COVID-19 and its side effects have kept rural Pa. real estate agents busy

COVID-19 and its side effects have kept rural Pa. real estate agents busyThe last time Tina Richlin’s phone rang this much was just after the terrorist attacks of 9/11, when some city residents thought they’d be safer in the mountains. Today, the COVID-19 pandemic has the lines at Richlin’s real estate office in rural Sullivan County ringing nonstop again with people seeking to rent short-term, buy second homes, or relocate altogether to somewhere with a smaller population.

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What The Fed’s Interest Rate Cut Means For You

What The Fed’s Interest Rate Cut Means For YouThe Federal Reserve cut its short-term benchmark rate by a half percentage point Tuesday morning. The timing of this rate cut, which comes in between the Fed’s scheduled policy meeting, hasn’t occurred since the 2008 financial crisis. This lowers the federal-funds rate to a range between 1% and 1.25%.

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via WSJ

Want A Real Valuation? Don’t Rely On Zillow

How accurate is Zillow’s Zestimate? Not very, says one Washington-area agent.David Howell is executive vice president and chief information officer at McEnearney Associates. Stan Humphries, chief economist at Zillow and architect of the Zestimate, responds to Howell’s criticisms in his own commentary. To read Zillow’s rebuttal, click here.

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Mortgage Rates Hit 3 Month Low according to WSJ

Mortgage Rates Hit Three-Month LowAverage mortgage rates fell to the lowest level since mid-November last week as unease over economic growth in the U.S. and market turmoil abroad prompted investors to load up on government bonds, pushing down long-term interest rates. The average rate on a 30-year fixed-rate mortgage was 4.47% last week, down from 4.52% the week before, the Mortgage Bankers Association said Wednesday.

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via Wsj

Shamokin & Coal Township Get Help in Fighting Blight

Fighting the Blight in Northumberland CountySHAMOKIN – Several communities in Northumberland County are cracking down on blight thanks in part to $500,000 in state grant money. Take a walk down Bear Valley Avenue in Shamokin and you’ll see several rundown buildings. It’s something that upsets Louise Gotaskie and other neighbors. “I take pride in my house.

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