Explore Lancaster, PA
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
Rents Skyrocket at Highest Rate in almost a Decade The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain sin...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
A Homeowner’s Net Worth is 45x Greater Than a Renter’s! Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 0
     Are Buyers actively looking for Homes in Lancaster County , PA ? The National Association of REALTORS has recently reported that for the 2nd consecutive year Buyer Foot Traffic remains very brisk . Additionally the Listing Inventory in Lancaster County is under 2,000 properties and the Abso...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC] Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.6% by next year. ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
3 Crucial Questions Most Home Buyers Don’t Know the Answer To...DO YOU? Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: What is the minimum down payment re...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 5
Would You Qualify for a Mortgage Now? The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Homeownership Builds Wealth & Offers Stability The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
Saving to Buy a Home? Do You Know the Difference Between Cost & Price? As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home. M...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 0
Is Now the Right Time to Put Your House on the Market …or Not? Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
2 Tips For Getting The Most Money When Selling Your House Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LIT...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC] Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top thing that buyers sacrifice are new clothes at 54%. Even repeat or experienced buyers say they sacrificed taking a vacation...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 4
4 Reasons to Buy This Summer! Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Ho...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Sales at Highest Pace in 9 Years! [INFOGRAPHIC] Some Highlights: Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million. Inventory remains below the 6-month norm and prices are still on the rise. Interest rates are at a historic low of 3.48%. Email   mikeperrykw@g...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
3 Reasons to Buy Luxury Property THIS Year!! For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, coupled with sensational mortgage rates, means that this may be the perfect time to purchase the luxury property you have always desired. Let’s break it d...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers? Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest r...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
Gap Between Homeowner’s & Appraiser’s Opinions Narrows Slightly In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to fin...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
5 Reasons to Sell This Summer As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why: 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
    The 2016 Real Estate Market represents a very opportunistic time to create Net worth for years to come .  Real Estate values that were wiped out by the Great Recession of 2009- 2012 have been steadily increasing !      Rents have been increasing at an alarming rate around the Country ! But ev...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
     I was out showing 6 properties yesterday and dodging pockets of short thunderstorms . But while all of this was happening the Dow Jones was greatly shaken by Britain's exit from the EU ! And immediately home owners everywhere were wondering will a stock market down turn affect my value ?    ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 5
Thinking You Should FSBO? Think Again [INFOGRAPHIC] Some Highlights:  According to NAR's Profile of Home Buyers & Sellers: 88% of buyers look for their new home online. Using a real estate agent can net you $39,000 more than FSBO'ing. There is a long list of people that you will have to negotiate...

Lancaster, PA Real Estate Professionals