Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
How to Get the Most Money from the Sale of Your Lancaster Home Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possib...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
More Than Half of Lancaster Buyers Are Surprised by Closing Costs According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17%...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Why Are So Few Lancaster Homes for Sale? There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Most Lancastrians Say Now is a Good Time to Sell! Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points high...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Home Sales Expected to Increase Nicely in 2018 Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each e...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
5 Reasons to Sell This Fall Here are five reasons listing your home for sale this fall 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. These bu...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Lack of Existing Home Inventory Slows Sales Heading into Fall Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Top 5 Reasons Why Millennials Choose to Buy in Lancaster County ! 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 se...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Report: Homeownership Is a Precondition of the American Dream Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree h...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
The Cost of a Wedding vs. Down Payment Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to mont...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Looking for Your Dream Home? Know What You Want vs. What You Need In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
4 Reasons to Buy in Lancaster This Fall! Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that pr...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
How Supply and Demand Impacts Lancaster Home Values Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there h...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
America Needs Your House !! The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The unde...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Do You Know Your Lancaster Home’s Value? The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Botto...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Top 5 A+ Reasons to Hire a Lancaster REALTOR Some Highlights: Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make! A real estate professional has the experience needed to help you through the entire process. Ma...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
How Your Home’s Value Grows Your Family’s Wealth Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equi...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Number of Buyers Putting Down Less Than 10% Hits 7-Year High According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Man...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750 The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wh...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Empty Nesters: Best to Remodel or Time to Sell? Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchas...

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