The actions by the Federal Reserve this week have benefitted current homeowners and buyers that are looking to purchase a new home. Normally, the action by the Fed does not impact residential mortgage rates since a majority of those rates are established by the open market and private investors. This time the mortgage rates have dropped significantly in the Greater Harrisburg market, and in some cases..(read more)
First, as we approach Thanksgiving, I want to wish the happiest of times to you, your families and your friends. We have been through some interesting times in the last year and it appears that this trend will continue for the foreseeable future. Let us count our blessings and look for a brighter tomorrow.
I am sure many people saw the news that the Federal Reserve enacted a second large multibillion..(read more)
Arthur asked the above question on Trulia Voices with reference to a home that is listed for sale AS IS in Camp Hill, PA. And my response was as follows:
Thank you for your inquiry. There are many reasons, as already stated, why a seller may not want to make the necessary repairs to a home that has been listed for sale. An additional reason may be indifference because with the market as it is right..(read more)
Sara posted the following question on Trulia.com and I responded to the question and I hope this is helpful to both buyers and sellers.
Is a finished basement (400 sq ft) part of a 2000 sq ft home or is it separate like a garage?
Sara. The valuation for a finished basement will be different than the main portion of the home and it will be higher than the value you would see for a garage. To give..(read more)
Central Pennsylvania 2008 Third Quarter Real Estate Report
As we are experiencing Indian Summer, we in Central Pennsylvania are seeing the extremes in the stock markets. With all the turmoil occurring in all areas, especially financials, many of us are wondering are we ever going to return to the prosperous times of just two years ago. In my opinion, things will get better but the timing is the uncertain..(read more)
Greater Harrisburg Real Estate Report
As I reported last month, the real estate market is still evolving and after the events of this past week, the market will continue to do so in the coming months. First, let me provide the statistics comparing September 2007 vs September 2008 and we see that the number of homes sold in September decreased by 18% year over year and the average sales price declined..(read more)
The real estate market in the area continues to evolve, and although the number of homes sold for the month of August 2008 decreased when compared to August 2007, some interesting numbers begin to appear. First, the average sales price in the market actually increased in August 2008 over the same period in 2007 by approximately $6000 per home. Yes, the number of homes sold, as reported by the Central..(read more)
The Central Pennsylvania Food Bank has just launched a new web site www.Hungerbites.org. The site is to bring the public's attention to the upcoming Hunger Action month in September and this campaign is an effort to continue to increase the community involvement within the 27 counties throughout Central Pennsylvania that the food bank provides the basic necessities for many families. The intent is..(read more)
Press Release
FOR IMMEDIATE RELEASE
DATE: 7/26/08
CONTACT: Don Roth
PHONE: 717-579-2879
Harrisburg Area REALTOR® Attend National Conference With Top Real Estate Minds in the Country
ORLANDO, FL—Don Roth of Prudential Homesale Services Group in Harrisburg recently returned from attending the top educational opportunity offered in the real estate industry—the STAR POWER®..(read more)
The Congress has passed H.R. 3221, and the bill is on the way to the President for his signature. Although there are many aspects of the Bill, the major piece of this legislation that I want all potential home buyers to be aware of right now is that there is up to a $7500 tax creit now available to first time home buyers on homes purchased beteween April 8, 2008 and June 30, 2009. The credit is available..(read more)
