Dave Wilhelm Real Estate Professional

10/01/2021

Congratulations to Scott and Kristy! They closed on their first home! Wonderful couple and they deserve the best!

11/19/2014

Does anyone know a buyer for this property?

04/30/2014

Wednesday, April 9, 2014 — Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:

The average American family has a net worth of $77,300

Of that net worth, 61.4% ($47,500) of it is in home equity

A homeowner’s net worth is over thirty times greater than that of a renter

The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

The Fed study found that homeownership is still a great way for a family to build wealth in America.
(I saw this in an article from NewsGenius today and thought it should be shared)

02/26/2014

Thursday, February 13, 2014 — Last month, the Federal Reserve, in a unanimous vote, decided to further decrease its bond purchasing. The bond purchases were the government’s stimulus package created to keep long term mortgage interest rates artificially low in order to help drive the housing market. Most experts believe that tapering will cause interest rates to increase as we move through the year.

Interest rates have remained relatively stable since the onset of the tapering in December. This is probably because the first round of increases had already been ‘priced into’ the equation last summer when rates skyrocketed by over a full percentage point just on the speculation that tapering would take place later in 2013.

However, as we move forward, most analysts believe rates will start to rise culminating in a rate close to a full percentage point higher than current rates by this time next year. For example, Freddie Mac, Fannie Mae, The Mortgage Bankers’ Association and the National Association of Realtors have all recently projected rates to be between 5-5.4% at this time next year.

Bottom Line

If you are a first time buyer or a move-up buyer, the cost of the mortgage on your new home will probably increase as we move through the year. If the timing makes sense, buying sooner rather than later may save you a substantial amount of money over the long term in lower mortgage payments.
(THIS IS A RECENT ARTICLE POSTED ON NEWSGENI.COM)

02/20/2014

01/18/2014

11/15/2013

Just received a letter from stating in September I was in the top 10% of Realtors nationwide! Cant believe it and I sincerely thank all those that helped.

09/17/2012

Just ran the numbers for Rostraver Township and we have a 40% share of the sold market and our closest competitor has 23%! The market is on fire with these low interest rates and some listings are selling in less than a day so if you know of anyone who is thinking of making a move now is the time to do it!

08/22/2012

Ready to ride the road of success!