (444+ words) WASHINGTON, D.C. — The U.S. Department of Energy said nationwide adoption of the 2024 International Energy Conservation Code could add billions of dollars to residential construction costs and increase the price of a typical new single-family home by as much as $14,000, escalating the…...
Chester County Home Prices Hold Firm as Inventory Stays Tight
1+ mon, 3+ week ago (497+ words) WEST CHESTER, PA — Chester County’s housing market remained one of Pennsylvania’s most competitive in May, with median home prices hovering between $551,745 and $570,000 and sellers continuing to command prices at or above asking levels despite signs of moderation elsewhere in the…...