Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
Careful…Don’t 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  Jonathan Smoke, Chief Economist at realtor.com, r...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Importance of Using 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 ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Why Millennials Choose to Buy Early in Life 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 ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The 'REAL' News about Housing Affordability Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Buying this Spring? Be Prepared for Bidding Wars Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different! Buyers have already been out in force looking fo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
15,014 Homes Sold Yesterday… Did Yours? There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly. After all, 15...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Again… You Do Not Need 20% Down to Buy NOW! A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The surve...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Home Prices Up 6.15% 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 ano...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Consumer Confidence in Economy & Housing is Soaring The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject. HousingWire:...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Looking to Move-Up to a Luxury Home? Now’s the Time! If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in cont...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Millionaire to Millennials: Buy Now! Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.” Bach went on to explain: "If millennials don't bu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Renting or Buying… Either Way You’re Paying a Mortgage There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either your...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
The Foreclosure Crisis: 10 Years Later CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
How Low Supply & High Demand Impacts the Real Estate Market Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has n...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
What Are the Experts Saying about Mortgage Rates? Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying: Laurie Goodman, Co-direct...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
It's a Seller's Market! Should I Downsize Now? A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the coun...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
4 Great Reasons to Buy This Spring! 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 6.9% over the last 12 months. The same report predicts that prices w...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
Don’t Let Your Luck Run Out ! 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, wh...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Which Homes Have Appreciated the Most? Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price In...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower th...

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