Move Up Buyers Abound in Lancaster Co., PA !

Reblogger Don Hess
Real Estate Agent with KW Elite Keller Williams 1280 Plaza Blvd. Lancaster, PA 17601 AB067316
http://activerain.com/droplet/4YLr

 

 

If you're thinking of moving up to a bigger

home that will meet your needs, you need to

get qualified. Give me a call! 

 

Don Hess

KW Elite
Keller Williams Realty
1280 Plaza Blvd.
Lancaster, PA 17601
717-553-2500 Office
717-715-6288 Mobile
717-786-7967 Direct
donhess39@gmail.com 
Original content by Michael J. Perry

Is This the Year to Move Up to Your Dream Home? If So, Do it Early

Is This the Year to Move Up to Your Dream Home? If So, Do it Early | MyKCM

It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:

  1. The University of Michigan Consumer Sentiment Index
  2. National Federation of Independent Businesses' Small Business Optimism Index
  3. CNBC All-America Economic Survey
  4. The Conference Board Consumer Confidence Survey

It usually means good news for the housing market when the country sees an optimistic future. People begin to dream again about the home their family has always wanted, and some make plans to finally make that dream come true.

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

HSH.com:

“We think that conforming 30-year fixed rates probably make it into the 4.625 percent to 4.75 percent range at some point during 2017 as a peak.”

Svenja Gudell, Zillow’s Chief Economist:

“I wouldn’t be surprised if the 30-year fixed mortgage rate hits 4.75 percent.”

Mark Fleming, the Chief Economist at First American:

“[I see] mortgage rates getting much closer to 5 percent at the end of next year.”

Lawrence Yun, NAR Chief Economist:

“By this time next year, expect the 30-year fixed rate to likely be in the 4.5 percent to 5 percent range.”

Bottom Line

If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.

Buyers , your first step in entering this competitive market is to obtain Mortgage Pre-Approval ! Email mikeperrykw@gmail.com to get started.
 

 

Michael J. Perry

KELLER WILLIAMS Elite  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Pennsylvania Lancaster County Quarryville Solanco School District
Groups:
Chester County, PA
Southern York County
Berks County PA Homes for sale and info
South Central Pennsylvania Realtors
Lancaster PA Real Estate
Tags:
buyers
house
bigger
home buying
real estate sales
up
lancaster county pa
moving van
quarryville pa
larger

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Rainmaker
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Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

2017 is going to be a great year for move up buyers or for sellers and buyers looking to move on with their lives. If you been thinking about making the move, 2017 is the year to take action.

Jan 12, 2017 04:18 PM #1
Rainmaker
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Don Hess
KW Elite Keller Williams 1280 Plaza Blvd. Lancaster, PA 17601 - Quarryville, PA

I agree Les & Sarah. Thanks for stopping! 

Jan 12, 2017 04:20 PM #2
Rainmaker
1,658,435
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It might be now or never for some of these folks as BOTH prices and mortgage rates head upward !!!

Jan 14, 2017 05:11 PM #3
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Rainmaker
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Don Hess

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