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We analyze the current real estate market conditions in locally and nationally, separating media hype from reality while examining foreclosure rates, price appreciation, and interest rate predictions.
• Berks County currently has 446 homes on the market, showing stability in the mid-four hundreds
• Foreclosure rates are up 7% nationally but represent only 1 in 758 homes compared to 1 in 45 during the 2008 crash
• National housing appreciation predictions average 1.6% for remainder of 2025, while Berks County is experiencing 5.4% appreciation
• Interest rates are stabilizing in the 6.4-6.6% range with little expectation of significant decreases
• Home prices are up 55% nationally compared to five years ago, with current market adjustments averaging only 3.5% downward in some regions
• The "five-year rule" suggests homebuyers will typically come out ahead if they hold property for five years regardless of market timing
• Tax exemptions on primary residence sales ($250,000 for singles, $500,000 for married couples) may be increased to reflect significant home appreciation
• Experts recommend focusing on personal housing needs rather than attempting to time the market
If you're thinking about buying or selling, don't make decisions based on headlines. Work with a real estate professional who understands the local market conditions and can help you navigate the current environment based on your personal situation.
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Welcome to The Brad Weisman Show, where we dive into the world of real estate, real life, and everything in between with your host, Brad Weisman! 🎙️ Join us for candid conversations, laughter, and a fresh take on the real world. Get ready to explore the ups and downs of life with a side of humor. From property to personality, we've got it all covered. Tune in, laugh along, and let's get real! 🏡🌟 #TheBradWeismanShow #RealEstateRealLife
Credits - The music for my podcast was written and performed by Jeff Miller.