Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Existing Home Sales Surge Through The Holidays [INFOGRAPHIC] Some Highlights: November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” Total...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Fed Raised Rates: What Does that Mean for Housing? You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the po...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Student Loans = Higher Credit Scores According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans. This may come as a surprise, as there is so much talk about student loans burdening...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Whether You Rent or Buy: Either Way You’re Paying a Mortgage There are some renters who have not yet purchased a home 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 -...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
2 Tips to Ensure You Get the Most Money When Selling Your House Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
The #1 Reason to Sell Now… Not Next 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 R...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC] Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest rates have fluctuated greatly with rates in t...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Why You Shouldn’t Take Your House Off the Market During the Holidays If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now! The latest Existing Home Sales Report from The National...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Building Your Family’s Wealth Over the Next 5 Years Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their e...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Home Prices: Where Will They Be in 5 Years? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Selling in the Winter Attracts Serious Buyers A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly th...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Will Increasing Mortgage Rates Impact Home Prices? There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. I...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
4 Reasons to Buy Your Dream Home This Winter As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Americans Are on The Move [INFOGRAPHIC] Some Highlights: For the 4th year in a row, the Northeast saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a row. Much of this Outbound activity can be attributed to Boomers relocating ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
When Is a Good Time to Rent? Not Now! People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter media...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
5 Reasons Why Homeownership Is a Good Financial Investment According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension, but does that m...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Getting a Home Mortgage Still Too Difficult? There is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the mortgage market is still much tighter than it was prior to the housing boom and bust experienced between ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]   Some Highlights: Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase. The median home price d...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
5 Reasons to Hire a Real Estate Professional When Buying & Selling! Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, m...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Mortgage Interest Rates Just Went Up… Should I Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage r...

Lancaster, PA Real Estate Professionals