Susanna Kunkel's Blog Posts

The Role of Buyers Concessions | Seller Tips for Success

What are buyer concessions?Buyer concessions are agreements in real estate where the seller covers some of the buyer's closing costs or other expenses associated with purchasing the property.A

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Post-NAR Settlement Fee Structure Risks

How does the NAR settlement affect working with a Realtor?A swipe left, swipe right app for home showings combined with a fee for service contract does not support and protect consumers in the home

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Affordability housing crisis into 2025?

Where are mortgage rates headed?My favorite real estate reporter, Lance Lambert commented this week in his ResiClub newsletter on upcoming trends for mortgage rates and the potential impact on

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Middle class housing crisis amid soaring debt levels

Debt is holding down American familiesHouseholds feeling strangled by debt hit headlines this week, but it's a daily truth and not news to a majority of our friends and neighbors.American debt

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How does the NAR settlement affect home buyers?

Do I have to pay a buyer agent commission?The shift in how buyer agents are compensated driven by NAR's lawsuit settlement has generated rampant fear, misiniformation and frankly absurd

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Inventory levels as a sign of market health

How do you analyze a real estate market? Before COVID we counted on 'saturation rates' based on inventory levels to determine if it was a buyers or sellers market. It's become much more complex in

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Feb 2024 Philadelphia Market Report

Philadelphia Market Report - February 2024Download FULL ReportActive ListingsMedian Days on MarketMedian Sold PriceNew ListingsNew Pending SalesFor a broader view;Center City Philly Real Estate

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Housing shortage could be long term challenge

Will housing shortage improve with reduced interest rates?"As rates come down, and that all goes through the economy, we’re still going to be back to a place where we don’t have enough

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Downsizing home options for 'Silver Tsunami'

Where can I 'downsize' to and live comfortably?What's missing from recent news about the 'silver tsunami' impact on housing? Transfer of wealth and increasing inventory is the focus. What about

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How to select the right listing agent

Selling your home is a personal journey. It involves your home, your family and your future. Selecting an agent you like or know is tempting, but do they have the skills necessary to accomplish your

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Affordable Living in Central PA

Home buyers facing affordability challengesIn early COVID I saw the coming crisis of affordability and unfortunately it materialized.Business Insider reports:"Home affordability improved

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Center City Philly in 2024

What's happening in Center City?Center City District just published their 2024 Real Estate Development Report. What you'll find;5 Center City Real Estate Development TrendsQuality over

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Luxury Market Report - February 2024

Download the full report HERE. Excerpts below;Expectations and Considerations for 2024 To say that the high-end market has seen a dramatic growth over the last few years is probably an.

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3 Biggest Home Seller Mistakes

What is the biggest selling obstacle?When I asked ChatGPT "what are the top 3 mistakes home sellers make?" answers were good, but missed the #1 step for sellers, which no one (including AI) tells;

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Central PA Real Estate Market Report - January 2024

Mixed Results for Central PAOverall, Central Pennsylvania counties continue to see healthy market trends in terms of value. However, there are slight dips in certain areas in January's report worth

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January 2024 Philadelphia Market Report

Greater Philadelphia Area - Increase of inventory and number of salesWhile it's a month-to-month comparison, recent market data from Bright MLS shows a strong uptick in both new listings and number

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2023 vs 2022 Market Results

What happened in 2023?This year marks 20 years for me as a realtor and I have to say 2023 was one of the strangest I've seen. There's an eerie similarity to my January 2010 "mulitple reality" report

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Interior Design Color Trends for 2024

What are designers saying?I love to get inspired by designer insights. However as I tracked articles at year-end about 2024 colors I'm both inspired and cautious. The housing industry took a big hit

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What we can learn from the Luxury Market?

Luxury trends that apply to all marketsWhat are key market trends in the luxury segment that are the same in all markets within the Greater Philadelphia area and Central PA for 2023?Fewer number of

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Previews of 2023 Year End Report

What happened in 2023?It's time for year-end reviews and 2024 predictions. Usually, I'm disappointed with market reports which is what motivates me to data dive for information that hopefully you'll

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LIVE Central PA Market Updates

Live Market Updates for Central PAThe charts below compare overall market trends with micro-market dynamics over the past 5 years - updated LIVE every month;Overall market (blue)Attached townhomes

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What's the future of WFH and midtown office space?

Who's winning the WFH battle?Recent news highlights the WFH battle in cities worldwide. CNBC's report below features East Coast mayoral efforts to revitalize downtowns with Philadelphia office

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Spotlight on Tiny Tudor in East Falls

Sometimes great homes come in small packages. A new listing from Compass hit the market and the press last week with a unique offering in East Falls. The 2 bd / 1 ba, 960 sf Tudor built in 1941 is

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218 S 3rd - Society Hill Luxury at Estates on 3rd

History meets modern luxurySociety Hill is one of Philly's most desirable neighborhoods, nestled in the midst of our nation's historic monuments, parks and museums near the Delaware Riverfront and

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Farmers Markets in Your Area

Fresh from the farm!One of the great things about living in Pennsylvania is we are surrounded by thriving local farms and dairies. Whether you live on Rittenhouse Square, on the Main Line or in

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Did we just hit bottom?

Was Q1 2023 the turning point?You can never call a market bottom other than with with hindsight. While markets remain mixed, reports indicate a willingness by industry leaders to "call the bottom"

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Equestrian 60 Acre Home in Chester Springs PA

Historic Horse FarmChester County has some of the Main Line's favorite equestrian homes in areas like Devon, Berwyn and Chester Springs.Recently listed 1525 Hollow Road is a prime example with a

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Top 10 Places to Live in Philadelphia Area - 2023

What's your vote?Niche.com's Top 10 Places to Live in Philadelphia highlights suburban living;Chesterbrook - next to Berwyn and Devon in Chester CountyArdmore - in the heart of the Main LinePenn

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March Winds Bring Spring Market Changes

Winds of change for real estateMarch winds are bringing more than unexpected storms! Shifts in the real estate market show signs of a stabilization of our "new realty" - higher interest rates, yet

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LIVE Main Line Market Updates - 5 Year Comparison

How's the market?That's literally the $1M question! My "tongue-in-cheek" answer is "it's complicated!" But seriously, to get a feel for what's really going on - please review the charts below

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Top 5 Reasons to Live in Blue Bell, PA

Why is Blue Bell a local favorite on the Main Line?Great schools, strong community, abundant outdoor recreation for all ages combined with a strong economic base and quality planned subdivisions

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Center City Philly Market Trends | 5 Year Comparison

Center City Market ReportsIn prime Center City neighborhoods, market data is a bit more complicated due to the variety of homes and condos for sale. The charts below track;Overall market (blue

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Top 10 Myths About Short Sales

Do Short Sales Work?Short sales are a segment of real estate that is widely misunderstood and poorly represented. Often I hear negative comments from real estate agents that are actually just self

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Rittenhouse and Fitler Square Top Picks

Join me for a tour of Rittenhouse and Fitler Square real estate. I'm going to share with you some of my personal favorites of what's available on the market today. From modest priced pied-a-terre

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Luxury Market Report - February 2023

North America Luxury Report"Current expectations are that the market will return to more normal patterns in 2023’s short-term cycle, so it’s highly likely a marked uptick in properties

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Buyers Guide - Prepare for Success

How to buy a home in today's market?There's so much that goes into the home buying process that isn't covered on HGTV. Knowing how to prepare for success, and what to expect reduces stress and

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Mid-Century Gem in Wayne

One of the things I love about Main Line living is the architectural variety; large estate homes with butterfly stairs, Cape Cods, Craftsman, Mid-Century Modern to name a few

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3 Steps for Home Buyer Success

How to buy a home in today's market?What are the critical steps for success? HGTV makes it look so easy! Just view 3 homes and pick one and you're done - right?There are many moving pieces that aren

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Top 4 Parks in Blue Bell PA

What are the Top 4 Blue Bell parks?Wissahickon Valley Park; a large park connected to several townships that offers a variety of recreational activities such as hiking, biking and fishing. It also

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Rittenhouse Luxury Spotlight

Luxury Marketing Sizzle on Rittenhouse Square!I was thrilled to see this new luxury listing at 1830 Rittenhouse by Alon Seltzer of Compass. He's truly bringing the level of luxury marketing to new

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Legal risks for sellers in a hot market

Downside of a Hot Sellers MarketIn our recent hot seller's market there's been a trend to require waiving of inspections in competing offer dynamics. However tempting that may be, it puts

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Housing Supply Impact for Sellers

What the Housing Shortage Means for SellersOne of the hottest topics of conversation in today’s real estate market is the shortage of available homes. As a seller, you’ve

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History Meets Modern Finishes in Fairmount

Love unique homes?So do I and Philadelphia has many! Philly's mix of historic properties goes back to when Philly was the nation's capital and hosted neighborhood meetings with Ben Franklin.

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Main Line and Philly Market Report - Nov 2022

The truth in today's real estate news?Main stream news leads you to believe the real estate market is crashing like 2008. Sound bytes don't substitute for facts but they do sell advertising. Ok,

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Luxury Market Report - November 2022

Highlights from the Institute for Luxury Home MarketingTrends in the US and Canada for luxury homes in November;Will Prices Fall? This is a big question, and yet the jury remains cautious as to

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Should I get a Radon Test?

Should I Get a Radon Test?You've found the perfect home and have an accepted offer. Congratulations! Now it's time to schedule inspections and many buyers wonder if they should get a radon test. It

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Philly LOVE, yup it's a thing!

Philly - a city of 1,000 NeighborhoodsWhen I moved to Philly in early 2011, my love for Philly only grew with getting to know the people and the neighborhoods.I found over time that the love for

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The Future for Univ City, Rittenhouse and Logan Square

Business and political changes support Rittenhouse Square and neighboring areas such as University City and Logan Square's future values.Life Sciences Ongoing Development in University

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Diva Living on Rittenhouse Square

Want to live like a movie star? Join me on Rittenhouse Square! I love the diversity of architecture and style offered with Rittenhouse Square condos. Everything from pre-war historic details to

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Are New York “transplants” driving Philadelphia’s housing market?

New Yorkers to blame?? 🤔So many dynamics impact our local market. It's not entirely fair to point the finger at transplants from New York for driving values higher as cited in a recent article

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Housing Recession vs. Housing Hangover?

Are we actually in a housing recession?As indicated in the Inman article quoted below, the use of the term "housing recession" has skyrocketed in news sources, as well as Google searches in the past

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Impact of Wall Street's Merger with Main Street

Wall Street to Main StreetThe "merging" of Wall Street and Main Street is mostly an untold story in 2022. Yet aggressive acquisition of residential real estate by Wall Street investment funds along

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Foreclosures with Equity Post Forbearance

Pre-foreclosure Homes with EquityOne of the most untold stories of the post-COVID housing market - the majority of homes in pre-foreclosure have equity! However, homeowners are stuck in a Catch-22.

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Disruption in Real Estate Tech – 90’s flashback

Flashback to the 90'sRecently in a discussion about crypto real estate technology, there was a comparison to the internet in the early 90’s and I flashed back….I was working in the C

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Real Estate News as Quantum Physics

Quantum Physics?Never have I seen a real estate market with so many different versions of reality, and layers of data that can be counter-intuitive when it comes to analyzing trends, values and

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Foreclosure Tragedy of 2022

2008 Equity Crisis vs 2022 Economic CrisisFor the past two years, conversations in mainstream media, Clubhouse or broker meetings have been focused on a lack of foreclosure risks due to the fact "it

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How Foot Traffic Affects Condo Values

Office workers returning to Center City PhillyHybrid back-to-work models appear to be the new normal, based on a recent survey by Philadelphia's Center City District. Major metropolitan areas across

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WFH Demands Continue to Drive Housing Market

From the luxury market to first time homebuyers, the shift to work from home continues to drive the housing market. Changing economic patterns continue to evolve and remain in flux during 2022. In

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Should I Waive the Appraisal and Home Inspection?

Knowledge Is Power When It Comes to Appraisals and InspectionsBuyers often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand

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Philadelphia Real Estate News | The Untold Stories

What does art have to do with real estate news?Great question! Makes me flash back to my college days being asked why I double majored in Art and Business.As an artist, my eye is trained to see the

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The Truth About Short Sales

What to do if I'm facing a foreclosure?You may have heard that short sales take forever, don't work and are not viable for home buyers or sellers. In fact, short sales are an

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Top 3 Housing Market Trends

3 Hot Topics in the Housing Market If you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The 

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Bitcoin | From Wall Street to Your Street

Bitcoin and Luxury Real EstateDespite Wall Street and regulatory controversies, bitcoin remains a strong market presence, as reported by Bloomberg.com. What’s the future of cryptocurrency

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Are pocket listings in YOUR best Interest?

Selling homes without putting them on the MLS (Multiple Listing Service) is commonly called “Pocket Listings” and has created some controversy among real estate brokerages. Inman News

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Will Center City's Commuters Return?

What's the future for Center City Philly? While the buzz of cosmopolitan living around Rittenhouse Square has increased in the past few months, uncertainty remains about the live / work lifestyle in

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Rittenhouse Square - Philly's "Upper East Side"

I love New York, but I'm not a New YorkerIf you're a New Yorker, first and foremost let me say I don't know Manhattan the way you do! I lived there in the early 80's and it always has a special

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Main Line New Construction Homes

New construction luxury homes on the Main Line are rare in the predominantly historic communities. To meet today's buyer demand for modern amenities, older stone homes are often renovated to combine

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From Billionaires Row to Billionaires Village

You've heard of thousands of people moving to Philly from New York City as part of post-COVID market trends. Where are the uber-wealthy moving to? A lesser known migration is from Manhattan's

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Buying Sight Unseen During COVID

Buying sight unseen is a bit scary, to say the least. To do it during COVID-19 shutdown took some real courage from both buyers and sellers.809 S 3rd St in Queen Village - SOLD for $1,075,000While I

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