Explore Lancaster, PA

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 1
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 1
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 1
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 1
 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...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Homeowners: Your House Must Be Sold TWICE 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 5%+ over the next twelve months. One major challenge in such a market...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Mortgage Interest Rates Are Going Up… Should I Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
      As I look at the Market I live in , West Lampeter Twp.(Lancaster Co., PA) ,I can see a trend . Properties that are staged to sell and priced below $250,000are selling in days ! Homes listed  for sale between $250,000 -$375,000 are going Under Agreement(UA) in 45-70 days . In both of these t...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Top 4 Home Renovations for Maximum ROI Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI). While big p...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Your Friends Are Crazy Wrong If They're Telling You Not to Buy The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) mak...

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