U.S. News & World Report: Montgomery County Healthiest County in Pennsylvania, One of Top 200 in the US

BELIEVE THIS - The median sales price reached a ten-year high in the Philadelphia Metro as days on market hit a ten-year low. The market remained strong as closed sales volume hit an August high.

The following analysis of the Philadelphia Metro Area housing market has been prepared by Bright MLS and is based on August 2020 Bright MLS housing data.

Inventory in most markets is lower than usual, and many buyers are finding themselves in bidding wars over properties. Here are some quotes from Suburban Realtor Associations.

We are in the TOP TEN for RISING HOME VALUES IN AMERICA!

Please know that this is an incredibly lucrative time to sell. And a challenging time to secure property.

Please know that this is an incredibly lucrative time to sell. And a challenging time to secure property.

Please know this is an incredibly lucrative time to sell! And a challenging time to secure property.

Few homeowners understand that their mortgage is really owned by the quasi-govy giant lenders Fannie Mae & Freddie Mac. Fannie Mae and Freddie Mac announced that homeowners in forbearance can request payment deferrals and tack any missed payments on to the end of their loan term, without penalty or added interest.

Under forbearance, homeowners are still required to repay any missed payments. But the government-sponsored enterprises made clear in an announcement Wednesday that borrowers do not have to repay them all at once.

The quality of your life is greatly impacted by your credit scores. It is vitally important to understand the factors that may impact these. 

Homeowners with mortgages who are struggling to pay your bills may get help from one or more of these sources. Do not let your credit or your family suffer! 

Our National Association of REALTORS® has up-to-date information about the federal government’s response to COVID-19. Visit the Coronavirus Resources for Property Owners section of WWW.NAR.REALTOR/CORONAVIRUS for details about how federal agencies, lenders & bank regulators are working to help to homeowners.