Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Millionaire to Millennials: Don’t Rent a Home… Buy! In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Whether You Rent or Buy, 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, however, that unless you are living with your parents rent-free, you are paying a mortga...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Bidding Wars Abound… How Long Will They Continue? Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and tra...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Study Shows “Millennials Deserve More Credit” When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
2 Major Myths Holding Back Home Buyers Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above...

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

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 7
5 Reasons Lancaster Millennials Choose to Buy  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 ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
If You’re Considering Selling, ACT NOW!! Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest l...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. O...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
  ×It looks like you are using an ad blocker in your browser.This may cause challenges with your Personalized Posts, and prevent the share buttons from appearing with each post. We recommend whitelisting the KCM website or changing your settings to prevent any potential issues.   Why You Need a P...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
What Impact Will the New Tax Code Have on Home Values? Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are for...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
  ×It looks like you are using an ad blocker in your browser.This may cause challenges with your Personalized Posts, and prevent the share buttons from appearing with each post. We recommend whitelisting the KCM website or changing your settings to prevent any potential issues.   61% of First-Tim...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Wondering If You Can Buy Your First Home? There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
     ×It looks like you are using an ad blocker in your browser.This may cause challenges with your Personalized Posts, and prevent the share buttons from appearing with each post. We recommend whitelisting the KCM website or changing your settings to prevent any potential issues.   Thinking of S...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
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 sta...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
  ×It looks like you are using an ad blocker in your browser.This may cause challenges with your Personalized Posts, and prevent the share buttons from appearing with each post. We recommend whitelisting the KCM website or changing your settings to prevent any potential issues. In Lancaster Count...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
FICO® Scores on Approved Home Loans Drop Again According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most oppo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
The Impact of Tight Inventory on Lancaster's Housing Market The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
712,000 Homes in the US Regained Equity in the Past 12 Months! CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth),...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
4 Reasons to Sell This Winter Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housin...

Lancaster, PA Real Estate Professionals