Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

March 22, 2018

Delaware has lowest tax burden in the contiguous United States

According to a 2018 article on Wallet Hub, Delaware has the lowest tax burden of any State in the contiguous United States. Alaska is #1 of the 50 states, but it's not in the contiguous United States and it's so cold and far away that not many people are going to move there just for the tax benefits. 

 

If you're looking to retire and on a fixed income, every penny you can save is a big deal in choosing where to call home. If you'd like to stay on the East Coast to be close to friends and family but pay less in taxes, you might want to browse all of the Delaware Homes for Sale on our site. 

In comparison, our neighboring States were much lower on the list. Pennsylvania #41, New Jersey #43, Maryland #36.

 

Source: WalletHub

*Assumes “Median U.S. Household” has an annual income of $55,754 (mean third quintile U.S. income); owns a home valued at $184,700 (median U.S. home value); owns a car valued at $24,000 (the highest-selling car of 2017); and spends annually an amount equal to the spending of a household earning the median U.S. income. 
**National Average of State and Local Tax Rates = 10.78%
***Assumes “Median State Household” has an annual income equal to the mean third quintile income of the state; owns a home at a value equal to the median of the state; owns a car valued at $24,000 (the highest-selling car of 2017); and spends annually an amount equal to the spending of a household earning the median state income.

See the entire article here: https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/

Posted in Market Updates
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates