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Interest Rates

by The Pilgrim Team

Interest rates are currently at historic lows!

With the low prices and low interest rates now, more than ever, is the time to buy.  Forget the first time buyer 8000 Tax Credit…current buyers can save way more than 8000 over the life of their loan at today’s interest rates…

The principal and interest on a 150,000 loan right now is in the area of only 700 per month!! When it comes to buying ~vs~ renting…it’s a no brainer!

We have a high inventory of Homes for sale in york pa to choose from and low rates, the timing couldn’t be better. Feel free to use our website www.PilgrimTeam.com to search for Homes for sale in york pa.

These low rates won’t last forever so don’t wait.

Costly Trends Impacting Homeowners Insurance

by The Pilgrim Team

Homeowners insurance continues to rise at alarming rates. Additionally, some new home buyers are facing challenges in finding companies to cover their property at all; and existing homeowners are seeing policies cancelled after years of rate increases.

What’s going on with property and casualty insurance?

  1. Buyers should be aware of Chinese drywall and other inferior materials. Recently, Consumer Reports has highlighted an issue with faulty Chinese drywall. Bought cheaply, thousands of complaints are stating that the product is not only inferior and likely to fall apart, but is actually a health hazard. The problem is not widespread, but presents enough of a trend that insurers are covering their bases by excluding it from coverage or raising rates as a preventive measure against possible claims.
  2. Location, location, location – and if your dream home is on a coastal waterway, be prepared to pay more for your homeowners insurance. What’s more, insurance companies are requiring separate deductibles for coastal property – primary insurance and secondary wind, water or specifically hurricane risk. If you file often, be prepared to go without; frequent claims cause insurers to cancel or not renew.
  3. Lower home prices are also driving rates up and replacement or rebuilding coverage down. Even if the value of your home falls, shop around for the best price on covering your home in the event of a disaster, and make sure your coverage is adequate.
  4. And if things aren’t bad enough, bad credit scores continue to drive up rates on homeowners insurance (as well as auto and other insurance). People with poor credit are considered to be a high risk for responsible behavior and an indicator of future financial trouble. With unemployment rates high and home prices falling, poor credit is driving up rates across insurance plans.

Understand your current homeowners insurance policy and the coverage you are paying for. Shop around – it pays off to compare and switch insurers for better rate plans. And remember, all kinds of market trends can factor in what you pay – and what you get for it.

/kh

Positive Housing Outlook From NAHB

by The Pilgrim Team

In last few years , it seems that we area always hearing negative news regarding the real estate market but now finally some good news is welcomed. According to National Association of Home Builders (NAHB) and Wells Fargo, for the 5thconsecutive quarter, nationwide housing is near its highest level of affordability in 19 years  Housing prices and interest rates are still low and 72.2% of both new and existing Homes for sale in york pa are affordable to families who earn $63,800 (the national median income).

According to Bob Jones, NAHB Chairman, “Today’s report is very encouraging because it indicates that homeownership continues its more than year-long trend of remaining within reach of more households than it has for almost two decades.”

“With interest rates still hovering at low levels, companies starting to hire new employees and the economy beginning to rebound, this should encourage more home buyers to enter the market and help further stabilize housing and the economy.”

The national median home price for the quarter was $175,000. The NAHB uses a rule that no more than 28% of take-home pay can be used toward housing.

As with all real estate, location is key – Indianapolis and Youngstown, Ohio led the nation in affordability – 95% affordable based on local median income, followed by Dayton, Ohio, Syracuse, New York and Grand Rapids, Michigan.

New York City remains one of the least affordable cities, regardless of income. Still, any good housing news these days is cause for optimism, and home ownership is more than just a dream for many American families whose employment picture is stable.

/kh

A recipe from the Pilgrim's Progress

by Cindy

I was reading The Pilgrim's Progress newsletter for October/November 2009 and found some very interesting articles in it.  This is written by a member ofThe Pilgrim Team at Professional Realty Associates.  Even though it is a small newsletter, it is packed full with a lot of information.  They had information on how to avoid Foreclosure, current Home Financing interest rates, all of their featured Homes for sale in york pa for sale in York, PA, positive articles, and the one I liked the best and that I wanted to share with you is a recipe.  I'm always looking for something easy, tasty, and different to make for dinner.  This recipe my whole family loved and it was very filling!!  This is a very informative newsletter!!  In this case, size doesn't matter! Here's the recipe.  I hope you like it as much as I did!!

Layered Enchilada Bake

 1 lb. lean ground beef

1 large onion,chopped

2 cups Chunky Salsa

1 can  (15 oz.) black beans, drained, rinsed

1/4 cup Zesty Italian Dressing

2 Tbsp. Taco Seasoning Mix

6 flour tortillas (8 inch)

1 cup Sour Cream

1 pkg. (8 oz.) Mexican Style or Cheddar Cheese

HEAT oven to 400ºF.

BROWN meat with onions in large skillet on medium-high heat; drain. Stir in salsa, beans, dressing and seasoning mix.

ARRANGE 3 tortillas on bottom of 13x9-inch baking dish; cover with layers of half each meat mixture, sour cream and cheese. Repeat layers. Cover with foil.

BAKE 40 min. or until casserole is heated through and cheese is melted, removing foil after 30 min. Let stand 5 min. before cutting to serve. Top with chopped tomatoes, shredded lettuce.

Displaying blog entries 1-4 of 4

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The Pilgrim Team
Professional Realty Associates
16 Leader Heights Road
York PA 17403
Office: 717-757-5955
717-755-2683
Fax: 717-757-2887