Pocono Real Estate News
Read news stories and information about the Pocono Real Estate market, Pocono Vacation Rentals and local happenings.
Pending home sales up 7.4 percent in August
Pending home sales rose 7.4 percent from July to August, an unexpected piece
of positive news for the battered U.S. housing market.
The National Association of Realtors said Wednesday its seasonally adjusted index
of pending sales for existing homes rose to 93.4 from an upwardly revised July reading
of 87. The reading
Home sales are considered...
READ MORE...
Sovereign Bank, Great Mortgage Rates
Sovereign Bank, Senior Loan Officer, Ross O. Crawford announced to the agents
of Pocono Resorts Realty on Tuesday September 9, 2008 that rates on 30 year
fixed, 0 points mortgage have dropped to 5.875%.
Now is a perfect time for buyers with good credit to purchase a home, with
interest rates at these low rates, and home prices low, buyers can afford
more home, and at Pocono Resorts Realty our inventory of quality
vacation/investment homes is excellent.
Sovereign is among the top five Most Admired Companies in mortgage service
for 2008. To find out what Sovereign's award-winning mortgage services
can do for you contact Ross today to get pre-approved, 1-215-345-8438
View Website
What rescue means for mortgage rates
Sunday's federal takeover of Fannie Mae and Freddie Mac will likely translate
into lower mortgage rates and greater availability of credit, experts said.
Rates could drop by 1 percentage point from the stubbornly-high 6.39% for a
30-year fixed... READ MORE...
Government takes on role in mortgage market
WASHINGTON (AP) -- Uncle Sam has just become the 800 pound gorilla in the
U.S. mortgage market. The Bush administration is seizing troubled mortgage
giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged
housing and credit crisis.... READ MORE...
How to find good investment property
The idea of owning rental real estate seems to be gaining popularity as
investors tire of the swoops and swoons of the stock market. As I pointed
out in a separate column, not everyone has what it takes to be a landlord.
But those who do may find rentals to be a good way to build wealth.
Once you've made the decision to buy rental... READ MORE...
Golf Play & Stay Packages
Pocono Resorts Realty announces the introduction of a new service for golfers
looking to stay in the Pocono's and play a variety of local golf courses. Golfers
can log on to our website, www.prr1.com and pick a course and choose a home and
our Agents will customize a Play and Stay package. Pocono Resorts Realty, the
Pocono's Largest Vacation Rental Agency, currently has more than 700 homes,
townhouses and condo's to choose from and 5 golf courses, with others golf
courses joining the Play and Stay package group shortly.
With the introduction of this new service Pocono Resorts Realty is responding to
owners of rental properties that have been seeking a way to increase their occupancy rate.
With the large number of golfers coming to the Pocono’s during the spring, summer and fall
this makes perfect dollars and sense.
Top 5 Places to Own a Summer home
Looking for a destination for all seasons? The Pocono Mountains offer
skiing (winter), horseback riding (spring), sailing (summer), and hiking
(fall). (There's even a Fall Foliage Hotline to point you to the most
spectacular views and scenic driving routes.) Single-family homes range
from $175,000 to $300,000, with lakeside and mountainside properties
available... READ MORE...
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