Cassidon Property Management
Cassidon Property Management – Long & Foster> Pennsylvania> Wilson Borough> 18042 PublicAppPath StateLubProvinceCode PA FullState Pennsylvania SeoEncodedUspsPreferred City Easton Postal code 18042 Sale price: $ 215,000 Date of sale: 09/19/2022
Classic fully rebuilt and modernized full brick duplex located in Wilson Borough. Original wooden floors throughout. Fresh paint. New kitchen cabinets and household appliances. The third floor has a finished attic with wardrobes for extra storage space. Nice fenced level in the yard. All this and low taxes.
Cassidon Property Management
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Washington Ave, Northampton Township, Pa 18067
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$ 243,000 1814 Washington Boulevard Wilson Borough, PA 18042 5 beds, 2 bathrooms, 1,876 m² Learn more
245,000 $ 1603 Butler Street Wilson Borough, PA 18042 4 beds, 3 bathrooms, 2,843 m² Learn more
William Street, Bethlehem, Pa 18015
$ 284, 900 2660 Nazareth Road Palmer Twp, PA 18045 3 beds, 2 bathrooms, 1,582 m² Learn more
$ 359, 900 1601 Spring Garden Street Wilson Borough, PA 18042 5 beds, 2 bathrooms, 1,512 m² Learn more
$ 244, 900 14 Red Rose Lane Palmer Twp, PA 18045 3 Beds, 2 Bathrooms, 1,951 m² Learn more
$ 195,000 21 S 14TH Street Easton, PA 18042 3 Beds, 2 Bathrooms, 1,416 sq m Learn more
Cassidon Property Management
$ 345,000 1 Gold Rose Lane Palmer Twp, PA 18045 3 Beds, 3 Bathrooms, 1,870 m² Learn more
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Tallest and best until Monday 9/13 to 18:00 The gorgeous cape cod in the heart of Hellertown is here and waiting for its new family. This home is conveniently located just minutes from anything you can imagine; schools, parks, swimming pools, public library, local restaurants, grocery stores, an agricultural market, the Saucon railroad, access to I-78 and more! Inside this house there are 3 bedrooms and 2.5 bathrooms. Beautiful wooden floors in most rooms. The partially finished basement is perfect for an additional family room / playroom with a bathtub. Gas heat and central air! Most of the windows have been modernized and replaced. Gas heating installed in 2013. One of the few houses around it that has a garage for 2 cars!
Farmers Ln, Sellersville, Pa 18960
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Disclaimer: Historical sales information is obtained from public records provided by district offices. Information is not guaranteed and should be independently verified.
408 Maple Road, Hellertown, PA 18055 (MLS # 678601) is a single family property that sold for $ 235,000 on October 14, 2021. Want to know more about 408 Maple Road? Have questions about finding another property for one family for sale in Hellertown? You can browse all Hellertown properties or contact a Coldwell Banker agent for more information.
A new low-cost option from Home Partners of America. They buy a house, you rent it for 1-5 years with the right to buy it. Real Estate Corporate owners may soon be buying homes in Lehigh Valley. What you need to know
North Peach Street, Allentown, Pa 18102
Corporate ownership of single family homes for rent is steadily increasing nationwide, and in some areas more than 40% of homes for sale have been swallowed up by the institution.
It’s a phenomenon that has yet to reach Lehigh Valley, but is coming, local realtors say. What’s taking so long?
The reasons are countless, but the main ones are location, location, location, and the relative lack of acquisitions in the Lehigh Valley Valley which allow corporations to step in and buy single family homes at discounted costs.
At least one Valley Real Estate Specialist says it’s only a matter of time before they arrive.
Carol C. Dorey Real Estate, Inc.
Jack Gross, Realtor of Cassidon Property Management in Bethlehem, said the issue was raised at a recent broker meeting with Greater Lehigh Valley Realtors.
“One of the brokers mentioned that it would be a common thing across the country and it would show up here at some point, which I have no doubts about,” said Gross, who owns over 70 tenants of all kinds and sizes. “But now I don’t see the problem that I know about. I’ve seen reports in different parts of the country. “
A recent report by the US House of Representatives Committee on Financial Services found that the number of single-family homes purchased by such real estate firms has increased sharply in recent years. The top five owners and operators of single-family homes saw their inventories increase by more than 27%, or more than 76,000 homes, between 2018 and 2021.
According to the report, after the Great Recession, corporate ownership of single-family homes for rent has increased by 3% annually since 2010, with the fastest year-on-year growth in 16 years in the third quarter of 2021.
W Turner St #1, Allentown City, Pa 18102
Prior to 2008, investors owned around 10 million homes, but none owned more than 1,000 and many had less than 10 in their portfolios as smaller investors dominated.
The May report of the National Association of Realtors shows that institutional investors accounted for 13% of the housing sales market in 2021, and the median purchase price of institutional buyers was typically 26% lower than the median purchase price in the states.
The top five institutional investors – Invitation Homes, American Homes 4 Rent, FirstKey Homes, Progress Residential and Amherst Residential – have properties in several states, but none are in the Northeast.
Tim Tepes, Realtor of Assist-2-Sell Buyers & Sellers Realty in Northampton, said these companies are focusing on places with warm climates to the south or west.
Jack Gross Of Better Homes And Gardens Real Estate Cassidon Realty In Bethlehem, Pa
“These big companies are in the south, in places with beaches, and are popular locations,” he said, “such as Las Vegas, Arizona, Texas, Atlanta, Florida, North and South Carolina.”
“Lots of people are migrating south and there are more rental options and prices are cheaper,” he said. “We see it a lot.”
A Congressional report found that in the third quarter of 2021, institutional investors bought 42.8% of homes for sale in the Atlanta metro area and 38.8% of homes in the Phoenix metropolitan area.
These markets have seen more acquisitions, making it easier for investors to buy homes in the hundreds. Of particular concern was that a large amount of sales were made in areas with a large minority population.
Easton Avenue, Bethlehem, Pa 18017
“A 2018 study found that increases in institutional investment in [single family homes] in Atlanta between 2010 and 2015 were concentrated in older neighborhoods and correlated with higher concentrations of Asian, Latin and Negro residents,” the report reads. “A 2017 Los Angeles County case study found that middle-income neighborhoods with higher percentages of blacks and lower home values were disproportionately affected by increased investor participation in the SFR housing market.”
The median gross rent in the top 20 zip code areas of the five companies was $ 1,259, approximately 13% above the national median, or $ 1,096. In Atlanta, larger landlords were 68 percent more likely to file for eviction. Tenants have also found it more difficult to contact larger companies, while smaller property owners may have a personal relationship with tenants and try to find a solution.
“They’re trying to get as much cash as possible from as many units as possible,” said Tepes. “Unfortunately, that is driving people out of the neighborhood.”
The foreclosure factor may explain why Lehigh Valley was not seen as an expansion candidate for large institutional investors.
Maple Rd, Hellertown, Pa 18055
The April report from Greater Lehigh Valley Realtors, using data from the Greater Lehigh Valley Multiple Listing Service, indicates that foreclosure / distressed homes have been an unnoticed part of the Valley market for several years and market share has been steadily declining.
In 2021, emergency sales accounted for just 0.3% of Lehigh Valley home sales. Compared to 0.5% in 2019, the last full year before the COVID pandemic, and 1.4% in 2017.
While foreclosures are expected to increase in the near future in Lehigh Valley as the COVID pandemic moratoria has expired, Gross does not expect a severe flooding in the area that could attract the attention of institutional investors.
“We keep hearing, in some parts of the country, that there is a hidden inventory of real estate foreclosures that are about to happen, and so a tsunami is coming,” Gross said, “and I keep
We’ve Never Experienced The Demand Like We Are Experiencing Today.’ Why Rentals Are Hard To Find In The Lehigh Valley
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