Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Slaying Home Buying Myths ! 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 obtaining Mortgage Pre-Approval  !     ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Measuring Your Ability to Achieve the American Dream Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different econo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
US Housing Market Continues the Move into ‘Buy Territory’! According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Thinking of Selling? Now Is the Time to Act If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Is Your First Home Within Your Grasp? Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 y...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Home Mortgages: Rates Up, Requirements Easing The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgag...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Millennials Flock to Low Down Payment Programs A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down paym...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Careful…Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, r...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Importance of Using a Professional to Sell Your Home When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Why Millennials Choose to Buy Early in Life Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The 'REAL' News about Housing Affordability Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Buying this Spring? Be Prepared for Bidding Wars Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different! Buyers have already been out in force looking fo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
15,014 Homes Sold Yesterday… Did Yours? There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly. After all, 15...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Again… You Do Not Need 20% Down to Buy NOW! A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The surve...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Home Prices Up 6.15% Across the Country! Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to ano...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Consumer Confidence in Economy & Housing is Soaring The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject. HousingWire:...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Looking to Move-Up to a Luxury Home? Now’s the Time! If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in cont...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Millionaire to Millennials: Buy Now! Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.” Bach went on to explain: "If millennials don't bu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Renting or Buying… Either Way You’re Paying a Mortgage There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either your...

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