Real Estate Industry News Blog Articles
Real Estate Industry News
The Feds Lower the Rates
By Chris Petry On Wednesday, September 18th, the Federal Reserve initiated their first cut since March of 2020, slashing rates by a half percentage point. Of course, there were critics on both sides of the debate, some urging a higher percentage cut and others indicating they’d prefer the security of more gradual reductions in rates. One thing is for sure, the majority of American consume
Are Small Homes Still Trending?
By Chris Petry Even before Covid, and the resulting economic crisis, micro homes were everywhere. Whether that’s attributable to growing economic concerns like inflation and the cost of housing, a greater awareness of humanity’s carbon footprint, or the wholesale embrace of architectural minimalism, miniscule homes have received a lot of coverage in recent years. Accord
What Will the Market Look Like Summer 2024
By Chris Petry There’s been no shortage of news coverage regarding the health of the real estate market over the last two years. For a while, all eyes were focused on the Federal Reserve’s post-pandemic interest hikes. Obviously, a rate increase of that degree was sure to stoke headlines and generate concern among potential buyers. We, and to be fair, a certain contingency of the
Why Spring is the Best Time to Buy & The Best Time to Sell
By Chris Petry Ah… Springtime. It’s a magical time, when the flowers bloom, the days grow both longer and warmer and the birds, bees, leaves and trees all awaken from their frozen slumber. Joining them, typically, is the housing market. After months of bitter cold, and with time to financially recover from the excesses of the holiday season, buyers and sellers alike emerge with a r
The 10 Reasons People Are Moving
by Chris Petry Why are people moving? Well, now there’s a loaded question if I’ve ever heard one! There are countless reasons why someone might sell their home, move to another neighborhood, city, state, or country, and begin a new life. Today, however, we’re going to try and address ten of the most popular reasons people are moving as of January, 2024. Getting Close
Number 3 Most Affordable Market in the US
by Chris Petry There are many advantages to working for or working with Berkshire Hathaway HomeServices The Preferred and Stouffer Realty to achieve your real estate goals. For one, we’re the #1 brokerage in all of Southwestern, Pennsylvania and our presence in Eastern, Ohio grows and strengthens by the day. There’s also this: you’ve heard the phrase, “location, location
Good To Know: Housing Outlook 2023
What will the new year bring for homebuyers, homeowners and home sellers? Lower or higher home prices? Higher or lower mortgage interest rates? Or a continuation of the overheated pandemic-inspired housing market? There’s no question that the blistering housing market of the past three years was hard on homebuyers. By October 2022, the average mortgage interest rate for a 30-year
The Preferred Realty Launches Pawfect Home Sweepstakes
Berkshire Hathaway HomeServices The Preferred Realty is proud to announce the Berkshire Hathaway HomeServices Pawfect Home Sweepstakes, where individuals can enter for a chance to win a custom-built, pint-sized replica of their own home for their loyal companion. Through June 6, 2022, Berkshire Hathaway HomeServices is giving consumers a chance to win their dog, cat, lizard, bird, rabbit or eve
College Scholarship Workshop Webinar Recap
Berkshire Hathaway HomeServices The Preferred Realty held two complimentary 45-minute virtual Scholarship Workshop Webinars for high school students and their parents in early December. The webinars were conducted by former teacher and principal, Todd Van Horn. Todd currently works at Berkshire Hathaway HomeServices The Preferred Realty as the Vice President of Career Development and is the creato
The Preferred Realty’s 2020 Year In Review
2020 was an interesting year, to say the least. What started out as the roaring ’20s, quickly turned into a year we would never forget. Despite challenges and changes, as a company, we were still able to shift and come out on top. From growth, innovation, and achievements, let’s go through a recap of everything this year as a company! Achievements At the beginning o
