Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place. According to data from the National Association...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
7 Reasons to List Your Home This Holiday Season Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
5 Reasons Homeownership Makes ‘Cents’ The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similari...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
A Housing Bubble? Industry Experts Say NO! With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts wei...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Veterans Affairs Loans by the Numbers Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. So far in 2017, $188 billion has been loaned to veterans and their families through the program. VA Purchase L...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Multigenerational Households May Be the Answer to Price Increases Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now li...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Low Inventory Causes Home Prices to Maintain Fast Growth The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a stead...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The Cost of Renting vs. Buying a Home Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choi...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Buying a Lancaster, PA Home Can Be Scary... Unless You Know the Facts Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts: 40% of millennials who purchas...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
How to Save on a Mortgage Payment Whether Buying or Selling In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012,...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The #1 Reason to List Your House, NOW! The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that no...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Millennials Flock Towards Low Down Payment Programs A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An art...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Net Worth of Homeowners 44X Greater than Renters Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
No… You Do Not Need 20% Down to Buy In Lancaster,PA ! The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) 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. The results of the...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
4 Reasons to Sell This Fall in Lancaster, PA Some Highlights: Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available! Housing inventory is still under the 6-month supply that is needed for a normal housing ma...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The Mortgage Process: What You Need to Know Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you dete...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
A Tale of Two Markets: A 6-Month Update Six months ago, I reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Which Lancaster Homes Increased Most in Value???  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 5.6%. CoreLogic, in their most recent Ho...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Should I Buy a Home Now? Or Wait Until Next Year? Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLog...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
What to Look for in Your Real Estate Advocate How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you shou...

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