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Seventh Best Place in the Country for Mortgages Staying Afloat - Lancaster, PA

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Real Estate Agent with Keller Williams Elite RM423455

Lancaster, PA is the seventh best place in the country for mortgages which are staying afloat according to 24/7 WallStreet.com 

Lancaster is a great place to be and one can still buy a great little house for under $100,000, like one of the Living in Lancaster Groups listings at 312 N Arch Street. This home is in great condition and listed at $84,900. But I digress from the facts found in the article regarding places in the country with mortgages which are staying312 N Arch St, Lancaster, PA afloat.

Only 5.44% of all mortgages are greater than what the homes are worth. Prices are stable with only 1.83 % decline in prices during the past 12 months. This stability is very positive.

This coupled with an unemployment rate of 7.3% makes it a great time to buy a home or to sell your home in order to buy another home.

The real estate market is local and the oft heard bad news of the national market is not true of the Lancaster home for sale market. The lower number of homes with mortgages which are staying afloat creates ripe opportunities for buying and selling homes in Lancaster.

To learn more about these opportunities give me a call.

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Living in Lancaster Group

 

An agent who places your interests as his first priority. 
Cal Yoder

Your Homes for Sale in Lancaster Agent

Keller Williams Realty Lancaster

1630 Manheim Pike

Lancaster, PA 17601

Office Phone: 717-735-1145

Cell Phone: 717-413-0744

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You can find great local Lititz, PA real estate information on Localism.com The Living in Lancaster Group - Cal Yoder            717.413.0744       is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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Robert Hammerstein -
Christie's International Real Estate - Hillsdale, NJ
Bergen County NJ Real Estate

Cal - Good to read some good news. Yes it is certainly a good time to buy. We will never see these kinds of mortgage rates again in our lifetimes.... Best of luck and success...

Nov 01, 2011 11:28 AM
Krystal Knott
Christie's International Real Estate - Summit Colorado - Breckenridge, CO
Breckenridge CO Real Estate & All Summit County CO

Cal, it is so great that you have properties for sale in your area for under $100k!  Rates are low making now a great time to buy.  Hope you have a prosperous rest of the year!  --Krystal

Nov 01, 2011 11:31 AM
Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.
eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC
Talk To or Text Peter 250-213-9490

Hi Cal,

right on stability and rebuilding confidence is not an event...... it is a very slow process that requires all of us to educate buyers and sellers how to move forward smart like and without risk. start by

"Calling Cal!"

Nov 01, 2011 02:02 PM
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Robert and Lisa, it is really good news and I will keep trying to let folks know about the good news.

Krystal, I am amazed how affordable some of our housing is.

Peter and Linda, stability is here, but the confidence seems to be what is lacking. Thanks for your encouragement.

Cal

Nov 01, 2011 03:37 PM
Roy Kelley
Retired - Gaithersburg, MD

Very positive information for Lancaster.  It is a wonderful time for home buyers to take advantage of the attractive prices and the very low mortgage interest rates.

Have a great day and an outstanding November.  Be sure to have your camera in hand to capture those special moments.

Chrysanthemum Display:  Autumn Harvest is the seasonal Conservatory Display at Brookside Gardens in Montgomery County, Maryland. October 8 through November 20, 2011. Our visit was on October 22.  Photograph by Dolores Kelley using a Canon PowerShot S90 camera.

Roy and Dolores Kelley Photographs

Nov 02, 2011 02:09 AM
Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Wow, Cal! That is definitely something to brag about! Woo Hoo! Good for Lancaster, PA homeowners! (and buyers!)

Nov 02, 2011 07:14 AM
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Cal - sounds like you've got some great buys in your area and that coupled with the low interest rates and employment opportunites should encourage some buyers to jump off that fence and buy now.

Nov 02, 2011 01:02 PM
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Cal Yoder

Homes For Sale in Lancaster PA - 717.413.0744
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Author Bio: Specialities of Cal include listing properties and successfully selling them. He does this well through fantastic marketing and an exceptional ability to price a property correctly. He has a thorough knowledge of the marketplace because he produces market reports monthly. He represents first time home buyers very well because of his patience and communicaton skills. First time buyers rely upon his steady demeanor and tough resolve. Because of Cal's success in investment property he possesses the ability to assess real estate as an investment. This includes rentals and flips in Lancaster City and Lititz, PA area.

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