Here is a blog posted by one of our agents.
http://activerain.com/blogsview/352617/REAL-ESTATE-MARKETS-ARE
She does a great job talking about how the Real Estate Markets are definitely a local thing. Nationwide, they may be down as a whole, but that is no reason to panic. Our market is doing just as well as last year. Living in a College Town (Penn State University), definitely helps to stimulate our economy. Not only are they the largest employer in Centre County (over 14,000 people), but State College is becoming a destination point! Beaver Stadium and the Bryce Jordan Center bring in people from all across Pennsylvania and beyond. Centre County is also known for its hunting and fishing! Alumni from Penn State look at our area as a great place to come back and retire. We offer the benefits of a large community without any of the negatives! We have a great quality of life and a very active retirement community. Penn State offers so much to Alumni in the area. They come back and purchase second homes or very large primary homes in the Centre region. Penn State is currently in the process of building a new Law school and State College is in the process of building a very large, new Geisinger hospital. This is going to bring in Doctors and Lawyers from all around to live in our area. We have small business' that have expanded at an amazing rate and have done an excellent job at bringing more people into our community, not only that but hiring upper management into the area.
Please check out her blog. She has several very good points in there. Feel free to comment on hers or mine about how your market compares. I am especially interested to hear on those also coming from college towns.
Thanks!
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