Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Time on the Market Drops to New Low in 2017 According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand, a good economy, and a low inventory of new an...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
The Benefits of Owning a Lancaster Home Go Beyond the Financial Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
      ×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.   How Rising P...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Top 4 REAL Reasons We Buy a Lancaster Home We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can m...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 8
Top 5 Reasons You Shouldn’t be a FSBO In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the v...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
There’s More to a Bubble Than Rising Home Prices What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and sp...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
What is the Cost of Waiting Until Next Year to Buy? We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
 Housing Prices are NOT Heading for Another Crash As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
Should Boomers Buy or Rent after Selling? In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
5 Reasons to Sell This Winter! Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. The...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The #1 Reason to List Your House Today! Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Home Prices Up 7% from Last Year According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
The Real Reason Home Prices are Increasing There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again appro...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Median Days on the Market Drops to 34! [INFOGRAPHIC] Some Highlights: The National Association of REALTORS® surveyed their members for their 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 pra...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
The Cost of NOT Owning Your Home Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, bu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
2 Charts That Show the Truth about Home Affordability There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better toda...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Low Interest Rates Have a High Impact on Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure w...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Access is an Important Factor in Getting Your House SOLD! So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
 Is it Getting Too Easy to Get a Mortgage ? There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
Lancaster,PA Home Sales Slowed by a Lack of Listings ! Some Highlights: The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply. Existing home sales are currently at an annual pace of 5.48 million, the highest pace si...

Lancaster, PA Real Estate Professionals