People in Delaware who are selling their homes in 2016 should be aware of some of the current trends that are affecting the housing market. Understanding what the market is like and what factors are influencing buyers' decisions could help people to determine how to...
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Year: 2015
Towns move for development district plans
On Behalf of Tunnell & Raysor, P.A. | Dec 10, 2015 | Land Use And Zoning
Delaware residents who are interested in real estate may want to learn about the recent news that Georgetown and Dagsboro are conducting planning towards gaining designation from the state as Downtown Development Districts. The project is intended to get the two towns...
How residential real estate is valued
On Behalf of Tunnell & Raysor, P.A. | Nov 25, 2015 | Residential Real Estate
For many people in Delaware, purchasing a home will be the biggest long-term investment that they'll make in their lifetime. When deciding where to buy a home, it's important to consider whether the home's value will grow. Similarly sized homes can have vastly...
Housing prices are not going up everywhere
On Behalf of Tunnell & Raysor, P.A. | Nov 12, 2015 | Residential Real Estate
If real estate investors in Delaware only look at the national metrics for the U.S. housing market, they might come away with the false impression that houses are not affordable right now. Over the past three years, U.S. housing prices have increased by 17 percent....
Online real estate listings
On Behalf of Tunnell & Raysor, P.A. | Oct 29, 2015 | Residential Real Estate
The availability of online real estate listings has transformed how real estate is bought and sold in Delaware and around the country. Too many people have unrealistic expectations derived from these listings, however. It is important for people to understand the...
REITs as commercial real estate investment options
On Behalf of Tunnell & Raysor, P.A. | Oct 13, 2015 | Real Estate Transactions
While many people in Delaware may dream about one day owning a large commercial property, few are able to actually accomplish it. However, real estate investment trusts provide a potential investment option that can allow individual investors to diversify their...
Hudson City Savings Bank settles redlining complaint
On Behalf of Tunnell & Raysor, P.A. | Oct 1, 2015 | Mortgages
"Redlining" is the practice of banks or mortgage companies selectively offering credit based on an applicant's race, color, sex, religion or national origin. Redlining was once a common practice in Delaware and other states, but it is now prohibited by Federal law....
Real estate brokers to face new online competition
On Behalf of Tunnell & Raysor, P.A. | Sep 17, 2015 | Residential Real Estate
The Internet has revolutionized many kinds of businesses in recent years, and Delaware residents are now able to shop for goods, pay their bills and compare vacation destinations online. The complex structure and highly regulated nature of U.S. residential real estate...
Chinese investment in American residential real estate
On Behalf of Tunnell & Raysor, P.A. | Sep 2, 2015 | Residential Real Estate
Delaware residents may recall how some media outlets compared the 2014 purchase of the Waldorf Astoria Hotel in New York City by a Chinese investment group with the buying of iconic Manhattan real estate by Japanese companies in the 1980s. Japanese investors quickly...
Reverse mortgage loan types
On Behalf of Tunnell & Raysor, P.A. | Aug 18, 2015 | Mortgages
Homeowners in Delaware who are thinking about taking out a reverse mortgage home loan may have a few different options available to them. The most popular reverse mortgage loan is the home equity conversion mortgage, or HECM. This type of loan tends to have the lowest...
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