Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Be Careful Not to Get Caught in The Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
A ‘Buyer’ in Hand is Worth Two in the Bush In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing da...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Rising Home Prices Mean Great News for Lancaster Homeowners Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out l...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 0
Lancaster's Buyer Demand Outpacing the Supply of Homes for Sale The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices a...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
U.S. Housing Inventory Hits a New Low… List Your House TODAY! Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the ma...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
84% of Americans Believe Buying a Home is a Good Financial Decision According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the hous...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
 3 Questions to Ask Before You Buy Your Next Lancaster Co. Home If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happeni...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Lancaster's Inventory Drops Again, Sales Slow Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is th...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 5
Top 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 proje...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
69% of Buyers are Wrong About Down Payment Needs According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in tod...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
What You Need to Know About Qualifying for a Mortgage in Lancaster, PA 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...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Do You Know the Cost of Waiting in Lancaster ? Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this t...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Thinking of Selling? You Should Act NOW! If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of suppl...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
The Impact Your Interest Rate Makes Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lo...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
What Would You Sacrifice to Save For Your Next Lancaster County Home? Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top item that buyers sacrifice is new clothes, at 54%. Even repeat or experienced buyers say they sacrificed taking a v...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Singles Are Falling for Their Lancaster Co.Dream Home Some Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
The 5 Greatest Benefits of Homeownership Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stab...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
The High Impact of Low Interest Rates on Your Purchasing Power in Lancaster Co., PA According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The inter...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Homeowners: Your Home 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 3
Do You Know How Much Equity You Have in Your Home? An RPR Report will tell you ! CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equ...

Lancaster, PA Real Estate Professionals