BHHS Fox & Roach - The DeMaio Team

07/14/2026

The United States is grappling with a severe housing crisis, marked by escalating rents, soaring home prices, and a critical shortage of affordable housing. As of June 2026, the median sales price for existing homes reached a record $440,600, a 1.8% increase from the previous year. This marks the 36th consecutive month of rising home prices. (apnews.com)

Despite these high prices, home sales have declined. In June 2026, existing home sales fell by 2.4% from May, reaching a seasonally adjusted annual rate of 4.09 million units, well below the historical norm of 5.2 million. (apnews.com)

Rental markets, while showing signs of cooling, remain unaffordable for many. A report from Harvard’s Joint Center for Housing Studies indicates that, as of late 2025, the monthly cost of a median-priced home, including mortgage, insurance, and property taxes, reached $3,120, rising to $3,200 in today’s dollars. This surge in pricing is severely impacting young adults, who are also burdened with student debt, facing a weaker job market, and struggling with economic uncertainty. (axios.com)

The shortage of affordable rental housing is particularly acute. As of 2024, 11 million extremely low-income households were competing for just 3.8 million affordable and available rental homes. (novoco.com)

In response to the crisis, the U.S. Senate passed a bipartisan housing bill aimed at expanding housing supply and reducing prices. The legislation seeks to streamline housing construction, restrict corporate investors from purchasing single-family homes, and increase funding for affordable housing. However, President Trump has delayed signing the bill into law, citing the need for additional voter ID legislation. (apnews.com)

The housing crisis continues to affect millions of Americans, with affordability challenges persisting despite legislative efforts.

07/09/2026

Hey everyone, it’s Joe DeMaio checking in from Ridge Avenue in Roxborough, Philadelphia. I just dropped my car off for inspection and I’m walking to the gym now. It’s amazing to see how much this area has transformed over the past five years. I’m a local—born at Roxborough Memorial Hospital, with my family, aunts, and cousins all from here. I grew up in the neighborhood until I was 12 before moving to Chestnut Hill and then Flourtown.

This area has always been a solid middle-class community, boasting one of the lowest crime rates in Philadelphia. Many police officers even choose to live here. As I stroll down Ridge, I’m noticing all the new construction—condos, apartments—it’s really coming alive. The hipsters, yuppies, or whatever they’re calling themselves these days, are moving in. There’s a beer garden, a Tibetan restaurant, and plenty of garden and park festivals happening.

You’re super close to Manayunk and Chestnut Hill, and if you want to escape the city for the suburbs, it’s just a 15-minute drive to Center City. Plus, there’s easy access to public transportation. It’s always been a family-oriented place, and while I can see the gentrification in progress, I genuinely believe this area offers solid investment opportunities.

If you’re searching for a family-friendly community, there are tons of Little League and youth sports organizations, all in a beautiful setting with great people. I also cut hair at Andorra Shopping Center, and the clientele I see there still carries that hometown feel, though it’s evolving quickly. The younger doctors, lawyers, financial advisors, and creative types are moving in now for years, taking advantage of the affordability while they can.

If you’re considering investing or looking for an alternative to city life, reach out to the BHHS Fox & Roach - The DeMaio Team. My mom and I know this area inside and out, so if you have any questions, feel free to hit me up. Let’s chat!

07/06/2026

Congratulations 🎊 to Jennifer & David! Closing / Settlement day BHHS Fox & Roach - The DeMaio Team BHHS Fox & Roach - The DeMaio Team 🙂

06/16/2026

06/04/2026

Home prices left wages for dead.

The red line represents nominal home prices, the raw Case-Shiller home price index before adjusting for inflation. The yellow line depicts nominal wages, which are average hourly earnings before adjusting for inflation. The blue line shows real home prices, indicating home prices after removing inflation. The purple line represents real wages, showing wages after inflation adjustment.

Final results since 1987:

• Nominal Home Prices: +418%

• Nominal Wages: +256%

• Real Home Prices: +75%

• Real Wages: +20%

This is the chart people are actually upset about. Not gas, not eggs, not a $6 coffee. Housing has run away from wages, even after adjusting for inflation. Real home prices are up 75%, while real wages are up only 20%.

So when someone says “just work harder,” they are essentially telling you to sprint against a car. Your paycheck may have gotten a raise, but the housing market has taken off.

The most ironic part is that people will still pretend this is a discipline problem, as if the average person forgot to budget their way into a home that has inflated faster than their labor value for almost 40 years.

03/15/2026

Another reminder asking to show some love & give a like 👍 to the 👉 BHHS Fox & Roach - The DeMaio Team on Facebook. With over two decades of experience in the real estate market, I have honed my skills since 2003, while my mother has dedicated her entire adult life to this field. Her extensive expertise in interior design adds a unique dimension to our services; she has been featured in magazines and has collaborated with multimillion-dollar developers to create stunning interiors.

When you choose our mother-son team, you're essentially gaining two realtors for the price of one, both committed to working exclusively for you. This dual perspective allows us to better understand your needs, whether you’re buying or selling.

Navigating the real estate market can be daunting, but having a knowledgeable agent can make all the difference. Studies show that working with a real estate professional leads to better outcomes, including higher sale prices for sellers and better outcomes with transactions for buyers. We’re here to ensure that you have the best possible experience, leveraging our combined expertise to guide you every step of the way.

Don't hesitate to reach out to the DeMaio Team today!