Wilkes- Barre 18703
WILKES-BARRE- Spacious 3 story double, 5 bedrooms and 1.5 baths each. Wood floors, wood moulding and all maintained beautifully. Great neighborhood, two blocks from Kings College! In Great condition! Great investment property.
White Haven 18661
HICKORY HILLS- 2 bedroom cabin in amenity filled community!Open floor plan,knotty pine interior,nice yard.Home needs some TLC-Come and make an offer today!
Mortgage rates hit decades-low of 4.32 percent
Average rates for 30-year fixed mortgages drop to 4.32 pct., lowest rate in decades
The average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week, mortgage buyer Freddie Mac said Thursday. That's the lowest since Freddie Mac began tracking rates in 1971.
The average rate on 15-year fixed loan dropped to 3.83 percent from 3.86 percent the previous week. That's the lowest on records starting in 1991.
Rates have been falling since spring as investors have shifted money into safer Treasury bonds. That has lowered their yields, which mortgage rates tend to track.
The low rates have fueled a wave of refinancing by borrowers. Refinancing is at its highest level since May 2009 and makes up almost 83 percent of all new loans, its highest share since January 2009.
People seeking lower rates helped boost mortgage applications by 2.7 percent last week, the Mortgage Bankers Association announced Wednesday.
However, the low rates haven't been enough to lift the struggling housing market. Home sales are at the lowest level in more than a decade. Potential buyers are holding off purchases, worried about jobs and the economy. Some are having trouble meeting tighter lending standards.
To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
Average rates on five-year adjustable-rate mortgages fell to 3.54 percent from 3.56 percent the week before. Rates on one-year adjustable-rate mortgages fell to an average rate of 3.50 percent from 3.52 percent.
The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 a point for 30-year and 1-year mortgages. They averaged 0.6 of a point for 15-year and 5-year mortgages.
Pending home sales rise 5.2 percent in July
WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in July, increased 5.2 percent to 79.4 from June. June contracts were revised to show a slightly bigger 2.8 percent decline instead of the previously reported 2.6 percent fall.
Compared to the July last year, pending home sales fell 19.1 percent. Economists polled by Reuters forecast the index, which leads existing home sales by a month or two, falling 1.0 percent in July.
Home sales and building activity have dropped sharply following the end in April of a popular tax credit for home buyers.
"Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery," said Lawrence Yun, NAR chief economist.
(Reporting by Lucia Mutikani; Editing by Padraic Cassidy)
Albrightsville 18210
HOLIDAY POCONO- Charmer on 3 lots on quiet street.4 bedrooms/2.5 baths,nice master bedroom suite with walk in closet and bath suite. Spacious living room,over-sized garage for 4 cars!Whole house generator.Come enjoy the Pocono's seasons on screened porch.
White Haven 18661
4.43 Acre Tract of land zoned Commercial, easy access of Rte 80 at White Haven Exit. Site has city water, city sewer natural gas. Excellent location for Hotel or Motel, restaurant, and gas station also at exit, property is close to Big Boulder and Jack Frost Ski areas, White Water Rafting, and other Pocono attractions.
102 Indian Trail Jim Thorpe, PA 18229
MLS #10-7731
Pocono lake 18347
ARROWHEAD LAKES Contemporary Ranch With lots Of Lite & Character 3 Bedroom, 1 Bath, living Room Dining Room Combo. Vaulted wood Ceilings, Hardwood floors,Glass waal to Deck. Fireplace, built in bar. All custom butcher block counters. Oversized lot. private Setting
Lake Harmony 18624
SNOW RIDGE VILLAGE- Just in time for the ski season! Why rent when you can own this immaculate single unit summit located in Jack Frost Ski and Golf community. Stone wood burning fireplace in living room, hot tub room off master bedroom, screened in deck, 2 bedrooms, 2 bathrooms, loft and bonus bunk room. Being sold fully furnished.
Lake Harmony 18624
BLUE HERON-End unit 2 bedrooms,2 bath with stone fireplace and hardwood floors.Community sewer and water.Close to skiing!
Lake Harmony 18624
LAKE HARMONY- LAKEFRONT! 3 bedroom,2 1/2 bath Chalet with many upgrades! New kitchen and baths.Living room with gas propane fireplace. Large family room with granite wet bar,fireplace.Anderson doors to lake,new vinyl siding 2010. 75'foot wide on lake! 2 docks,shed,laundry room & work room. This is a Must See! See disclosure for full details of improvements.Hot Tub also.
Attention Landlords, watch out for companies that are offering vacation rental services with little to no experience. With slow Real Estate sales in some areas, companies with little to no experience in vacation rentals are offering this service. Ask the company these questions:
How long has your company been doing Vacation Rentals
How many rentals have you done in the last 10 years, most likely zero because they just got into the vacation rental business
What is the cost to market your home
Where is your home marketed
How many agents do rentals
Pocono Resorts Realty has been doing Vacation Rentals since 1984, we are the leader in the area, and we have more than 30 agents in 4 offices that are trained and knowledgeable in not only booking the rental but resolving any issues related to the rental.
Don't be fooled by inexperienced companies
White Haven 18661
AGMAR ESTATES- LAKEFRONT!on Lake Agmar!2 story natural California Redwood exterior.3 bedroom,2 bath,great room with fireplace,family room.Deck,circular driveway-private settings with mountain/water views!
Robert P. Ludgate, President/CEO announced that the company will be moving the office on Rte 903 to the Big Bear Shopping shortly. The company is having Twin Builders renovate the space, the office will be 1500 square feet, and provide us with ample parking for our customers. Ludgate says that the company has been very successful with sales and rentals at the office we shared with Twin Builders, but needed more space and parking.
FOR WINTER RENTALS AT JACK FROST AND BIG BOULDER MOUNTAINS CALL 570-722-0111 BOOK NOW!
PROPERTIES MAY BE VIEWED ON OUR USER FRIENDLY WEB SITE http://www.prr1.com/viewrentals.php
CHECK OUT PRESEASON TICKET SALES www.jfbb.com
1425 Lindsay Mews Albrightsville, PA 18210
MLS #10-7374
11 Pinoak Dr Jim Thorpe, PA 18229
MLS #10-7419
43 Tanglewood Dr Albrightsville, PA 18210
MLS #10-7297
75 Pine Hollow Drive Lehighton, PA 18235
MLS #10-7422
128 Ginsburg Cir Albrightsville, PA 18210
MLS #10-7412
1332 Timberline Drive
Lake Harmony 18624
LAKE HARMONY ESTATES- WOW! 5 bedroom,3 bath newer contemporary.Has many upgrades! C/A,gas heat,new carpet,family room,hot tub.Sold furnished!Great rental history-central sewer.Access to Lake Harmony. Close to all attractions
Looking to find a long term rental?
Call Charles O. Bubar at the Rte 940 office, Robert P. Ludgate, President/CEO of Pocono Resorts Realty is please to announce that Charles has been very successful in placing tenants in homes thru out the tri-county area.
Pocono Lake 18347
LOCUST LAKE VILLAGE- This is the ONE!Priced to sell!Immaculate raised ranch-3 bedrooms,1 1/2 bath, family room,living room with free-standing fireplace(wood burning)and beautiful hardwood floors,kitchen and shed. Sold furnished per list. A Must See!
Lansford 18232
LANSFORD-Lovingly maintained, well built 5 bedroom house for sale with old world charm and elegance is adorned with antique stained glass window inserts, ornate wood trim and accents, original solid oak hardwood flooring throughout, stylish cozy brick fireplace, Lots of windows, spacious bedrooms and a great sunporch! Nice roomy front porch and sitting area and a great yard too! You'll fall in love at first sight!
Albrightsville 18210
TOWAMENSING TRAILS- Great Rental Potential. 3 bedroom, 3 bath, loft, family room, hot tub, new kitchen tile, landscapes, new paint outside, decks just stained and weatherized. Everything stays. Great for getaways or for investing.
Albrightsville 18210
TOWAMENSING TRAILS-ONLY STEPS TO BEACH, POOL and CLUBHOUSE!!! This well maintained, Saltbox designed doolhouse includes 3 bedrooms, 2 bath, and a spacious sleeping loft. Recently carpeted & newly painted interior & exterior w/skylights and stylish wood accents makes this house attractive & bright. Bonus of a large sunroom to enjoy with greenery abound! Expansive newly stained deck for entertaining! Close to all of the major attractions of The Poconos..10 mins to Historic Jim Thorpe and only 5 mins. to Jack Frost/Big Boulder ski area, H20 waterpark & close to whitewater rafting & Hickory Run State Park that features Boulder Field. Pool/Lake community/Clubhouse/Gameroom/Bar!
7-1601-16 Lehigh Court
Pocono Lakes 18347
ARROWHEAD LAKES-Alpine chalet with fireplace, 2 bedrooms-large loft-efficient propane heat,wood insert in fireplace. In gated community with 3 pools and 2 lakes!Almost heaven!Priced to sell!
Pocono Lake 18347
ARROWHEAD LAKES-Price reduced! Motivated seller! This house is a must see!Totally renovated Alpine Ranch- Everything is new!New roof,well pump,septic tank,wood stove,windows,doors and much more!Walk to the Island Pool & Beach!Plus a large cleared backyard on a quiet private street. This house has an extra greenbelted lot for added privacy. Well maintained home!
White Haven 18661
WHITE HAVEN- Great 2 bedroom, 1 bath ranch ON 4 ACRES,POSSIBLE 6 MORE ACRES AVAILABLE ASK AGENT, new carpets and appliances, central air, large deck. Lots of upgrades, new roof,well pum, electric, new furniture. Enjoy this all year or vacation. Close to all Pocono amenities. This house is being sold turnkey. Come and see today
Lake Harmony 18624
MIDLAKE-LAKEFRONT penthouse w/ spectacular view of ski area and lake!Convert this 2 bedroom into 3!Already there is a sleeping loft.Currently sleeps 10!Walking distance of beach,pool,lake and tennis courts.Heated pool with hot tub included with amenities!Thie wonderful penthouse hosts a lush wood trimmed entrance just on the opposite side of the foyer.All newly installed windows.Master bedroom opposite master bath-new insulated glass windows throughout.
Robert P. Ludgate, President/CEO of Pocono Resorts Realty is please to announce that the company is now setup to accept Quick Pay from any Chase customer. You can send money online or by mobile phone in just a few clicks. Now customers of Chase can send money to book your next rental home quickly and with no fees, check with your local Chase bank and ask about Chase Person-to-Person Quick Pay.
635-637 E Patterson St Lansford, PA 18232
MLS #10-6793
129 Mill Pond Snow Ridge Lake Harmony, PA 18624
MLS #10-7132
Average rates for fixed mortgages fall to 4.49 pct., lowest level on record
Government-controlled mortgage buyer Freddie Mac said Thursday that the average rate for 30-year fixed loans this week was 4.49 percent, down from 4.54 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971.
The average rate on the 15-year fixed loan dropped to 3.95 percent, down from 4 percent last week and the lowest on record.
Rates have fallen since spring as investors seek the safety of U.S. Treasury bonds. That has lowered the yield on Treasurys. Mortgage rates tend to track those yields.
The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.
Low rates have sparked some activity in the weak housing market, but not a massive boom in refinancing.
Applications to refinance loans increased 1.3 percent and those to purchase homes increased 1.5 percent, according to the Mortgage Bankers Association.
Nevertheless, high unemployment, slow job growth and tight credit have made it difficult for many to purchase homes. The housing industry received a boost this spring when the government offered homebuying tax credits, but housing activity has plummeted since they expired in April.
The number of buyers who signed contracts to purchase homes plunged in June to the lowest level on records dating back to 2001, according to the National Association of Realtors.
To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
Rates on five-year adjustable-rate mortgages averaged 3.63 percent, down from 3.76 percent a week earlier. Rates on one-year adjustable-rate mortgages fell to an average of 3.55 percent from 3.64 percent.
The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 a point for all loans.
725 Penn Drive Tamaqua, PA 18252
MLS #10-6648
345 Parker Trail Albrightsville, PA 18210
MLS #10-6691
48 Thoreau Cir Albrightsville, PA 18210
MLS #10-6802
3 Wetzel Rd Jim Thorpe, PA 18229
MLS #10-6555
119 Lipo Way Albrightsville, PA 18210
MLS #10-6785
Mortgage rates hit low of 4.54 pct.
Average rates for fixed mortgages hit lowest level on record for fifth time in six weeks
The average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week, mortgage company Freddie Mac said Thursday. That's the lowest since Freddie Mac began tracking rates in 1971.
The last time rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.
The rate on the 15-year fixed loan dropped to 4 percent, down from 4.03 percent last week and the lowest on record.
Rates have fallen since the spring. Yields on U.S. Treasury bonds have dropped as jittery investors seek safer investments. Mortgage rates tend to track the yields on Treasurys.
Low rates helped spark a little activity in the weak housing market. Applications to purchase homes rose 2 percent last week from the previous week, the Mortgage Bankers Association said Wednesday. Still, the market has been struggling and overall applications for loans were down last week as fewer people applied to refinance.
High unemployment, slow job growth and tight credit have made it difficult for many to purchase homes. The housing industry received a boost this spring when the government offered homebuying tax credits, but since those expired in April housing activity has fizzled.
Sales of previously occupied homes fell 5.1 percent in June. New home sales jumped last month, but it was the second-weakest month on record and it came after sales tumbled in May.
Refinance activity has increased over the last month as homeowners seek more affordable monthly payments. But many don't qualify for a loan or don't have the cash to pay for closing costs. And rates have been low for so long that many have already refinanced.
To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
Rates on five-year adjustable-rate mortgages averaged 3.76 percent, down from 3.79 percent a week earlier. Rates on one-year adjustable-rate mortgages fell to an average of 3.64 percent from 3.70 percent.
The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 a point for all loans.
T 628 Effort, PA 18330
MLS #10-6392
723 Penn Drive Tamaqua, PA 18252
MLS #10-6656
11 Dryden Dr Albrightsville, PA 18210
MLS #10-6709
12 Midway Dr Jim Thorpe, PA 18229
MLS #10-6728
217 Longfellow Circle Albrightsville, PA 18210
MLS #10-6471
Mortgage rates remain at lowest level in decades
Average rates on 30-year fixed mortgages unchanged at 4.57 pct, lowest level in decades
WASHINGTON (AP) -- Mortgage rates were unchanged this week at the lowest point in decades, but it hasn't been enough to jump-start the housing market.
Government-sponsored mortgage buyer Freddie Mac said Thursday the average rate for 30-year fixed loans this week was 4.57 percent. That's the same as a week earlier and the lowest since Freddie Mac began tracking rates in 1971.
The last time home loan rates were lower was the 1950s, when most mortgages lasted just 20 or 25 years.
Rates have fallen since the spring. Investors, concerned with the European debt crisis, have poured money into the safety of Treasury bonds. Treasury yields have fallen and so have mortgage rates, which tend to track yields on U.S. debt.
However, low rates have yet to fuel home sales and have sparked only a modest increase in refinancing activity.
The housing market has slowed since federal tax credits for homebuyers expired at the end of April. And the latest decline in mortgage rates is unlikely to boost the market.
Mortgage rates have hovered near record lows for some time, so most people who can afford to buy homes or qualify to refinance their loans have already done so in the past 18 months. Doing so again wouldn't be worth the cost for most.
Meanwhile, millions of Americans are unable to take advantage of the low rates. Many have seen the value of their homes plummet and have little or no equity. Or they lack good credit or steady income to get or refinance a mortgage.
Rates could go lower and still not budge the housing market, analysts say. That's because a person without a job can't afford a home and a person worried about losing their job is unlikely to do so either.
To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
Rates on 15-year fixed-rate mortgages decreased to an average of 4.06 percent, down from 4.07 percent last week. Rates on five-year adjustable-rate mortgages averaged 3.85 percent, up from 3.75 percent a week earlier.
Rates on one-year adjustable-rate mortgages fell to an average of 3.74 percent from 3.75 percent.
The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for all types of loans in Freddie Mac's survey averaged 0.7 a point.
812 S Old Stage Rd Albrightsville, PA 18210
MLS #10-6190
515 Rockledge Court
Lake Harmony 18624
Single Family 5 Bedrooms, 3 baths, hot tub, 2 fireplaces, central air. Terrace level with game room and bar area. Approx. 2800 sq ft. Master bedroom with fireplace and master bath suite, adjoining sun/hot tub room. Replaced roof and siding. Three full levels of spacious living. Close to lake, tennis courts/pavillion area and ski resort. Community grounds maintenance, water, and sewer.
$319,000
MLS 10-5854
2102 Tunkhannock Dr Albrightsville, PA 18210
MLS #10-5924
155 Bishop Circle Albrightsville, PA 18210
MLS #10-5757
NEW YORK (AP) -- Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don't qualify for new mortgages or have already taken advantage of the low rates this year.
As a result, the housing market and the broader economy may not benefit much from the lower rates.
The average rate on a 30-year fixed mortgage dropped to 4.57 percent this week, mortgage company Freddie Mac reported Thursday. That's down from the previous record low of 4.58 percent set last week.
It's the lowest since Freddie Mac began tracking rates in 1971. The last time rates were lower was in the 1950s, when most long-term home loans lasted just 20 or 25 years.
Rates have fallen over the past two months. Investors, concerned with the European debt crisis, have poured money into the safety of Treasury bonds. Treasury yields have fallen and so have mortgage rates, which tend to track yields on long-term Treasurys.
However, low rates have yet to fuel home sales. The housing market has slowed since federal tax credits for homebuyers expired at the end of April. And the latest decline in mortgage rates is unlikely to boost the market.
Mortgage rates have hovered near record lows for some time, so most people who can afford to buy homes or qualify to refinance their loans have already done so in the past 18 months. Doing so again wouldn't be worth the cost for most.
Meanwhile, millions of Americans are unable to take advantage of the low rates. Many have seen the value of their homes plummet and have little or no equity. Or they lack good credit or steady income to get or refinance a mortgage.
Overall mortgage applications increased last week from a week earlier, the Mortgage Bankers Association said Wednesday. But they still remain 35 percent below last year's levels.
Rates could go to zero and still not budge the housing market. That's because a person without a job can't afford a home and a person worried about losing their job is unlikely to purchase, too, said Greg McBride, senior financial analyst with Bankrate.com.
"And if an $8,000 tax credit didn't get buyers to take the plunge, saving $50 a month on a mortgage payment probably won't either," he said.
To calculate the national average, Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
Rates on 15-year fixed-rate mortgages increased to an average of 4.07 percent, up from 4.04 percent last week. That was the lowest on records dating to September 1991.
Rates on five-year adjustable-rate mortgages averaged 3.75 percent, down from 3.79 percent a week earlier. That was also the lowest on Freddie Mac's records, which date back only to January 2005.
Average rates on one-year adjustable-rate mortgages fell to 3.75 percent from 3.80 percent.
The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for all types of loans in Freddie Mac's survey averaged 0.7 a point.
John M. Klaiber
Was born and raised in Western PA.,after finishing high school, I went to Penn State and recieved an Electrical Engineering Degree. After graduation I worked for Radio Shack for 7 years and later went on to be a District Manager. In 1978 my wife and I got into the TV & Appliance sales and service business. In 1992 I moved to Bear Creek Lakes in Jim Thorpe,PA. A few years later I became Treasurer for the Bear Creek Lakes Civic Association. I've been in the real estate business for the past 8 years. I've always enjoyed working with people, and helping them with their needs. I am happy to now be part of the Pocono Resorts Realty team.
Pocono Resorts Realty the areas leader in Sales and Rentals of Vacation and Investment properties is expanding its business with the opening of the Rte. 903 Albrightsville office.
Robert P. Ludgate, President/CEO of Pocono Resorts Realty says that the expansion into the Albrightsville area will better serve sellers and buyers in the Towamensing Trails, Holiday Pocono, Indian Mountain Lakes, Bear Creek Lakes and all of the surrounding communities in the area.
Pocono Resorts Realty has been selling and renting vacation and investment properties through out the Pocono's since 1984, and has been the leader in the industry with the most advanced website and software available. When many local agencies were only concentrating on sales, Pocono Resorts Realty focused on all aspects of the secondary market, allowing its customers and clients that purchased their homes from another agency the opportunity to turn that purchase into an investment.
Our agents are the most experienced in finding the perfect home for vacation /holiday tenants. The vast inventory of quality vacation homes in many communities through out the Pocono's allows our tenants to choose the perfect home to suit their needs.
For our Owners/Landlords, we offer the finest in rental management. We have cleaning and maintenance companies and contractors to accomplish every task needed to keep the rental property up to date. We have linen services available to tenants that don't wish to bring their own linens, and multiple check-in areas, convenient to their rental homes. The keys are not merely left at a drop station for tenants to pick up; but rather our experienced rental agents are here to answer questions in person at check-in.
With more than 25 years of service in the sales and rentals of vacation and investment properties our agents can provide the expert help and assistance to clients wishing to purchase a vacation or investment home. Now is not the time to gamble with an agency that is either just starting a rental department, or does vacation rentals as a hobby. Trust your investment to Pocono Resorts Realty the area renowned leader in the sales and rentals of vacation and investment properties.
Ellyn V. McGinnis, Broker/Owner of Town & Country Homes, LLC has joined Pocono Resorts Realty as an Associate Broker, Ellyn and her husband Steve reside in Lake Harmony. Ellyn brings with her over 23 years of expreience as a Broker/Owner in the Bucks and Montgomery County area.
Ellyn experience includes listing, selling and land development, and new construction where most recently she assisted C&M Home Builders in the sale of over 500 homes in the Blue Mountain Lake Estates.
Average rates on 30-year mortgages drop to 4.71 percent, setting new all-time low
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.
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