I was reading an article on CNN Money.com today titled “How to rescue the housing market: Foreclosures!â€. Not a great title I would say and more importantly in my opinion not a great concept at all.
The gist of the article is that the government needs to reverse the policies of the last 4 years since the housing downturn and actually encourage foreclosures as a means of “stabilizing†the housing market. They included this interesting graph (above)showing how more home owners are becoming delinquent for longer periods of time. (read on after the jump for more)
Once again Zillow.com has rankedLancasterCounty as one of the best places to buy a homerightnow! As reported on Forbes.com yesterday, due to “affordability, as measured by home price to income ratios; the unemployment picture (both the absolute figure and how it’s trending over time); the foreclosure situation; and year-over-year housing price trends” Lancaster County PA is the 8th Best Place to buy a home in the nation! Read on after the jump for more!
Welcome Back Readers! Today we are bringing you some particularly awesome news, Zillow has recently ranked Lancaster County PA as one of the top places in the nationto buy a home 2011! We hit the list at Number 7, which considering we were competing with literally thousands of places across the nation is pretty spectacular!
The best thing about this ranking? It takes into account what is happening NOW. In this economy, with the current unemployment rate, interest rates, affordability levels, etc. I’ve said it before and I’ll say it again, if it’s the right time for you to buy, there are great opportunities out there right now. Read on after the jump to see why we were included in the list of the Best Places to Buy in 2011!
Welcome Back Readers. Today we are touching on a timely topic for many. Foreclosure. Timely for many, as an article about it in today’s paper was titled “Record number losing homes”. Ouch. Record number.
The article cites 2010 Lancaster County Pa Foreclosure filings as setting a new record at 1,334. This is an increase over 2009 at 1,319. But who really expected differently? With the state of the economy, I look at those numbers and am surprised they aren’t higher. That figure represents an increase of 1.21%.
That’s the new record, up 1.21%. If all we are going to do is talk statistics, that is nothing, an anomaly, barely worth a mention in the history books. In the end, statistics, nameless, faceless statistics are what these numbers become when reported this way. And therin lies the problem. Read on after the jump to find out more.