Black Friday Market Update, Nov. 2015.

  Please feel free to like my Facebook page. 8% of my commission split can still go to a 501c3 charity of your choice, of course terms and conditions apply. Please feel free to call me at 484-393-2305 if you have any questions.



I hope this blog finds you well. I'll go over some thoughts on the national market, then the Lehigh Valley MLS and Zillow Report. Scroll to the bottom to see how many years you have to live in the Vally to own vs rent.

1. Some general thoughts about the National market:

T1: "A Fed rate hike in December is "pretty much in stone," said the head of strategy at RBS, adding the futures market is pricing in three rate hikes by the end of 2016, despite promises of a slow path higher." - CNBC.com, around Nov 17th.

T2:

 

T3:     Performance of the XLF index fund which tracks banks. The price is at 24.51, which is close to its 52 week high. It seems people are believing in the banks; it might be simple

Thoughts on the national Market:

2)MLS Lehigh Valley MLS

 a)

September 2015 Update

  Please feel free to like my Facebook page. 8% of my commission split can still go to a 501c3 charity of your choice, of course terms and conditions apply. Please feel free to call me at 484-393-2305 if you have any questions.


As November begins, the Lehigh Valley Housing Market seems to be growing stronger. While we did not have a rate hike at the Federal Reserve last month; many, including Carl Icahn, think that it would be better if the economy had one. Oil prices have remained low and that is good for the stability of the American Consumer. 

The Market Update for the month of October has not been released yet, so these are the metrics from September.

I) As for the Lehigh Valley: The Lehigh Valley Association of Realtors Report indicates:

Recap:  Lower Inventory and increased Closed Sales. Median Sales Price had a bad month.

A) New Listings and Pended Sales

Reaction: I find it intriguing that the amount of listings are consistent from year to year. Pended Sales are up an outstanding 17.9% despite the amount of listed homes remaining impressively static.

September in particular furthered the pended listing momentum by  seeing pended sales up 20%

I do not expect to see such a large increase next year as I believe the market is hitting equilibrium.

B) Median Price:

Reaction: For the Month, Northampton and Lehigh County did poorly in terms of Median Price. Median Price is up 2.4% for the year -- I do not believe the monthly overview is much to worry about.

C) Days on Market

Reaction: Less is more in this case. I believe  the narrow range of DOM is likely a healthy indicator for the market.

D) Top 3 Performance by School district by average sales price Year To Date

1. Southern Lehigh +11.7%
2. Northampton 11.3 %
3. Allentown 7.3 %

II) Zillow:

In the below charts it seems that the Hanover twp and the Easton Area is leading the way in terms of YoY returns. The forecast is for another 1.6% price growth.

Conclusion: The Lehigh Valley seems to have steady and consistent growth. I hope to see this continue, I do not expect the pended sales to keep trending so dramatically