Real Estate Information Archive


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Home Sale Prices in Central Pennsylvania September 2010

by Don Roth

Home Sale Prices in Central Pennsylvania September 2010

The Greater Harrisburg area real estate market continues to be somewhat of a contraction. The sales number for September 2010 are down 35% compared to September 2009, but the average sales price has increased during the same time frame. So what does that mean to the current buyers and seller of real estate? First, there is plenty of concern about the economy and the impact on personal finances, job security and the values of homes. Second, valuations on many homes are down from the peak of the market but when compared to many areas, this geographic area has held its own and when you are reading about the real estate market many reports give a national versus a local perspective. Third, we will probably never see the year to year appreciation that we experienced, but this region has been relatively stable over the last thirty years and we will begin to see some appreciation, not great, within the next twelve months. So if you are looking to buy or sell, remember valuation is primary and when looking to purchase a home today’s mortgage interest rates, I was quoted 4.125% last Thursday for a thirty year mortgage, are at historic lows. So even if you are not in the market to purchase a home, you may want to seriously consider refinancing your current mortgage and saving some money.

One last important piece of information. If you find yourself in a position of being behind on your mortgage, please click on the following link which provides numerous sources of assistance Mortgage Financing Options That May Save Your Home. And if you need any additional information please contact me at


Average Sales Price
West Shore
School District
September 2009
September 2010
Days on Market
Camp Hill
Cumberland Valley
West Shore
East Pennsboro
East Shore
Central Dauphin
Derry Township
$ 76,451
$ 58,591
Lower Dauphin
Steel High
$ 70,756
$ 74,983


Again, if there is any real estate information you need, please contact me at your convenience.

Mortgage Financing Options That May Save your Home

by Don Roth

In the challenging economic times that we face, there are many homeowners that need information to assist them in exploring options on financing and hopefully find a vehicle to allow them to continue home ownership in the future. The accompanying list of sites are very good sources that provide detailed information to allow homeowners to make intelligent decisions. If there is additional information that you require, please contact me at your convenience. And please be sure to share this with anyone that may need to review their financing options.

Making Home Affordable Program The Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure.

U.S. Department of Housing and Urban Development (HUD) The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes. HUD has also developed guidelines for helping to avoid foreclosure, as well as a list of HUD-approved housing counseling agencies for those already struggling to save their home.

Pennsylvania Housing Finance Agency (PHFA) PHFA has established the Foreclosure Mitigation Counseling Initiative to help interested homeowners to save their homes. Twenty-eight counseling agencies in the PHFA Comprehensive Housing Counseling network are participating in this program.

Home Affordable Foreclosure Alternatives (HAFA) The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures.

Project HOPE NOW HOPE NOW is an alliance between HUD-approved counseling agents, mortgage companies, investors and other mortgage market participants that provides free foreclosure prevention assistance.

Also below are the contact numbers for the loss mitigation department for a few of the major lenders:

Ameriquest:  800-221-6926

Bank of America:  716-635-2982

Chase Manhattan Mortgage Corp:  800-446-8939 x 3553

CitiMortgage:  636-256-5088

Countrywide:  888-435-3102

GMAC:  800-850-4622

US Bank:  888-780-3997

Wells Fargo:  866-261-5642

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