A Plethora of Price Support Data
Mortgage lending rates are an obvious variable in determining the affordability level of a home, and, yes, these rates are very low. But it's also important buyers consider an even more obvious variable – the home price itself.
On that front, the data clearly point to stable and rising home prices. Recent pricing stories sourcing Trulia, CoreLogic, Zillow, and the NAR show stable and rising prices in more local markets that spread across a wider geographical swath of the United States.
Even the S&P/Case-Shiller home price index, a lagging but consistently pessimistic index, points to rising home prices. The index recently posted its first back-to-back monthly gain since the spring of 2010. Not surprisingly, the index confirmed the price rebounds we already know are occurring in Phoenix, Miami, Tampa, Minneapolis, and Dallas.
The point we want to emphasis is not to overlook the obvious. Sure, buyers may be able to save a few basis points on lending costs in coming months, but that could easily be offset (and more than offset) by rising home prices.
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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.
