1030 Lancaster Avenue 114, Just Closed by Kimmy Rolph (In 17 Days!), if you think you read that incorrectly, you did not! We closed this listing, well under 30 days with a cash offer. For those renting on The Main Line and looking to buy, there are still affordable condominiums and great financing options for buyers. Mortgage rates have inched up in 2022, and experts posit that they will inch up further in 2022. According to Reuters,
Median forecasts from the Jan. 12-19 Reuters poll showed the Fed raising its key interest rate three times this year, starting in March, to 0.75-1.00% by end-2022, a significant upgrade from two hikes predicted in the December survey.
This forecast is likely to combat inflation, but it does not prohibit buyers and more importantly, if you are renting, the housing costs could vary more inconsistently. My buyers are finding the right deals, right now on The Main Line. Are you looking to secure stable housing, and close in record time? Contact me for the latest listings on The Main Line.
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