Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Why Working with a Local Real Estate Professional Makes All the Difference If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Inventory Challenges Continue! Some Highlights: After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $2...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Do You Know the Cost of Waiting? Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year,...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Financial Planning: 4 Reasons to Buy a House Today Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Buying a Home? Do You Know the Lingo? Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. Freddie Mac has compiled a more exha...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Get All the Facts about PMI When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too mu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Is the Current Pace of Home Sales Maintainable? There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Homes are Selling Fast Across the Country ! Some Highlights: The National Association of REALTORS® surveyed their members for their monthly 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 prac...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Your Tax Return: Bring it Home This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question - “What do you plan on doing with yo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Real Estate Mogul: Here’s Why You Should Buy Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house? Conlon responded: “I am a true believer that you save every penny and you buy your first house… and that is ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
3 Charts That Shout, ‘List Your Home Today!’ In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
How Fast Can You Save for a Down Payment? Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Slaying Home Buying Myths ! Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. Buyers , your first step is obtaining Mortgage Pre-Approval  !     ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Measuring Your Ability to Achieve the American Dream Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different econo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
US Housing Market Continues the Move into ‘Buy Territory’! According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Thinking of Selling? Now Is the Time to Act If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Is Your First Home Within Your Grasp? Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 y...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Home Mortgages: Rates Up, Requirements Easing The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgag...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Millennials Flock to Low Down Payment Programs A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down paym...

Lancaster, PA Real Estate Professionals