If you receive my postal marketing, then you know I have been working with Buffini & Co. for several years to help increase my breadth of knowledge of the real estate market, as well as provide you with the most current information available to me on how things are looking.  Based on information provided by Buffini & Co., the following information details where the market is currently:

• Millenials are making up the majority of first-time buyers with most of the between the ages of 25 and 34
• 86% of Millenials are buying due to a change in family size
• There are fewer foreclosures on the market in most areas
• Housing inventory is up, at a 4.6 month supply at this pace
• New listings are up 12% this year from 2014 levels
• 67% of Americans say now is a good time to buy
• 40% of Americans say now is a good time to sell
• Experts are predicting 16% growth in home construction

This information is all very positive and shows an overall boost in home sales and purchases, with growth predicted for the future.  This information is not area-specific and different locations may vary in their numbers and predicted growth and sales.

If you're interested in discussing this further, particularly in the greater Main Line area, please do not hesitate to contact me.

Paying it Forward for the New Year

It's 2015 and a great resolution or goal for this year (and any) is to pay it forward.  This is a great way to help your community and neighborhood, and a great way to meet your neighbors and other local residents.  

A few ways to get involved:

+  Volunteering in community organizations (schools, churches, town projects)

+  Mentoring/tutoring a young person

+  Donations to a local charity

For more information, please email me at cheryl.newton@foxroach.com to join my newsletter mailing list and find out more.