Real Estate Information Archive

Housing has been subdued the past couple weeks and will likely remain subdued through the remainder of the year. The good news is what's been reported on housing has been mostly positive.

The trend continues this week. The Mortgage Bankers Association reports that purchase applications continue to trend higher, rising 1.0% in the December 7 week. This marks the fifth-consecutive volume increase and is a positive indicator for home sales as we head into the new year.

News on the mortgage market has picked up where housing has left off. Federal Reserve Chairman Ben Bernanke announced on Wednesday that the Fed will not only continue purchasing $40 billion in mortgage-backed securities (MBSs) each month, it will also purchase an additional $45 billion in long-term U.S. Treasury securities. Both securities will be pay for with newly minted money.

The Fed's goal is to lower already low mortgage lending rates. The theory is that even lower lending rates will accelerate the housing recovery, thus accelerating the economic recovery. An accelerating economic recovery, in turn, will spur additional job growth. For this reason, the Fed said it will continue to keep interest rates low until the unemployment rate drops to 6.5%. (The unemployment rate is currently 7.7%.)

The Fed's strategy, which creates higher demand for MBSs and U.S. Treasury securities, helps hold mortgage lending rates low. The relationship is inverse: when demand rises for these securities, their price rises and their yield falls.

The graph below illustrates the relationship between a $1,000 10-year note with an initial coupon payment of 6%, which means the note pays $60 in interest annually. When the market rate falls after the note is issued, the note's price rises. A higher price produces a yield that calibrates the lower market rate of interest with the coupon rate.

Mortgage lending rates are tethered to yields on MBSs, which are tethered to U.S. Treasury security yields. In short, by purchasing both Treasury securities and MBSs, the Fed helps keep mortgage lending rates low.

That said, a strange thing happened after the Fed announced it wanted to lower mortgage lending rates even further: The yield on the 10-year Treasury note actually increased (and has been increasing since last week). The 10-year note is a benchmark for the 30-year fixed-rate mortgage.

So what's going on?

The Fed isn't the only player in the mortgage market; the Fed isn't omnipotent. Outside market forces are also an important variable. The risk of price inflation rises with the Fed pumping more money into the financial system. In fact, the Fed itself raised its annual price-inflation target to 2.5% from 2.0%. If price inflation rises, mortgage lending rates will be pressured to follow.

The point we want to emphasis is not to take for granted that mortgage lending rates will fall meaningfully lower. The Fed is implementing a strategy, not offering a guarantee.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

More than a few housing-market observers are concerned the fiscal cliff – the impending array of tax increases and spending cuts due January 1 – could derail the housing recovery. These concerns aren't unfounded.

If nothing is done between now and the end of the year, income tax rates will rise, and not just for the rich. The lowest marginal income tax rate, at 10%, will increase 50%, to 15%. Everyone in every tax bracket will have fewer dollars to spend and invest. Tightened personal budgets could force many marginal home buyers out of the market.

The greater concern, at least from an immediate perspective, is the expiration of the Mortgage Debt Relief Act of 2007. The act allows borrowers to exclude certain canceled debt on their principal residence as income. If the act isn't extended, many short sellers could be hit with a big tax bill for forgiven debt. This would be a serious impediment to the short-sale market, which has contributed mightily to the housing recovery.

The good news is that it appears likely the Mortgage Debt Relief Act will be extended. The bad news is that we continue to barrel toward the fiscal cliff, with no resolution in sight. The remaining weeks heading into January will be interesting, to say the least, and could be very impacting on the housing and mortgage markets.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

New-home sales inspired some recent consternation after it was reported that both volume and prices declined in October. A few commentators opined that one month could turn into two, and possibly more.

Color us skeptical; new-home sales remain far below their historical pace, while pricing remains robust in many local markets. And when looking at the aggregate national trend, pricing for both new and existing homes is decidedly up.

On pricing, CoreLogic's latest data show prices, which include distressed properties, rose 6.3% year over year in October. This marks the largest increase since June 2006 and the eighth-consecutive year-over-year increase in 2012.

Arizona was the standout market in CoreLogic's data, with prices rising 21.3% year over year. But guess which market is catching up? Nevada, where prices are up 12.4%. When prices were continually dropping in Nevada ( Las Vegas, in particular), we continually mentioned that it was a matter of time before they would reach a point where markets would clear and prices would rise.

When Las Vegas finally showed signs of recovery, we also posited that the real estate recovery would likely have become a country-wide phenomenon. This appears the case today.

The housing market is trending positively, to state the obvious, and it would likely trend even better if we could get more financing to more buyers. Mortgage purchase applications have been trending higher in recent weeks, but they still have a lot of room for improvement.

Unfortunately, we are still mired in a risk-averse lending market. That said, we are seeing a pick up in private participation. In the private-label residential mortgage-backed security (RMBS) market, issuance is up to $6 billion this year. That's not much, but it's more than double the $2.8 billion issued last year. Looking to next year, the market is expected to expand to $15 billion.

Discussing RMBSs might seem like delving into the arcane, but RMBSs matter because they're an indicator of private investor interest in the mortgage market. We've stated many times that more participation in mortgage lending is better than less participation.

But more participation means mortgages could get more expensive. In order to contract Fannie Mae's and Freddie Mac's presence in the mortgage market, as well as encourage the return of private capital investment, the FHFA aims to increase G-fees by 30 to 50 basis points to match recent private-label execution.

In short, we don't see mortgage financing becoming meaningfully cheaper, even though rates have eased a few basis points each week for the past month. In fact, mortgages could become more expensive in 2013.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Here are some homes that you could purchase in the Harrisburg PA real estate market with a principal and interest payment of $800 per month. These are some examples of homes that presently for sale on the East Shore of Harrisburg. Naturally, taxes and insurance must be added to the $800, but in any case I would anticipate that a total monthly obligation would be approximately $1050 per month.

Remember this is your home and you are not paying a mortgage payment for someone else. The calculation I used actually would cover a purchase price of $179,156 and the interest rate for this example is 3.5% fixed for 30 years. If you are interested in any of these or any other home you see please contact me at Don@DonRoth.com.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

When people contemplate what went wrong in the housing bubble, they frequently point to lending: subprime loans, interest-only loans, negative amortization loans, and securitization were the helium that inflated the bubble.

That's not really true, nor fair. These products have been around for years and had served the borrowing public well. The problem was really the misguided belief that an asset – housing in this case – can only rise.

The chief problem today, and a primary impediment to the housing recovery, is excessive regulation, which is limiting choice. A recent report from FBR Capital Markets points to a regulatory environment that is “plain vanilla” in that it favors the 30-year fixed-rate loan above all others.

Now, there is nothing wrong with the standard fixed-rate mortgage products, but other mortgage products have their place. Indeed, you could argue that taking an interest-only loan to purchase a Phoenix-based home late in 2011 was a savvy business move; the buyer would have tied up little of his own capital to purchase a bargain-basement asset that has since appreciated strongly.

Many regulators and even more mortgage-industry participants have called for the need for more private mortgage investors to enter the market. For that to occur, though, these investors need the freedom to offer products that will satisfy a wider swath of borrowers needs, while also enabling them to earn a profit.

We think 2013 will become the year of diversity: that is, a more diverse, heterogeneous mortgage lending market with more private investors. We say that because economic growth impacts regulation, and we see economic growth in 2013. Generally, the higher the growth, the more accommodating the regulators.

We look forward to a strong 2013, and a stronger, more flexible mortgage lending market.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

The news was disappointing, but not terribly so. We are referring to the dip in new-homes sales for October.

The Commerce Department reports sales came in at an annual rate of 368,000 units last month, which was 17,000 shy of the consensus estimate for 385,000 units. Pricing was also a minor disappointment. The median price for a new home dipped 4.2% to $237,000. This marked the second-consecutive month of price weakness.

Disappointing, yes, but hardly a cause for concern. Year over year, new-home prices are up 5.7%. Given the scant supply of homes, we don't see a backsliding trend developing. The number of new homes for sale is still only 147,000, representing a 4.8-month supply at the current sales pace.

The longer-term perspective is another reason to remain optimistic. New-home sales have averaged 361,000 per month on an annual-rate basis through October. In other words, sales are on pace to increase 18% this year.

What's more, we have plenty of room left to run. Even with the double-digit sales increase, 2012 will be the third-lowest sales year since the Census Bureau began tracking new home sales in 1963. It's also worth remembering that this year's average sales rate is still below the 375,000 average rate of sales in 2009.

Most estimates we've seen (which are likely conservative) expect new-home sales to double within the next couple years. This would put the annual sales pace closer to historical norms, which is around 1 million sales on an annualized rate.

Though new-homes sales disappointed in October, the trend in overall pricing – new and existing homes – remains strong. Most private data providers show prices increasing in more markets. This past week, Case-Shiller's home price index showed prices rose 0.4% in the 20 cities it follows. This was the sixth-constrictive month of price gains, with gains sweeping across all 20 cities.

The trend in purchase applications is also encouraging. Rising applications point to rising home sales. Rates continue to make new historical lows (albeit by a couple basis points) each week. Low rates contribute to a high-affordability index.

Low mortgage lending rates are an important variable in the home-purchase equation, but they are not the overriding variable. The above chart shows brisk sales even with lending rates 300 basis points higher than they are today.

In other words, low lending rates have done about all they can do to stimulate sales. At this point, the key variables for a sustained housing recovery are economic growth and more credit-worthy borrowers having access to credit.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Last week, we wrote that housing would be the economic driver that lifts us from the morass that has plagued the economy for much of 2012. This week's slate of housing data buttresses our argument.

We'll start with existing-home sales. The data show sales rose 2.1%, to a 4.79-million annual rate, in October. Prices continue to trend higher, with the median price of an existing-home posting at $178,600, an 11% increase over the year-ago median price. The average price, meanwhile, was up 9.9% year over year to $226,300.

Supply was a minor irritant in the data. Existing-home sales likely would have been higher if there had been more homes to sell. Inventory dropped to a 5.4-month supply in October, the lowest level in 6-1/2 years. The number of existing homes on the market, at 2.14 million, is the lowest in 10 years.

Existing-home sales contribute to economic growth, just not as much as new-home sales. Before a new home is sold, it must be built. Construction activity has far-reaching implications. Construction requires new material, new employment, and new financing. Many more businesses are impacted by the sale of a new home than an existing home.

For these reasons, new-home activity is a key component in economic activity.

The good news is that home builders are maintaining a busy construction schedule these days. New home starts were up again in October, rising 3.6% to an annual pace of 894,000 units. The pace in starts is up to a level unseen in over four years.

Given the strong, persistent trend in starts, we weren't surprised to see home-builder sentiment rise yet again. The latest survey of home builders show sentiment is approaching a seven-year high at 46 (50 is the point were optimists and pessimists are split). We expect sentiment, along with new home sales and starts, to trend higher through December and into 2013.

We remain bullish on sales because the housing recovery continues to expand to more markets. Zillow’s October Real Estate Market Reports show that 228 (62%) of the 366 markets it follows saw annual home-value appreciation in October. Among the top 30 metropolitan regions, 29 experienced monthly home-value appreciation.

Financing also continues to trend positively. The Mortgage Bankers Association reports its purchase index was up 3% for the November 6 week. Though applications are volatile week to week, they remain in an up trend dating back to April.

We've mentioned many times that leveraging an appreciating asset is a smart financial move. Borrowing to pay part of the purchase price means realizing a higher return on investment, because borrowing (leverage) requires less equity commitment.

Low lending rates also goose investment returns. Mortgage lending rates continue to hover near all-time lows, and we don't see that changing in the immediate future. Keep in mind, though, should housing ignite economic growth, lending rates will be hard pressed to maintain today's all-time lows.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Home prices continue to point to a sustained and expanding housing recovery.

On that front, the National Association of Realtors reports that prices for single-family homes rose in 81% of U.S. cities. What's more, prices are not only rising, they are rising at a higher rate. NAR's data show the national median price for an existing single-family home rose to $186,100 in the third quarter, a 7.6% increase over the third quarter of 2011.

We've pointed out in the recent past that the good news on pricing isn't emanating from only a few sources; it's emanating from nearly all sources.

The NAR's good news on home prices is supported by CoreLogic and Trulia. CoreLogic's data show that home prices rose 5% year over year in September, posting the biggest increase since July 2006. Trulia's data show that home prices rose 2.9% year over year and 0.7% month over month in October.

This up trend in home prices is a strong selling point to clients, as is the prospect of a diminishing inventory of value-priced properties.

This time last year, we reasoned that homes were priced to produce outstanding long-term appreciation. That's turning out to be the case, but it may not be the case for long. Many homes are still priced to produce superior price appreciation, but there are certainly fewer of these homes on the market today compared to last year.

The reduction in distressed prices and value-priced inventory is attributable to the shrinking supply of distressed properties. The inventory of REO properties owned by Fannie Mae, Freddie Mac, and the FHA continues to decline, and will likely continue to do so in 2013.

An important, but frequently overlooked, demographic trend leads us to believe there will be no backsliding on rising prices and reduced value-priced inventory.

Census Bureau data show new households are being formed at the fastest rate in more than six years. T he United States added 1.15 million households in the 12 months that ended in September. That's a significant increase over the past four years, when an average of 650,000 households were formed annually.

Rising household formation means consumer confidence is also rising, as is confidence in the economy and job prospects. These factors translate to rising home demand and continually rising home prices.

Mortgage rates, on the other hand, continue to buck the trend; they're not rising. Though not moving materially lower in recent weeks, mortgage rates still don't show any inclination to move higher. Given the election results and slowing economic growth in Europe, we don't expect them to move materially higher, for at least the remainder of the year.

The four-year extension of the Obama administration means an extension of Ben Bernanke's reign as Federal Reserve chairman, and an extension of his low-interest rate policies. Across the Atlantic, slowing economic growth in Europe means more money will flow into haven investments like U.S. Treasury notes and bonds and agency securities, such as mortgage-backed securities.

Money flows from the Federal Reserve and private European investors into U.S. government securities ensure mortgage rates will remain low, at least for the near term.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

Hurricane Sandy swept through 12 U.S. states this past week, causing wide-spread flooding and an estimated $10 billion to $20 billion in potential losses, according to research firm Capital Economics. That means a lot of money will be earmarked toward home repairs and new-home construction. Some commentators have viewed this as a silver lining.

To be sure, more money spent on housing will help the housing sector, but there is an unseen and a frequently neglected opportunity cost: Money spent on housing is money that could have been spent elsewhere. A natural disaster means money must be spent to replace what already existed; that's money that could have been spent on other goods or services or investments.

This lost opportunity to spend elsewhere is what the 19 th century French economist Frederic Bastiat referred to as “the unseen.” Yes, we can see more money being spent on housing, but we can't see where it would have been spent had there been no hurricane.

In other words, Hurricane Sandy will provide a boost to housing, which is our gain, but that doesn't translate into a boost to the overall economy because of the lost opportunity to spend elsewhere.

The point we want to emphasis is that it's always worth considering Bastiat's the unseen. The seen in housing is improving sales and pricing, but the unseen is what the housing recovery could be if it were unhampered by the exclusion of unfunded qualified borrowers. This unseen is our loss.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.

“Dog bites man” has been a leading theme as we head toward 2013. By that, we mean we continually report on improving home prices; to the point where home prices are almost no longer longer news.

We say “almost,” because after years of reporting on falling prices, we still have a ways to go on the upside to balance the scales.

The latest price data from S&P/Case-Shiller added more weight to the rising-price side. Case-Shiller's data show home prices edged up 0.9% month-over-month in August for 19 of the 20 cities it follows. Case-Shiller's data continue to affirm the positive price-trend data issued by other popular pricing providers, such as Zillow, Fiserv, and CoreLogic.

Speaking of CoreLogic, its latest data release shows continued improvement in distressed properties. CoreLogic reports that completed foreclosures posted at 57,000 in September, down from 83,000 a year earlier and slightly lower than the 59,000 foreclosures reported in August. Improved pricing and greater demand, which have enabled more short sales, are allowing more underwater borrowers to escape their obligation without foreclosure.

The downward trend in foreclosures, along with a gradual clearing of the shadow inventory and rising home price, leave little doubt that we are in the midst of wide-spread housing recovery.

Of course, ulta-low mortgage lending rates have aided the recovery in no small measure. Rates today continue to hold their lows (though they haven't been setting new lows lately).

Today, the concern, if not the lament, among housing-market participants is credit availability. Last week, we reported on the Mortgage Bankers Association lament that too many qualified borrowers are not getting their loan. Overly strict lending standards, in short, are retarding the speed of the housing recovery.

Most of us know that credit availability is a chief concern among first-time home buyers, many of whom lack strong credit scores or large down payments. This segment usually constitutes 45% of the overall home-buying market, but today it's down to 32%, according to the National Association of Realtors.

There is still too much uncertainty in the market for lenders to venture farther out on the risk curve. Impending new regulations have lenders understandably nervous. The new regulations will determine risk held by lenders, as well as down payment required for borrowers.

To be sure, we need to balance regulation with access to credit, but that's a fine balancing act. What's more, it's not a constant act. The system must be sufficiently flexible to meet market demand.

The good news is that the purse strings show signs of loosening. A recent survey by the Federal Reserve shows that banks, on net, are reporting easing lending standards. (The survey encompasses all forms of credit, not just mortgage.)

We think we will see a less restrictive mortgage market in 2013. Economic growth and job creation are expected to improve next year. An improving economy leads to more liberal lending policies and more accommodating regulation.

Courtesy of Jessica Regan.

Search all Harrisburg PA homes for sale.

When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.