Ocean View, DE landlords who have already profited from the national tilt toward rental popularity will have been further cheered by last month’s Zillow report on the growth of rents across the nation. They might be including apartment housing in their data, but in any case, according to the report, rent revenue is accelerating (except in Milwaukee).

Landlords had to be pleased everywhere else. Rents were up in every one of the nation’s top 50 markets—except for the unlucky Wisconsin metro. The solid 3% year-over-year growth figure meant that rent proceeds have been rising at the fastest clip since early in 2016. The national averages for the intervening years were lower for a number of reasons. Key among them was that the new rental properties were largely built for a single market—the “above-average” quality market. The result was a relative glut in new offerings that forced price competition during initial lease-up periods.

Ocean View, DE landlords might also take as good news the continuation of a lack of U.S. for-sale inventory. It fell another .8% annually. The author of the report, Skylar Olsen, found 12,128 fewer homes for sale than in the previous year. The relative dearth of houses offered for sale has been a leading factor in the relatively slow pace of housing sales—and a boon to the rental market.

 According to Olsen, “demand from renters—both from existing tenants…and from younger, would-be tenants beginning to strike out on their own—remains strong.” Proof is easy to come by: annual rent growth has accelerated in every one of the past nine months.

For investors currently appraising Ocean View, DE properties with a mind to joining the ranks of our own Ocean View, DE landlords, the latest home loan interest rate drop should come as a nudge to action. Along those lines: giving me a call is a good no-obligation step toward a most profitable venture! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

 For those who’d been monitoring Ocean View, DE mortgage rates ahead of last week’s Federal Reserve interest rate cut, the news that followed was less than definitive. The Fed’s decision to lower their overnight lending rate for the first time since the Great Recession commanded first page headlines—but the details that followed provided little clarity.

For those whose interest in Ocean View, DE mortgage rates is more than academic (homeowners pondering selling; mortgagees thinking of refinancing or applying for a line of credit, etc.), the question was whether now was the optimal time to take advantage of the bargain-basement interest rate environment…or…?

 The equivocation came on two fronts. First were reports on the fallout from Wednesday’s ¼ point drop in the Fed’s benchmark overnight borrowing rate. Wall Streeters didn’t seem to like it—not because it wasn’t good for borrowers of all stripes, but because they’d hoped for an even greater cut. Not just that—there was equivocation on the actual fallout Ocean View, DE mortgage seekers might now encounter.

By week’s end, The Washington Post reported, “Mortgage rates pause as markets digest impact of Federal Reserve meeting.” In other words, prospective home buyers expecting a drop in rates would have to wait.

Bankrate.com had a different take—an even more sour one: “Mortgage rates move upward for Friday.” By their lights, Friday’s prospective buyers might expect a slight bump in rates (though they’d still be in the historically low range).

But wait! The New York Times had excellent Friday tidings: “Mortgage Rates Are Already Lower,” they printed. Their take was joined by industry insiders like the Mortgage News Daily’s, who closed out the week with “Mortgage Rates Are Actually Much Lower Today.”

Why was the reporting so scattered? MNW’s Matthew Graham offered the best explanation. The bonds which underlie mortgages had been slow to budge until late Friday—when mortgage rates dropped “to new multi-year lows.” Graham noted that Friday’s improvements “were driven almost entirely by lenders simply catching up with yesterday’s moves.”

With lenders notching rates down, the implications for Ocean View, DE home sellers and buyers once again present a spectacularly appealing picture. For specifics on how, what, and where—give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

On Friday, Ocean View, DE’s real estate outlook ended the busy month with a genuine surprise—one that could well augur an extension of Ocean View, DE real estate’s traditional peak selling season. The news was significant enough to move from financial sections to front pages and bottom-of-the-screen crawls on cable channels. Atop the Mortgage News Daily broke the story:

“Mortgage Rates Drop Well into the High 3’s”

 Even local residents who rarely pay attention to the nuts and bolts of Ocean View, DE real estate matters would likely have done a double-take at the “3’s” in that news flash. The “low home loan interest rate” phenomenon has been old news for quite a while, but those historically low rates have hovered in the 4’s since 2017. Since even tiny changes in mortgage rates translate into big savings for home buyers (so, too, for sellers), breaking back down into “3” territory could prompt a change of plan for both groups.

MND’s announcement that “Mortgage rates were decisively lower” was corroborated by reports that in some regions the most credit-worthy applicants were “now easily seeing quotes of 3.875%.” Another article pointed out that the dip constituted the lowest level in 16 months, while another described a wider improved real estate outlook “as we enter a low-interest rate environment.”

Since most Ocean View, DE real estate observers would have thought we were already in such an environment, the further movement was both truly unexpected and definitely welcome. Whether or not it will nudge fence-sitters into action remains to be seen, as is the longevity of the phenomenon—although most commentators expect it to persist. In any case, if your own Ocean View, DE real estate plans have you thinking about taking advantage of this buyer- and seller-friendly environment, I hope you’ll give me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com

 If Hollywood action-adventure movie writers have figured anything out, it’s that after the bad guy has been defeated and the hero and heroine are relaxing, ANOTHER bad guy should suddenly appear to pose an unexpected post-finale even nastier threat! By now, audiences have learned to expect this (but if the filmmakers are clever enough, we can still be taken by surprise).

Selling your Ocean View, DE home may not seem analogous to an action movie, but there can be some parallels—particularly at the last minute, when the sale seems in the bag and you’re all but packed up and outta there.

The danger here comes in the form of communications from the buyer. No matter how amicable the buyer and buyer’s agent may have been in the course of negotiations, as the deal nears completion, there is always the possibility that an unexpected sticking point might crop up. There are many possible reasons that this happens.

For one, the act of moving is recognized as one of life’s major stressful events—and people can react to stress in unexpected ways. A failure to fix some relatively minor household maintenance issue that was agreed upon might trigger a deal-threatening misunderstanding (even if the reason for the failure was unforeseeable and can be quickly ameliorated). Since selling any Ocean View, DE home necessarily involves many details, their sheer volume means that some misunderstanding or another is always possible—and misunderstanding can easily lead to distrust. Given the size of the transaction and accompanying elevated stress levels, the danger of a deal-breaking misunderstanding is always a possibility.

The solution isn’t the one a movie screenwriter would devise, because the object is to prevent drama. It’s one of the best reasons to rely on an experienced Realtor® to represent you when selling your Ocean View, DE home. We’re expert at recognizing miscommunications at an early stage, while it is still easy to head them off. It’s also a tried-and-true way to minimize stress levels and keep a successful closing on track.

In other words, one good way to avoid melodrama: call me! Call/Text me Russell Stucki at (302) 228-7871, email me at This email address is being protected from spambots. You need JavaScript enabled to view it., visit more listings at www.beachrealestatemarket.com