Explore Lancaster, PA
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
76% Of US Homeowners Now Have at Least 20% Equity in Their Homes! CoreLogic’s latest Equity Report revealed that 91.1% of all mortgaged properties are now in a positive equity situation, while 75.9% now have significant equity (defined as more than 20%)! The report also revealed that 548,000 hous...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 4
Don’t Underestimate the Importance of Using an Agent When Selling Your Home When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 4
The Cost of NOT Owning Your Home Owning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the Americ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
50% of Houses sold in 36 Days or Less in July [INFOGRAPHIC] Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real esta...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Mortgage Standards Easing TOO MUCH? NO!! There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put e...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Interest Rates Remain at Historic Lows… But for How Long? The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deci...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 3
Why Getting Pre-Approved Should Be Your First Step In many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are seri...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Is the Current Pace of Home Sales Sustainable? There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can se...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
New Construction Numbers: Now Versus 2005 There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The hav...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
Home Prices Up 5.61% Across The Country! [INFOGRAPHIC] 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 rel...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
5 Reasons to Sell This Fall School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family. He...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
14,767 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, 14...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 0
Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC] Some Highlights: Hiring a Real Estate Professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make! A Real Estate Professional has the experience needed to help you through the entire p...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 0
The Housing Market is Doing Just Fine There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the n...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
How Scary is the Housing Affordability Index? Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here is how N...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 3
Housing Market Slowing Down? Don’t Tell Builders! Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007. The...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 3
2 Myths About Mortgages That May Be Holding Back Buyers Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fann...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 3
Whether You Rent or Buy, You’re Paying a Mortgage There are some people that have not purchased a home 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 yours o...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 1
How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not ...
By Michael J. Perry, Lancaster, PA Relo Specialist
(KELLER WILLIAMS Central PA East)
Comments 2
‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC] Some Highlights: ‘Old Millennials’ are defined as 25-36 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. M...

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