Meredith School District HOME/ and or LOT for sale!! 627 Catharine!!! NOT IN MLS. Build your Dream home

Build your Dream home in Bella Vista/Queen Village, in the Meredith School District…

17 x 75 foot lot for sale with zoning approvals to build a 3-story, 3000 square foot custom home  $399,900

OR   cropped-jim-81111-030.jpg

Our Builder client will build you your dream home, total sale price $999,900

Contact Jim Onesti, McCann Team, Prudential Fox & Roach Realtors for details!!

215-440-2052   215-627-6005

jonesti@mccannteam.com

Jim Headshot Flyers & Print

I’ll say it again…We Need Land!!

I said it before but I’ll say it again! I can’t say it enough!!

We need 200+ lots to satisfy our current client needs. Let us know what you have and how much you want!

Your land can have zoning approvals in place OR NOT.. Single lots wanted or large sites that can hold 100 homes or anything in between.

Contact Jim Onesti – 215-440-2052 or jonesti@mccannteam.com

Investors Better HURRY! The Market is more than recovering! www.PhillyRealEstateInvestorDeals.com

Pending home sales jump again in October

Pending sales of existing homes were up 5.2% from September to October and 13.2% from a year ago, according to an index maintained by the National Association of Realtors. NAR’s Pending Home Sales Index, which represents existing-home contracts signed but not yet closed, rose to 104.8 in October — the highest sustained level in five years.

In April 2010, when the federal homebuyer tax credit was still in place, the index hit 111.3, but soon dipped back down.

An index score of 100 is equal to the average level of sales contract activity in 2001, a robust year for home sales and the first year examined by the trade group. Contracts signed in October typically close one or two months later.

The 13.2 percent year-over-year jump for the index in October marks the 18th consecutive month of annual increases — a sign of sustained growth.

“We’ve had very good housing affordability conditions for quite some time, but we’re seeing more impact now from steady job creation, and rising consumer confidence about home buying now that home prices have clearly turned positive,” said NAR Chief Economist Lawrence Yun in a statement.

All regions saw double-digit annual gains in October but the West, where Yun said limited inventory “is keeping a lid on the market.” In the West, the pending home sales index dipped 1.1 percent from September to October, but were still up 0.9 percent from a year ago.

Yun said the Northeast saw some impacts from Hurricane Sandy, which disrupted the normal routines of millions of residents before making landfall in Atlantic City, N.J. on Oct. 29. The index showed pending home sales in the Northeast falling 0.1 percent from September to October, but up 13.3 percent from a year ago.

The index in the Midwest rose 15.6 percent from September to October and 20.0 percent from a year ago.In the South, pending home sales rose 5.5 percent for the month and 17.4 percent from a year ago.

NAR’s latest economic outlook, also out today, projects that 2012 existing-home sales will total 4.64 million, which would represent an 8.9 percent increase from 2011. NAR is forecasting 9 percent growth in existing-home sales for 2013, to 5.06 million.The trade group also anticipates sales of new homes will rise 23.3 percent for 2012, to 371,000, and a whopping 52 percent in 2013, to 564,000.

NAR expects home prices to be up for this year and next. After falling 3.9 percent in 2011, the trade group expects a 6.6 percent increase in the median price of existing-home sales in 2012, to $177,000, and a 4.3 percent increase in 2013, to $184,600.

NAR economists anticipate a 5.4 percent increase in the median price of new homes this year, to $238,100, and a 6.1 percent increase next year, to $252,600.NAR is projecting that  interest rates for 30-year fixed rate mortgages will average 4.1 percent next year, up from 3.7 percent in 2012.

NAR expects this year’s national real gross domestic product to grow 2.1 percent, followed by 2.3 percent growth in 2013. The U.S. unemployment rate is expected to average 8.1 percent this year and drop to 7.8 percent in 2013.  cropped-2.jpg

We have $20,000,000 to spread around! We need inventory- Do you have any??

We have clients who need to buy $20,000,000 worth of single family homes in the Philadelphia area before the end of 2012. They pay cash, settle in 15-25 days, no contingencies,as-is. I dont have enough inventory to sell them!!

The properties can be vacant or rented, shell condition or newly renovated. NO Section 8 rentals please.

Please contact me asap if you have inventory you need to sell.

Jim Onesti, Prudential Fox & Roach Realtors, jonesti@mccannteam.com, 215-440-2052