Looks like things are starting to stabilize here in York County after nearly four years of depreciation in the housing market locally. Looks like on average a 12% drop in prices have hit is this year. The silver lining in this cloud isthat prices have come down enough the the locally employed population can now afford to buy a home, especially with interest rates as low as 4%. For years as people from Maryland migrated here along with the higher wages they earned in Maryland they continued to push up the prices of homes. That trend has all but come to a halt. Maryland buyers use to make up nearly 80% of purchasers back in the pre-bubble days. It appears they are now around 12%.
Now is the time as a buyer to have a broad choice of homes to choose from at very reasonable prices and low mortgage payments. Lenders are loaning out money with as little as no money down with a USDA mortgage, or 3.5% total down paymentfor a FHA mortgage with help coming form the home seller in the form of a cash contribution. There are plenty of programs out there to choose from.
I expect 2012 to provide us with home price stabilization and even possible a slight tick up on prices. If you have been on the fence about buying a home now is the time to jump into the market.
Call the Pilgrim Team of Professional Realty Associates will we will help you to either buy or sell a home in a stress free way.
Showing posts with label LancasterPA New Homes. Show all posts
Showing posts with label LancasterPA New Homes. Show all posts
Friday, December 02, 2011
Monday, January 11, 2010
Stone Mill Estates Manheim Twp
Come visit Stone Mill Estates in Manheim Twp Lancaster County PA. Located in a very desirable location in Manheim Twp School District with new home prices starting at $249,900! 15 different floor plans to choose from and some customizing is available upon request.
The new Manheim Twp park is adjoing the community. Only a total of 46 homesites are to be built. There are proctective covenants and restrictions. There is NOT a Homeowners Association so there is not a fee.
The response has been overwhelming so don't delay visiting us or contacting The Pilgrim Team at Professional Realty Associates.
The new Manheim Twp park is adjoing the community. Only a total of 46 homesites are to be built. There are proctective covenants and restrictions. There is NOT a Homeowners Association so there is not a fee.
The response has been overwhelming so don't delay visiting us or contacting The Pilgrim Team at Professional Realty Associates.
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