RE/MAX Main Line - James Prendergast

06/08/2026

06/06/2026

Everyone keeps asking if they should wait for rates to drop.

Here’s the reality and some context:

In the 1980s, people were buying homes at 12%
In 2020, rates were around 3%
Today we’re in the 6s
In 2025 the average was 6.6%

People think waiting is the “safe” move. Just hang tight until rates come down and then jump in. Sounds logical, but what usually gets missed is what happens when that plays out.

If rates drop, more buyers come back into the market. Demand picks up. Competition gets tighter. Prices tend to move up again.

So yeah, maybe you get a better rate. But you might be paying more for the home and competing against multiple offers again.

Right now the market is just different. There is less competition in a lot of areas. More room to negotiate. More inventory sitting than we have seen in a while. Geopolitical swings.

Not encouraging anyone to do anything just trying to provide some context.

06/03/2026

06/01/2026

A $187 million development just broke ground in Ardmore — and this is a much bigger story than “new apartments.”

This project signals major confidence in the Main Line market from developers, retailers, and investors betting big on Ardmore’s future. Between the walkability, train access, Lower Merion schools, Suburban Square growth, and new retail expansion, Ardmore is becoming one of the strongest lifestyle hubs in suburban Philadelphia.

And here’s what most people are missing: projects like this may become increasingly rare. With Lower Merion limiting most future developments to 3 stories, large-scale opportunities like this likely won’t happen often again — which could make existing housing even more valuable over time.

For homeowners, buyers, and investors, this is the kind of development that can reshape demand, property values, and the future of an entire area.

The Main Line is changing — and Ardmore is right at the center of it.

05/11/2026

Happy Mother’s Day to my amazing wife, Cat, and the incredible mother of our three children!

You truly are the glue that holds our family together. Between homeschooling the kids, running your photography and travel businesses, and somehow still making our house feel like home, I honestly don’t know how you do it all.

Our kids are so lucky to have a mom who teaches them with patience, loves them endlessly, and sets such an amazing example every day. Thank you for everything you do for our family, both seen and unseen.

Happy Mother’s Day, Cat. We love you so much!