Lancaster County Blogger

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Real Estate Agent - KW Elite
West Lampeter resident and Lancaster County Realtor.

ARCHIVED BLOG POSTS

2016 

74% of Households in the US Now Have Significant Equity! CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 househol...
06/20/2016
Thinking of Selling? 5 Reasons You Shouldn’t FSBO In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home 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 id...
06/20/2016
     Whenever you are evaluating a Market , you are always looking for the optimum moment to interact with it . That moment has arrived if you are a Seller in Lancaster County , PA . Inventory is low with an Absorption Rate of below 5 months . Prices are rising toward their high water point of la...
06/18/2016
       We just spent the last two Weekends in Ocean City , NJ  . The weather was blue skys and the beaches were not crowded ! It's one of our favorite times to be in OC ! Interesting enough a Shift has occured in Lancaster Co., PA as it recently voted Ocean City , NJ as it's favorite beach to vac...
06/17/2016
Single Women Make Up 2nd Largest Home Buying Group According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers. Whether they are yo...
06/17/2016
Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC] Some Highlights: According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007. April marked the 54th consecutive month of year-over-year ...
06/16/2016
Residential/Farm Market SummaryResidential/Farm, May 2016   Scroll Down  to View      Scroll Down   Scroll down Scroll down Scroll down !   Scroll Down   Summary Statistics   May-16 May-15 % Chg 2016 YTD 2015 YTD % Chg Absorption Rate 4.88 6.61 -26.17 4.89 6.42 -23.83 Average List Price $272,645...
06/16/2016
What’s Happening in the Real Estate Market? This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Jou...
06/16/2016
Here Comes the Housing Inventory!! Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simpl...
06/14/2016
Harvard: 5 Reasons Why Owning A Home Makes Sense Financially We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities. Eric Belsky is the Managing Director of the Joint C...
06/14/2016
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Michael J. Perry

Lancaster, PA Relo Specialist
local_phone(717) 735-1145
smartphone(717) 951-9933
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