Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Do You Know How Much Equity You Have in Your Home? An RPR Report will tell you ! CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Epic Housing Shortage Being Reported in Lancaster, PA !!!! The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revela...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
5 Reasons Why You Should Not For Sale By Owner! In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good ide...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Home Buying Myths Slayed in Lancaster Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. Buyers , your first step is Mortgage Pre-Approval  ! Cont...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
NAR Data Shows Now Is a Great Time to Sell! We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Buying Is Now 33.1% Cheaper Than Renting in the US The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show t...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Top Home Renovations for Maximum ROI Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big proje...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Inventory Shortages Are Slowing Down the Market The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market rac...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The Supply & Demand Problem Plaguing New Construction Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secur...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
If Your Home Hasn’t Sold Yet… Definitely Check the Price! The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bi...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
5 Reasons You Should Sell This Summer Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the count...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Can Your Real Estate Agent Answer These Important Questions? Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry 'lingo,' but you should exp...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
What Would You Sacrifice to Save For Your Next Home? Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top item that buyers sacrifice is new clothes, at 54%. Even repeat or experienced buyers say they sacrificed taking a vacation or buying...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
#1 Reason to List Your House for Sale, NOW! If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale  The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Why Working with a Local Real Estate Professional Makes All the Difference If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Inventory Challenges Continue! Some Highlights: After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $2...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Do You Know the Cost of Waiting? Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year,...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Financial Planning: 4 Reasons to Buy a House Today Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Buying a Home? Do You Know the Lingo? Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. Freddie Mac has compiled a more exha...

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