Explore Lancaster, PA

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...

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 2
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 1
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...

Lancaster, PA Real Estate Professionals