stagging tips: More Buyers than Homes in Lancaster , PA !
- 05/29/18 05:48 AM
Drop in Inventory Fuels Sales Slowdown in Lancaster ? Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains. Sellers - Now is clearly the time to obtain TOP DOLLAR for your property . TEXT me (717-951-9933) to receive a Pre-Listing Packet … (2 comments)
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stagging tips: Spring into Action - List Your Lancaster House Today !
- 03/23/18 01:05 PM
20 Tips for Preparing Your House for Sale This Spring Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help! Inventory is still very low ! Email mikeperrykw@gmail.com to update your Current Market Value . … (2 comments)
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stagging tips: Should I Sell My Lancaster,PA Home Now ?
- 03/02/18 08:41 AM
Latest NAR Data Shows Now Is a Great Time to Sell Your Lancaster Home ! We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house.
Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report.
REALTORS® CONFIDENCE INDEX Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) … (4 comments)
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stagging tips: Lancaster, PA Prices Continue Upward !
- 02/18/18 08:34 AM
Lancaster's Low Inventory Pushes Home Prices Higher ! According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase.
Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation,
“The number of homes for sale has remained very low. Job growth lowered the unemployment rate to 4.1 percent by year’s end, the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective homebuyers. The … (0 comments)
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stagging tips: Why Lancaster, PA Sellers are Listing this Month !
- 02/13/18 05:40 AM
The #1 Reason to Sell Now Before Spring The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Bottom Line … (3 comments)
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stagging tips: Is Now a Good Time to Sell My Lancaster,PA Property ?
- 01/29/18 08:30 AM
U.S. Housing Inventory Crunch Continues… List Your Lancaster, PA House Today! Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen … (2 comments)
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stagging tips: Why Lancaster,PA Sellers Stage Their Homes !
- 01/12/18 07:41 AM
The Impact Staging Your Home Has on Sales Price Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room. Email mikeperrykw@gmail.com to learn more about Staging your home. … (3 comments)
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stagging tips: Has My Lancaster Co, PA Home Increased in Value ?
- 12/07/17 05:01 AM
Home Prices Up 7% from Last Year According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase.
A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas where both existing and new home inventory have not kept up with buyer demand.
CoreLogic’s Chief Economist Frank Nothaft elaborated on the significance of such a large year-over-year gain,
“Single-family residential sales and prices continued to heat up in … (4 comments)
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stagging tips: Why Should I Sell My Lancaster, PA Home Now ?
- 12/07/17 04:59 AM
5 Reasons to Sell This Winter! Here are five reasons listing your home for sale this winter 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 buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now Housing inventory is still under … (2 comments)
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stagging tips: Scarcity Drives Traffic in Lancaster,PA Housing Market
- 12/07/17 04:58 AM
The #1 Reason to List Your House Today! Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price.
Historically, this made sense. However, today’s real estate market is not following the rules of the past.
The National Association of Realtors (NAR) measures buyer “foot traffic” each month. It receives data on the number of properties shown to a prospective purchaser by a Realtor® (based on … (1 comments)
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stagging tips: How Long Will it Take to Sell My Lancaster,PA Home ?
- 12/05/17 09:00 AM
Median Days on the Market Drops to 34! [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 estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less than 60 days in 44 out of 50 states, and Washington D.C. Homes typically went under contract in 34 days in October! Sellers, update your Current Market Value with a RPR Report , Email mikeperrykw@gmail.com to get … (2 comments)
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stagging tips: What's Driving Up House Prices in Lancaster Co.,PA ?
- 12/01/17 04:02 AM
The Real Reason Home Prices are Increasing There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.
However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply … (3 comments)
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stagging tips: What Improvements do Buyers Value ?Lancaster,PA
- 11/17/17 04:31 AM
Top 4 Home Renovations for Maximum ROI Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI). While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value. But please keep in mind that any improvement you make will not … (3 comments)
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stagging tips: Why Aren't People Moving as Often ?
- 11/15/17 03:10 PM
Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.
According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that a family stays in their home remained at 10 years in 2017. This mark ties the highest marks set in 2014 and 2016. Back in 1985, when data was first collected on this subject, … (0 comments)
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stagging tips: Who's Thinking of Selling in Lancaster Co. ,PA ?
- 09/09/17 03:28 AM
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 underlying fundamental issue is an overwhelming lack of supply… The supply of newly constructed homes is also sagging, adding to the supply challenges. Over the last eight years, housing demand has increased by 5.9 million, but the net new number of housing units has only increased by 3.5 million.”
Svenja Gudell, Zillow’s Chief … (4 comments)
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stagging tips: Lancaster Co.,PA Sellers Need Representation !
- 08/22/17 06:24 AM
Why Is It Important to Use 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 homes sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the first … (3 comments)
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stagging tips: 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)
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stagging tips: 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, … (2 comments)
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stagging tips: 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)
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stagging tips: How to Prepare Your Lancaster,PA House for Sale
- 08/05/17 06:03 AM
Money Making Tips for Preparing Your Lancaster House for Sale ! Some Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help! Sellers, your Agent can advise you in many of these areas . Also we have access to a number of Stagging Professionals. Email mikeperrykw@gmail.com for … (2 comments)
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