Real Estate Information Archive

Trends Persist Heading into 2014

Trends established in 2013 show signs of persisting into 2014... but for how long?

Take home prices, which continue to move strongly higher. The latest edition of the S&P/Case-Shiller Home Price Index shows prices rose 1.05% in October. Year over year, prices are up 13.63% in the composite 20-city index to post the strongest year-over-year gain since February 2006.

There are a couple points worth noting: First, the latest index reading is for October, so it's two-month in arrears. That said, price data from other providers point to continued gains in November and December. The Case-Shiller index will very likely show that 2013 was a very good year for home prices.

It's also worth noting that there is some market rotation going on. Gains are no longer being paced by formerly depressed Phoenix and Las Vegas (where sales dropped to a five-year low in November). Instead, they are being paced by Detroit and Atlanta – markets that have been struggling until recently. This makes sense: Trees don't grow to the stratosphere and holes aren't dug to the center of the earth. There is a limit to how high or how low markets will go until they reverse course.

With that in mind, the Case-Shiller index has performed exceptionally well over the past two years. Aside from a hitch in 2010, the index has been on a tear since January 2009. This is unprecedented. And as we've noted before, it's also unsustainable. Once the last of the depressed markets rally, we expect national price appreciation, as well as price appreciation in more local markets, to slow. We wouldn't be surprised to see that begin as early as the first quarter of 2014.

The other major trend – rising mortgage rates – is showing signs of being sustained into 2014.

Bankrate.com's national survey shows the rate on the 30-year fixed-rate mortgage rose six basis points to 4.69% in the past week. We're not surprised that rates moved higher, because the yield on the influential 10-year U.S. Treasury note is on the rise. In fact, the yield on the 10-year note is above 3%, the highest it has been in over two years.

The 30-year loan historically trades two percentage points above the 10-year note. Simple math, therefore, points to a 5% rate on the 30-year loan. We'll likely see 5% prevail by the end of the year, or even by mid-year.

On a more positive note, we see a trend reversal in existing home sales. After stagnating in the second half of 2013, sales should gain traction in 2014. We say that because we agree with NAR's chief economist Lawrence Yun and his assessment of the market. Says Yun, “ We may have reached a cyclical low because the positive fundamentals of job creation and household formation are likely to foster a fairly stable level of contract activity in 2014.”

We've expressed similar sentiments over the past few months. If our sentiment prevails, it's unlikely that markets will be derailed by higher lending rates and slowing home-price growth.

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 principal reason we remain housing bulls is that we have a lot of ground to make up.

It's worth mentioning that the new-home market is not the existing-home market. Many people want new homes, and there aren't as many of them as there was in the recent past. This suggests that we will see a sustained uptrend in housing construction over the next few years. This is important not just for us, but for the economy in general, as housing has historically contributed 2%-to-3% to gross domestic product.

The good news is that we see stronger economic growth and stronger job growth in 2014. The bad news is that this growth will ensure higher lending rates.

 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.

Strangely Calm and Settled

The employment numbers for November were better than expected. Payrolls increased by 203,000 for the month, which handily beat the consensus estimate for 180,000. These new jobs helped drop the unemployment rate to 7.2% from 7.3%.

Last week, we mentioned that an unexpected spike in job growth would likely move mortgage rates higher. Interestingly, that wasn't the case: Bankrate.com's national survey held steady at 4.55% on the 30-year fixed-rate mortgage. Freddie Mac's survey shows that the rate on the 30-year loan actually declined four basis points to 4.42%.

Some credit-market analysts believe the mortgage-rate spike that occurred last week was a matter of market participants anticipating a strong employment report. That's plausible, given strong gross domestic product (GDP) growth, which also beat most economists' estimates.

More likely, though, uncertainty surrounding the federal budget kept investors in bonds, and, thus, kept mortgage rates under wraps. We say that because after a budget agreement was announced late Tuesday, mortgage rates moved discernibly higher.

This suggests economic growth will pressure mortgage rates going forward. By that, we mean growth will pressure rates to move higher. The meeting of Federal Reserve officials this coming Wednesday will provide further insight. The odds are rising that the Fed will initiate some level of tapering of its monthly Treasury and mortgage-bond purchases within the next couple months.

Frankly, when we look at the rebound in the yield on the 10-year Treasury note – a good proxy for the 30-year fixed-rate mortgage – we see a yield poised to move higher. And as the 10-year Treasury note goes, so, too, goes the rate on the 30-year loan.

But even if rates stand pat, costs on many mortgage products will rise beginning in 2014. The Federal Housing Finance Agency says Fannie Mae and Freddie Mac will increase the fee they charge lenders to guarantee mortgage loans. Of course, consumers don't directly pay for the fees, but lenders must recoup costs. So in the end, the consumer does pay.

Stricter rules on ability to pay also kick in. Stricter rules mean circumstances will arise where people who should get a mortgage won't. There are no free lunches: If costs aren't covered monetarily, they are covered through reduced opportunity.

That said, if rates don't stand pat, and we doubt they will, a 50-basis-point rise isn't out of the question. Many economists predict the rate on the 30-year loan will gradually work its way up to at least 5% by the end of 2014. We think that's a conservative estimate.

If we've said it once, we've said it a 100 times: risk in this market is in the waiting. Holding out for a meaningfully lower rate can potentially be very costly at this point. 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.

Will the Fed Cease Ruling the Roost?

Mortgage lending rates have made a beeline northward in recent weeks. This past week, Bankrate.com's national survey of lenders shows the average rate on a 30-year fixed-rate mortgage rose 11 basis points to 4.55%. Freddie Mac's survey shows an even bigger jump, with the average rate on the 30-year loan spiking 17 basis points to 4.46%. (A basis point is 1/100th of a percentage point.)

So what's going on?

By initial appearances, the economy is stirring to life. Revised gross domestic product (GDP) data for the third-quarter point to accelerating economic growth. The latest revision shows GDP growth increased 3.6% when annualized, exceeding most economists' estimates.

The $64,000 question is can the current growth rate be sustained?

As we've seen in the recent past (such as in the fourth-quarter of 2011), a couple quarters of growth are strung together, but the trend peters out. Companies building inventory levels was a key contributor to growth in the third-quarter. Most economists would have preferred to see more capital investment and more hiring leading the charge. That said, companies frequently build inventory in anticipation of increased business activity.

Friday's employment report will provide additional information to the state of the economy. We noted last week that the Federal Reserve keeps a close eye on employment numbers. Fed officials have said they'd like to see the unemployment rate below 6.5%. It stands at 7.3%.

The trend is the key, though. If job growth again beats the consensus estimate – as it did last month – this suggests the GDP-growth trend that's developed over the past year will be sustained. That in itself points to greater loan demand, which will pressure interest rates, including mortgage rates, to move higher.

Just as important, more growth (economic and payroll) will embolden the Fed to finally taper; that is, reduce its monthly purchases of Treasury and mortgage-backed securities. The Fed's demand for these securities has been key to holding mortgage rates so low for so long.

As we all know, mortgage rates have been moving higher ahead of actual data releases. This is normal, because markets are anticipatory: they act on expectations, not what's known at the moment.

It's obvious that more credit-market participants expect stronger economic growth; hence the rise in mortgage rates. Should Friday's job numbers support that contention, by meeting or beating the consensus estimate for 180,000 payroll additions in November, rates will likely move higher still. We stay that because exceptions for stronger future growth will rise.

But nothing is certain. The majority can be wrong – as it was when it expected the Fed to begin tapering in September. If job growth disappoints, interest rates will likely fall because the Fed will have less incentive to taper.

Back in September, we were among the correct minority: We didn't think the Fed would taper. More recently, we thought the economy still wasn't that strong and that the Fed might not begin to taper until 2014. We still believe the Fed will hold off until next year. That said, next year is less than a month away.

The bottom line is that pressure is building for the Fed to taper, which strongly suggests mortgage rates are much more inclined to go higher in coming months.

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 mortgage market has been subdued, and we don't expect that to change until Dec. 6 when the all-important November employment report is released. The report for October was exceptionally strong, and motivated a few Federal Reserve governors to ponder “tapering” the Fed's bond purchases in December.

If the employment numbers come in strong again (payroll growth above 200,000), the odds measurably increase that the Fed will undertake tapering as soon as December. The amount and pace of tapering – if any – is anyone's guess. But should the Fed begin to taper, mortgage rates will surely rise. How much they will rise, again, is anyone's guess, because the Fed will attempt to moderate any rate increase. Whether it can actually do that is another story.

We have to confess that we're still somewhat circumspect on the strength of the October employment numbers (which were likely hastily compiled). We would not be surprised to see them revised lower; nor would we be surprised to see payroll growth come in below the consensus estimate of 180,000. Economic growth appears to be gathering momentum, but still not enough to maintain payroll growth near 200,000 per month.

With that said, higher lending rates loom in the future – if not this month, then very likely within the next quarter. So at this point, waiting to buy a home with a purchase mortgage or waiting to refinance a current mortgage makes no economic sense.

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 Chug Along

A month or so back we thought a slowdown in the rate of home-price appreciation was upon us. After all, data from the NAR and the Census Bureau pointed to stagnating national median home prices.

But the latest issue of the S&P/Case-Shiller Home Price Index suggests otherwise. The index showed prices in its 20-city index increased 0.9% month over month in September. For the second-consecutive month, prices increases swept all 20 cities. This latest increase lifted the year-over-year gain to an impressive 13.3%.

We'll be interested to see what Case-Shiller reports for October. Data we've seen from Zillow and CoreLogic suggest some slowing in the rate of price appreciation. Our own anecdotal experience also suggests some slowdown in more local markets. We'd like to see if empirical evidence bears this out.

Unfortunately, empirical evidence still bears out weak sales growth. The Pending Home Sales Index slipped 0.6% to a 102.1 reading in October. The index is at the lowest level in nearly 12 months. Contract signings were likely impacted by the government slowdown, which made verifying income difficult for anyone needing a purchase mortgage. At the same time, rising prices and low inventory continue to impede sales.

Given the strong price increases over the past year, we're surprised we haven't seen more homes come to market. Rising prices always increase supply. With housing, though, the increase has been less than we expected.

Nevertheless, we are seeing at least a marginal increase in inventory, which is up 3.2% for the year. To be sure, i nventory remains very low, but if it continues to increase, you can be assured that the rate of home-price appreciation will slow. Rising supply always leads to a slowdown in the rate of price growth, if not an outright price reduction (which we don't expect).

New construction is another factor in raising overall supply. The Census Bureau hasn't published housing starts in a couple months due to the government slowdown, but it did release data on permits. On that front, permits for residential construction increased to 1.034 million units on an annualized basis in October, a considerable increase over the 918,000 units in August.

Unfortunately, all the gains are attributable to the multi-family segment. Single-family permits posted at 620,000 units on an annualized basis in October, which is actually a decreased compared with the 627,000 units in August.

The encouraging news is that we've seen a recent uptick in purchase-mortgage activity. Now, we'd just like to see this recent uptick morph into a long-term trend.

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 latest data on existing-home sales were something of a head-scratcher. Things didn't quite move the way we expected.

For one, prices on the national level continued to move higher, and meaningful so. The median price rose 0.5% to $199,500 in October. This latest increase pushed the year-over-year increase to 12.8%. Given the recent data on slowing price appreciation, we were expecting a less robust gain.

Nor were we expecting a continued reduction in existing-home inventory, which fell a third-consecutive month to 2.13 million units. The prospect of slowing price appreciation can motivate people to list their home. More people in positive-equity territory is another motivator. According to Zillow's Negative Equity Report, the national negative equity rate fell to 21% in the third quarter from 31.4% at its peak in the first quarter of 2012.

When asked about the direction of this market – both mortgage and housing – perhaps simply pointing in opposite directions and saying “ it's going that away ” isn't so silly.

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.

There is a hoary comedy routine where a sheriff, pursuing a suspect, stumbles across the suspect in disguise. The sheriff, oblivious to the fact he's speaking to the suspect, asks, “Which way did he go?” The suspect crosses his arms, points in opposite directions, and replies, “He went that away.”

So much of this market feels like the comedy routine; much of the information is contradictory, if not opposing.

We look no further than the Federal Reserve, which was again the lead story this past week. Credit markets were focused on the minutes from the most recent meeting of Fed governors. Most Fed watchers were seeking an answer to the question “When will the Fed taper?” If you were to ask two pundits to provide an answer, you'd likely get two opposing answers.

One pundit could persuasively reason that tapering – the Fed's reduced monthly purchases of Treasury and mortgage-backed securities – is imminent. He could base his conclusion on this passage from the Fed minutes: "Participants also considered scenarios under which it might, at some stage, be appropriate to begin to wind down the [bond-buying] program before an unambiguous further improvement in the outlook was apparent.”

Another pundit could reasonably arrive at an opposing conclusion. She could base her interpretation on incoming Fed Chair Janet Yellen's views on unemployment, which she says is “still too high, reflecting a labor market and economy performing far short of their potential. ”

Interestingly, mortgage rates were generally down over the past week. Bankrate.com's survey shows the national average rate on the 30-year fixed-rate loan dropped nine basis points to 4.39%. Freddie Mac's survey shows the rate dropped 11 basis points to 4.22%.

We say “ interestingly ” because the yield on the 10-year Treasury note moved meaningfully higher. The 30-year fixed-rate mortgage rate tends to correlate highly with the 10-year note – yet it didn't this past week.

To be sure, there was a lot of conflicting data and opinions this week, but we'll stick to our guns nonetheless. For the short term, we expect the rate on the 30-year mortgage loan to be contained between 4.25% to 4.50% (give or take a few basis points). We believe this range will hold for the next two weeks until Friday, Dec. 6, the release date for the next employment report.

If job growth surprises to the upside, as it did earlier this month, mortgage rates will surely spike higher, because most credit-market participants will anticipate an imminent tapering. Of course, if the report surprises the other way, rates will surely drop.

So waiting at this point remains a risky game. Keep in mind, in January the Qualified Residential Mortgage rules are scheduled to kick in. This means more time and documentation. In addition, Freddie Mac came out with its market forecasts for 2014. It expects the rate on the 30-year loan to hit 5% by the end of the year.

In short, the odds favor higher mortgage costs in 2014.

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.

We spend a good deal of time talking about the Federal Reserve, and we do so for a good reason: The Federal Reserve is the most important economic planner in the country. The Fed is charged with promoting employment, stabilizing prices, and regulating the financial sector. Not surprisingly, it holds tremendous sway over both the housing and mortgage markets.

We frequently monitor the Fed to get an idea where lending rates are headed. Last week, we mentioned that we thought lending rates would hold today's lower levels. We've become more convinced that the Fed won't step back from quantitative easing or raise short-term rates soon. We say that because the Fed has targeted a 6.5% unemployment rate and a consumer-price inflation range of 2% to 2.5%.

On the former, the goal isn't close to being reached. Unemployment still runs well over 7%, and it's only that low because of a falling labor participation rate. As for consumer-price inflation, it still runs well below 2%. Much of the new money the Fed has pumped into the economy, instead of flowing into the consumer sector, is finding its way into asset. It's no coincidence that stocks are at an all-time high.

In short, the Fed has plenty of room and plenty of incentive to keep pumping money and to hold mortgage lending rates low. We don't see that changing in the near future.

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.

A Contrarian's Guide to Good News

The U.S. Census Bureau reported that the homeownership rate hit an 18-year low of 65.1% in the third-quarter of 2013. The rate had climbed steeply in the 10-year period from 1994 through 2003 – topping 69%. From there, it has been downhill ever since.

At the same time, residential rents continue to rise. The Census Bureau also reports that the median residential rental rate rose to $736/month in the third quarter to hit an all-time high.

Home prices also continue to rise, which is mostly positive. The negative is that the strong rise in home prices over the past two years has made it more expensive to buy a home. Home-price increases have helped drive the National Association of Realtor's affordability index down to a five-year low.

Rising rents and rising home prices are pressuring household formation – where a person moves into his or her own housing unit. For decades, new household formation averaged roughly 1 million per year. In the third quarter of 2013, the rate dropped to 380,000 on an annualized basis.

New households are, not surprisingly, associated with first-time buyers – both categories are overwhelming young in age. The percentage of first-time buyers in the market has fallen this year. These buyers historically account for 40% of home sales. But the latest NAR data show these buyers accounted for only 28% of homes bought in September.

The news appears bad for the housing market, but it really isn't. It's important to emphasize that all markets are forward looking. Where we're going is more important than where we've been. Quite frankly, we like where we are going.

Current household formation at lows and rents at highs point to growth in homeownership rates. Surveys from Fannie Mae still show 75% of us prefer to own a home. Yes, homes are more expensive than they were a few years ago, but the good news is there is pent up demand for a home, particularly when the cost of owning that home is juxtaposed to the cost of renting.

Rising home prices, though lowering affordability, are also positively impacting the mortgage market. Excessively tight lending standards has been a recurring criticism, but there are signs of change.

Rising home prices are putting more homeowners into positive equity positions, which means more homeowners are motivated to service and maintain their mortgage. In fact, the delinquency rate for mortgage loans decreased to 6.4% of all loans outstanding at the end of the third quarter. This is the lowest level since the second quarter of 2009.

Rising home prices and lower delinquencies, in turn, are making lenders less risk averse. Today, we see more loans in the conventional market being originated with down payments as low as 5%. In other words, private lenders are competing with the FHA, and many are even offering better deals when all costs are factored in.

So don't be put off by today's cloudy negative news, because silver linings can be found. The future is what matters, and we see a positive future based on the likely reversal of several negative trends.

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.