Real Estate Information Archive

Not all rooms are created equal when it comes to lightning. Some spots may only get two minutes of good natural lightning a day, and if that same room doesn’t have any overhead lighting, it can feel like a cave where a Gollum would feel at home.

Don’t fret. You can solve this problem by layering your lights!

“Layering” a room’s lighting basically means setting up three main types of illumination:

1. General

Also known as ambient lighting, this would be overhead lighting for most rooms. In this case, opt for large floor lamps. An especially good replacement for overhead lights are floor lamps that are arced like this one from West Elm.

2. Task

This type of lighting is designed for a specific purpose, such as desk and reading lamps.Note: This can include table lamps, too.

3. Accent

This low-level lighting can range from scone lighting on the walls to candles, and essentially means the tiny details of light that can help create warmth. A single accent light doesn’t do much, but as a whole team spread across the room, accent lights are the difference between cold Gollum cave and luminescent warmth.

Information provided by BrightNest.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.

WHY DO THIS?

If your home comes with kids, pets or an eco-friendly attitude, the chemicals that come with store-bought cleaning products may make you a little nervous. Good news: by DIYing your household cleaning products, you can break free from those chemical bonds, save money and keep your house squeaky clean! Here are three super-simple, eco-friendly recipes to get you started.

HOW TO:

1. Dish Soap. This is a particularly useful cleaner to make if you have kids – the leading cause of poisonings in the home for children under the age of six is liquid dish soap! All you need is some castile soap (this is any soap made entirely from vegetable oil), mint tea and a few other simple ingredients. For detailed instructions, read: Make Your Own Non-Toxic Dish Soap.

2. Oven cleaner. Wet all surfaces of your oven with a sponge or cloth. Then mix ¾ cup baking soda, ¼ cup salt and ¼ cup water together so they form a paste. Spread throughout the interior of your oven, but avoid vent openings. Let the paste sit overnight, scrape off in the morning and remove all remnants with a wet sponge or cloth.

3. Laundry detergent. This one is nice and simple. Use a cheese grater to grate a bar of laundry soap into a bowl. Add some borax and baking soda, and mix together. Use one tablespoon of the mixture for each load of laundry, and keep the rest in an easy-to-access jar.

Information provided by BrightNest.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.

Times change, and they frequently change quicker than we think. Black Knight Financial Services drove this point home earlier this week.

We refer specifically to Black Knight and its Mortgage Monitor report. The report shows how dramatically the negative-equity situation has improved in the past five years. As recently as 2011, more than 28% of all borrowers with a mortgage were in negative equity. Today, that percentage is down to 5.6%. This is close to the percentage that prevailed in late 2006.

Black Knight goes on to say, “The first quarter also saw tappable equity grow by $260 billion – a 6% increase in just the first three months of the year. There are now 38 million borrowers who have at least 20% equity in their homes, with an average of $116,000 in tappable equity per borrower.”

This is all good news, of course. It points to a very fluid housing market; one able to maintain stable sales volume and reasonable price appreciation.

Again, times change. We harken back to the post-2008 dark days, when housing prices were trending in one direction – down – with no end in sight.  We kept a positive attitude because we knew the market would eventually clear. Markets always do. A bottom is hit and then the trend reverses.

The moral here is don’t despair during the down times, but don’t take the up times for granted either.

Information provided by 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.

Rates Rise on Strong Employment Numbers

Perhaps we shouldn’t have asked how low rates could go last week. When such a question comes to mind, the answer is usually self-evident. In this case, mortgage rates were unlikely to go lower; they were likely to go higher instead.

We thought they could go higher. The imbroglio over the Brexit vote was already dying down. It wouldn’t take much positive economic news to get things moving, and that includes interest rates.

We received a positive piece of economic news last Friday. The employment numbers for June came in much stronger than anyone expected. Payrolls were up a whopping 287,000 for the month. This was a welcomed turnaround compared to the dismal 38,000 payroll increase in May. Somewhat paradoxically, the unemployment rate also rose, by two-tenths of a percent to 4.9%. This is actually good news. It reflects an increase in labor participation and a decrease in the number of discouraged workers.

Interest rates were given an additional boost when officials at the Bank of England surprised financial markets by holding off cutting interest rates. Analysts expected the BoE to cut rates because of uncertainty and an expected economic slowdown as a result of the Brexit vote. BoE officials said that they would give it another month to assess Brexit’s economic impact.

Financial markets were receptive to the BoE’s actions and outlook. It’s becoming clearer that the Brexit vote will be less damaging to the U.K. economy than initially predicted, hence the delay in cutting interest rates. At the same time, BoE officials said that monetary policy will remain accommodating to financial markets.

Good news generally manifests in higher interest rates. Good news motivates investors to sell haven investments, like U.S. Treasury securities and precious metals, and buy riskier investments, like stocks.  Over the past week, the yield on the 10-year U.S. Treasury note has risen 15 basis points. Stocks are again trading near an all-time high.

Mortgage rates, most notably those on the 30-year fixed-rate loan, also moved decisively higher. This is no surprise. As the yield on the 10-year Treasury note goes, so goes the yield on mortgage-backed securities, and so goes mortgage lending rates.  

For the immediate future, there is no great impending concern to weigh on financial markets. Therefore, we wouldn’t be surprised to see lending rates trend a bit higher.

To be sure, someone is always worried about some possible impending doom somewhere. That’s always the case. But if you were to ask us where mortgage rates will be this time next week, we’d say either flat to slightly higher.  For now, everything looks calm and steady (relatively speaking). Rates rarely move lower when things are calm and steady.

Information provided by 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.

What’ll 80 extra bucks a month get you? Oh let’s see . . . a weekend road trip, an Apple TV, a bottle of really nice champagne, a steak that’ll change your life. And that’s just the tip of the $80 Iceberg of Possibilities.

We’re hoping you can take some of these tips and treatcho’self, because LIFE IS SHORT YOU BEST ENJOY IT.

Here are eight ways you can save $10 a month or more:

Ditch Your Cable

Cable is so last year. If you don’t want to say goodbye to your shows you can always get HBO Go/HBO Now, Showtime or Netflix. It might also behoove you to turn to Youtube, Redbox, books or board games. These are all either free or a one-time purchase opposed to a monthly subscription. Still not sure? Run through this checklist to find out if cord-cutting is right for you.

Dust Off Your Crockpot Again

Crockpot meals are a great way to stop eating out. You can set your meals up at night, cook them during the day, and you won’t be tempted to order food when you get home from work because your home will already be filled with delicious meat smells. You can also use up ingredients that might be one-day too late to sauté (like older spinach).

Use Your Microwave Instead of Your Oven Range

Yeah, yeah, I can already hear you foodies moaning about this tip. But here’s the thing: your microwave uses half the power as your gas range. So if wanna save some cash, go microwave.

Buy a Battery Recharging Station

You can buy 48 batteries for $13, and those’ll last you a long time. Or, you can buy a $13 battery charging station and never buy batteries again. It’ll take a while for you to start seeing the savings, but long term this is an easy way to save some cash.

Install a Shower Timer

Start using a timer when you’re in the shower, and try to keep your sessions under 10 minutes (you can shoot for five if you’re ambitious). This will reduce your monthly water bill.

Cancel Your Home Phone Service

The cost of a LAN line can vary, but it’s usually at least $20 a month. If you can’t just ditch the thing entirely and use your cell phone, try switching to a Magic Jack – a computer plugin that allows unlimited calling within the U.S. and Canada through your Internet. The initial device that connects your phone to your computer is $60. This includes a year of service. After that you will pay $35 a year. In short, you will pay $6 a month your first year and $3 a month every year after that. Still way cheaper than a traditional phone line! Learn more here.

Get a Tree Planted For Free

Many municipality services will provide a free tree planting, if you’re willing to be on a waiting list. Have them plant the tree on the west side of your house and save money on your utility bills – an adult tree on the west side of a home can reduce your AC needs by 30 percent and reduce the energy required for heating by 20-50 percent (trees both shade and insulate).

To find your city’s municipal tree planting program, Google: “Municipal tree planting program [your city]”.

Stop Dry Cleaning So Many of Your Clothes

You’ve probably heard this one before, but dry cleaning is a tough habit to break. While it’s convenient, it ends up costing a lot (industry reports estimate an average of $40 a month per heavy dry-cleaning household). Check out our step-by-step guide on how to start doing your dry cleaning at home so you can start saving!

Information provided by BrightNest.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.

Another home price index, another index that shows monthly price gains.

CoreLogic released its home price index for May, and no surprise – prices were up for the month.  The index showed national home prices up 1.3%, which lifts the year-over-year gain to 5.9%. The index is up 22-consecutive months.

We’re not surprised by CoreLogic’s findings. All the other housing-data aggregators – Case/Shiller, Zillow, Black Knight, etc. – show persistent monthly price gains as well.  What’s more, CoreLogic’s HPI Forecast shows that prices will increase by 5.3% annually by May 2017, and by 0.8% month over month in June 2016.

More price appreciation appears in store, at least at the national level. But as we know, real estate markets are local markets. Demography, the rate of price appreciation, and the market composition of homes in Aurora, Colo differs from demography, the rate of price appreciation, and the market composition of homes in Aurora, Ill.

The good news, at least to us, is that the rate of price appreciation is slowing in more markets, particularly in the hotter markets, like those in Northern California.  We think this is healthy. Rapid price appreciation reduces the number of potential buyers. It also leads to a more stratified market.

We agree with CoreLogic: Home prices in many local markets will likely trend higher.  We like the idea, though, of prices trending higher at a rate that adheres more closely to historical norms.

Information provided by 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.

How Low Can Rates Go?

Each week, we see interest rates as low as they’ve been in our lifetime. We obviously continue to live each week, and each week we continue to see interest rates at the lowest we have ever seen. (Of course, one week one of the two conditions  – the living or the falling interest rates – will give. Needless to say, we prefer the latter to give first.)

This week, the yield on the 10-year U.S. Treasury note hit another all-time low, dipping below 1.37%.  Mortgage rates aren’t quite at an all-time low, which occurred in December 2012, but they’re darn close.  Quotes on a conventional 30-year fixed-rate loan frequently range between 3.25% and 3.375% on best execution these days.  As for the 15-year loan, quotes are well below 3%.

Again, we look to the other side of the Atlantic for the cause. Financial markets rallied over the second half of last week, but they pulled back again this week. It seems market participants, after having a holiday weekend to mull things over, returned to work Tuesday thinking there is still considerable market risk associated with the U.K. Brexit vote.  Investors re-embraced haven assets – precious metals and U.S. Treasury securities.  Prices in both asset classes have risen meaningfully over the past week.

At this point, you would think the odds of the Federal Reserve raising rates would be zero for the remainder of the year.  That’s not the case.  Traders in federal funds rate futures contracts are pricing a 6% chance of a rate increase at the Fed’s September meeting (even though they’re pricing contracts with a 2.4% chance of a rate cut later this month).  Last week, they weren’t giving odds for an increase until December.

But as we are quick to note, traders can be a schizophrenic lot, as can Fed officials.  The June meeting contrasted sharply with the April meeting. Back then, many Fed officials chatted up the possibility of rate increases in the near future. At the latest meeting, everyone softened his stance, evinced by a 10-0 vote to hold rates steady.

Falling interest rates have certainly impacted our corner of the word. Refinance applications have taken flight, which comes as no surprise. More important to the housing market, purchase applications are again moving higher.  The Mortgage Bankers Association Purchase Index was up 4% last week after treading water over the previous three weeks.

So, again we ask: How low can rates go?

What occurred this past week may have been one last spastic reaction to the Brexit vote. In that case, rates could start trending higher, especially when you consider no other major event hangs over our heads.  With nothing hanging over heads, the risk for rates to move higher rises. In short, it’s tough to argue against locking in at today’s rates.

Information provided by 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.

Have moths been fluttering into your immaculate home every time you open a door this summer?

Moths may not bite, but they’re definitely pesky, and for the insect-averse, they can totally ruin a cozy evening spent reading by lamplight. 

If moths are hanging out by an outside light and rushing inside whenever you open your patio or front door, cinnamon can help. The anti-microbial qualities of cinnamon oil make it a great bug repellent. Wherever the smell is strong, insects will stay away!

Fill a few cotton or mesh bags with cinnamon sticks and hang the bags outside, near the lights that are attracting the moth menace. 

For a double whammy, unscrew your outdoor light while it’s cold and use an eyedropper or small brush to paint the bulb before screwing it back in. When the light turns on, the heat will spread the scent of the cinnamon oil and repel moths. 

Information provided by BrightNest.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.

The U.S. economy is improving, but it’s still sluggish from a historical perspective. First-quarter gross domestic product grew at a 1.1% annualized rate. Consumer spending remains weak and has been a drag on growth for most of the year.

That said, the economy is driven as much by investment as by consumption. After all, we all have to produce in order to consume. Investment drives production. Residential investment has been a key driver of economic growth for the past two years. In fact, residential investment is estimated to have added a half percentage point to GDP growth in the first quarter.

Home sales – both new and existing – have been up most of the year. Price appreciation continues unabated in lower-end homes in many markets, though the overall trend in price appreciation is moderating. Case-Shiller's 20-city index shows prices year over year were up 5.4% compared to last year when they were up 6%.

We favor moderating price appreciation.  Prices at the national level should really appreciate at a percentage point or two above consumer-price inflation.  Yes, real estate wealth will accumulate at a slower pace, but at the same time sales activity will increase.

Homeowners want higher prices and home seekers want lower prices.  Prices appreciating at a rate closer to consumer-price inflation provides a nice equilibrium. We’re getting closer to a nice equilibrium that’s also a sustainable equilibrium.

Information provided by 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.

Thank the British for Today’s Lower Mortgage Rates

A vote occurred on the other side of the Atlantic last week, and the result was unanticipated by most political wonks.

As you no doubt know, the citizens of the United Kingdom voted their country out of the European Union.  And given the immediate response from financial markets around the world, you’d have thought that they had voted themselves off the planet.  Market participants responded by marking most everything down: stocks, commodities, global economic growth, and interest rates. (Gold, silver, and U.S. Treasury securities – havens all – bucked the trend to trade up.)

The yield on the 10-year U.S. Treasury note dropped nearly 25 basis points overnight to a level unseen since, well, never.  Because long-term mortgage rates follow the 10-year note (though not in lockstep), the 30-year fixed-rate loan hit a four-year low. Sub-3.5% on the 30-year loan has become the new norm.

The UK vote – known by the tedious portmanteau “Brexit” – enables the UK to free itself from EU diktats, which can be stultifying at times. (For example, bottled-water manufacturers are prohibited from saying water PREVENTS dehydration.) By voting “yes” on Brexit, the Brits voted for more local control, which it appears they will get.

Market participants are worried that the Brits also voted themselves out of the European market.  Worries were exacerbated by the notion that other EU countries – most notably France and the Netherlands – will also vote themselves out of the EU, thus starting a contagion that could end the EU.  Should this occur, a worldwide recession would ensue, so we’ve been warned.

Last week, we mentioned that we remain skeptical that the Federal Reserve would raise the federal funds rate before the end of the year. After the Brexit vote, we now have plenty of company. Traders in fed funds rate futures contracts are no longer giving near-term odds on a rate increase; the odds have shifted to a rate decrease.  Futures contracts are trading with a 6% chance that the Fed will cut the fed funds rates at its Sept. 21 meeting.  Odds for a rate increase don’t arise until the December meeting. The odds given are only 13%.

We think the potential negative consequences of the Brexit vote are unduly amplified. Yes, feelings are hurt and passions are inflamed, particularly among the losing side and among continental Europeans. But in time, cooler heads and rational thought will prevail.  The EU and the UK will maintain trading relations and the world will go. As for a global recession, It’s possible, but also improbable.

For now, we’ve got a low-lending rate environment that’s likely to persist through the summer months. With the Brexit vote out of the way, no major global event resides on the horizon. This means mortgage rates are unlikely to trend much lower.

There’s no overriding reason to lock at this point, but there’s also no overriding reason to float. Just keep in mind that rates tend to rise faster than they fall.  

Information provided by 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.