More good news for those of us in Lancaster county. In October Forbes named us "One of the 10 best places to ride out the recession." Now Kiplinger.com has named us one of the "six real estate safe havens" accross the country. These places are noted for there stable home values, comparatively low foreclosure rates, and housing affordability.
Kiplinger wrote: "Known as an Amish cultural hub, [Lancaster County] is also home to a diverse group of industries, including printing and food processing. This helps keep the local market stable and unemployment low, as losses in one sector aren't devastating to the overall economy."
This confirms what I already knew and have been telling people. Lancaster is an affordable place to live and housing prices never got out of control and therefore haven't come crashing down. The article also said that home prices have gone up 1.6 percent in the past 12 months.
The other five safe havens Kiplinger named were Albuquerque, N.M.; Burlington, Vt.; Clarksville, Tenn.; Pittsburgh; Johnson City, Tenn; and Burlington, Vt.
You can see the article here: http://www.kiplinger.com/tools/slideshows/slideshow_pop.html?nm=RealEstateCities
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Lauren Krady is a real estate professional with Coldwell Banker, the nation's oldest and most trusted brand. She is a member of the Jeff Geoghan Realty Group and serves all of the Lancaster City PA homes market with superior customer service and dedication. Contact Lauren to start your home search in Lancaster City and beyond by calling her at (717) 824-7236.
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