first time buyers: Why Millennials Buy in Lancaster Co., PA - 09/15/17 05:46 AM
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 security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living space, at 93%. Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, … (4 comments)

first time buyers: Livin the Dream in Lancaster Co., PA !!! - 09/14/17 04:59 AM
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 homeownership is very important to achieving the American Dream.”
Americans ranked “owning a home I love” higher than any other options (including “starting a family” and “finding a fulfilling career”) as an important part of the American Dream.
Despite some claims that homeownership’s importance to the American Dream is in decline, the report found that the dream of homeownership … (3 comments)

first time buyers: Saying "I Do"to a Lancaster Co., PA Home ! - 09/13/17 04:58 AM
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 monthly housing costs makes buying a home more attainable.
Many couples are deciding to use what would otherwise be their wedding fund as a down payment on their first home, as unmarried couples made up 8% of all first-time buyers last year. If you’re single, don’t fret; you can still … (3 comments)

first time buyers: Should you buy a Lancaster Co,PA Home this Fall ? - 09/11/17 05:29 AM
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 prices will continue to increase at a rate of 5.0% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for … (3 comments)

first time buyers: Open House September 10th Lancaster County, PA - 09/10/17 08:32 AM
     This a very rare opportunity to own this much square
footage at this price point . It is ready for IMMEDIATE
POSSESSION . It could be purchased with a very low
Down Payment (zero for veterans(VA) ) .Come out and
tour this exceptional home !!!
    For your own MLS Printout , Photo Tour , Seller's Disclosure and Utilities costs , EMAIL .
1231 Hereford Drive Columbia, PA 17512
$249, 900!!!!
Open House September 10th 1 to 3 PM

Four with possible fifth bedroom. Three full baths and one half bath. 3088 Square … (5 comments)

first time buyers: Lancaster PA Homes Build Wealth for Families ! - 09/07/17 03:51 AM
How Your Home’s Value Grows Your Family’s Wealth Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Since the experts predict that home prices will increase by 5.0% this … (1 comments)

first time buyers: Do I Need a REALTOR in Lancaster Co., PA ? - 09/07/17 03:47 AM
Top 5 A+ Reasons to Hire a Lancaster REALTOR 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 process. Make sure that you hire someone who knows current market conditions & can simply and effectively explain them to you and your family! Whether you are buying or selling, your first step is to meet with a real estate professional (or two) ! Email to have the entire process further … (1 comments)

first time buyers: Do I Need 10% Down Payment to Buy in Lancaster, PA ? - 08/30/17 04:31 AM
Number of Buyers Putting Down Less Than 10% Hits 7-Year High According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high.
Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put down as low as 3% to purchase their dream homes. The strength of the housing market has aided buyers who used low-down-payment programs to buy. As a recent CNBC article points out,
“Defaults on recent … (1 comments)

first time buyers: Where are Lancaster Co., PA Home Prices Headed ? - 08/25/17 06:34 AM
Home Prices Up 6.64% 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 another state, waiting to move may end up costing you more! Alaska & West Virginia were the only states where home prices are lower than they were last year. Prices are headed upward , don't delay your home purchase ! Your first step is to obtain Mortgage Pre-Approval . Email to get started .  … (3 comments)

first time buyers: Lancaster Co., PA won't have another Housing Bubble! - 08/17/17 11:44 AM
58% of Homeowners See a Drop in Home Values Coming According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.
After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.
The two major causes of the housing crash were: A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms. … (3 comments)

first time buyers: A Lancaster Co.,PA Home will increase your Net Worth ! - 08/14/17 04:51 AM
Homeowner’s Net Worth Is Still Greater Than a Renter’s Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). 
The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)! 
Put Your Housing Cost to … (4 comments)

first time buyers: Is PA an Affordable Place to Live ? - 08/12/17 02:49 AM
What State Gives You the Most ‘Bang for Your Buck’ ? Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100. For more information regarding the methodology used to create the map, visit the Tax Foundation. Buyers,  your first step is obtaining Mortgage Pre-Approval ! Email  to get … (4 comments)

first time buyers: Are Lancaster , PA Millennials Selling their Houses ? - 08/10/17 04:37 AM
Hey, Millennial Homeowners!! It May Be Time to Sell Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise.
Many Millennials took advantage of post housing crash prices and the First-Time Homebuyers’ Tax Credit and jumped into homeownership in 2010. If you are one of these buyers, now may be the time to sell for many reasons. Here are a few:
1. Equity … (2 comments)

first time buyers: Villas at Georgetown - 2 Jasper Lane ,Christiana,PA - 08/08/17 10:26 AM

Nearly new cape carriage house located in Southeastern Lancaster Co., PA
First Floor Master suite , Formal Dinning Room ,Large Great Room ,
3Bdrms.,2.5 Baths , 2nd floor storage room , 2 car garage ! LOW TAXES !!!
Very conveient to RT 1 & RT 30 and to all of Chester Co. Less than 1 hour to
King of Prussia . 25 minutes to Lancaster City . ML# 267754 priced at $233,900
Call Mike Perry for your personal tour .Email for a complete MLS printout and all Seller Docs.

first time buyers: Villas at Georgetown - Two Great Homes Available ! - 08/08/17 10:22 AM

Both homes have 1rst floor Master Bedroom Suites .
The Villas have a country setting but are convenient to both
RT 1 & RT30 !
Both homes have 3Bdrms and 2.5 baths.
The Villas are located in SE Lancaster Co. and enjoy very low
real estate taxes ! (located off RT 896 N ).
The Villas are eligible for 100% USDA Financing !!!'
Contact Mike Perry 717-951-9933 to schedule your tour . 

first time buyers: Villas at Georgetown - 13 Regency Drive , Christiana,PA - 08/08/17 10:16 AM

3Bedroom, 2.5 baths 2 story in the Villas at Georgetown .
Dinning Room, Large Great Room and very useful 2nd floor
loft . Peaceful back yard patio viewing tree lined area . 2nd
floor storage area and attached garage . Very low real estate
taxes ! ML# 268004  Priced at $229,900
Located in Southeastern Lancaster Co. , the Villas are
convenient to RT1 ,RT30 and all of Chester Co.. 40 minutes
to Great Valley and less than 1 hour to King of Prussia .
Call Mike Perry for a complete MLS printout and all Seller
Docs . Email to arrange your
private tour ! … (3 comments)

first time buyers: Lancaster Co., PA Homes help Build Net Worth ! - 08/08/17 04:58 AM
93.9% Of Homes in The US Have Positive Equity CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.
The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016 The average homeowner gained about $14,000 in equity between Q1 2016 and Q1 2017 Only 1.6% of residential properties are near-negative equity Below is a map showing the percentage of homes with a mortgage, in each state, … (0 comments)

first time buyers: Are Lancaster, PA Home Owners Moving More Often ? - 08/07/17 04:43 AM
How Long Do Most Families Stay in Their Home? The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

Why the dramatic increase? The reasons for this change are plentiful!
The fall in home prices … (2 comments)

first time buyers: Millennials are Buying in Lancaster Co.,PA ! - 08/05/17 06:01 AM
Millennial Homeownership Rate Increases Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to have the highest increase of any age group.
This came as a surprise to some considering Millennials have come to be known as the “renter” generation. However, a new study by First American, 6 Trends Poised to Reshape Homeownership Demand, revealed reasons … (2 comments)

first time buyers: Attention Lancaster , PA Renters - 08/05/17 05:57 AM
Be Careful Not to 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  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating:
“The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.”
Additionally, in the Joint Center for Housing Studies at Harvard University’s 2017 State of the Nation’s Housing Report, it … (2 comments)

Michael J. Perry, Lancaster, PA   Relo Specialist (KW Elite ) Rainmaker large

Michael J. Perry

Lancaster, PA Relo Specialist

Lancaster, PA

More about me…

KW Elite

Address: 1280 Plaza Blvd., Lancaster, PA, 17601

Office: (717) 735-1145

Mobile: (717) 951-9933

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