Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Mortgage Process: What You Need to Know Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you dete...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
A Tale of Two Markets: A 6-Month Update Six months ago, I reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Which Lancaster Homes Increased Most in Value???  Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Ho...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Should I Buy a Home Now? Or Wait Until Next Year? 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 4.4% by next year. CoreLog...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
What to Look for in Your Real Estate Advocate How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you shou...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
How to Get the Most Money from the Sale of Your Lancaster Home Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possib...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
More Than Half of Lancaster Buyers Are Surprised by Closing Costs According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17%...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Why Are So Few Lancaster Homes for Sale? There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Most Lancastrians Say Now is a Good Time to Sell! Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points high...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Home Sales Expected to Increase Nicely in 2018 Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each e...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
5 Reasons to Sell This Fall Here are five reasons listing your home for sale this fall 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 country. These bu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Lack of Existing Home Inventory Slows Sales Heading into Fall Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Top 5 Reasons Why Millennials Choose to Buy in Lancaster County ! 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 se...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Report: Homeownership Is a Precondition of the American Dream Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree h...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Cost of a Wedding vs. Down Payment Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to mont...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Looking for Your Dream Home? Know What You Want vs. What You Need In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
4 Reasons to Buy in Lancaster This Fall! Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that pr...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
How Supply and Demand Impacts Lancaster Home Values Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there h...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
America Needs Your House !! The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The unde...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Do You Know Your Lancaster Home’s Value? The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Botto...

Lancaster, PA Real Estate Professionals