Half of new Pennsylvania homebuyers are finding their home in less than three months, according to the Welcome Home survey, conducted quarterly for the Pennsylvania Association of Realtors®.
Pennsylvania Association of Realtors News
PENNSYLVANIA ASSOCIATION OF REALTORS: Montgomery County Realtor® to Serve as President of the Pennsylvania Association of Realtors®
Todd H. Umbenhauer, a Montgomeryville Realtor®, was installed as the 2018 president of the Pennsylvania Association of Realtors® at a ceremony this week in Harrisburg.
Proving that Pennsylvania is a practical place for flipping houses, the commonwealth led the nation as a whole with 57.2 percent return on investment (ROI) this past quarter, with several of its local jurisdictions also ranking high.
Thanks to higher demand for multifamily housing, new home construction in September rose to an eight-year high of 6.5 percent, according to a National Association of Home Builders (NAHB) report released Oct. 20 in Washington, D.C.
A recent survey commissioned by the Pennsylvania Association of Realtors (PAR) indicated that 51 percent of recent Commonwealth homebuyers wanted to remain in these homes for at least 15 years, with 46 percent wanting to remain in newly purchased homes for over 25 years.
The Pennsylvania Association of Realtors (PAR) recently selected Ron Croushore as its new president for 2015.