Poconos and Montgomery County, PA Real Estate Affordable and Breathtakingly Beautiful
By: Bruno Mckenzie
Feb. 5 (FreeRateUpdate.com) — The U.S. housing market in most regions has seemingly stabilized. December’s unexpected increase in pending home sales during what’s always a down month due to the holidays further supports that.
For a moment, let’s talk Pennsylvania in what’s surely one of the most breathtakingly beautiful yet affordable areas of the country, Poconos.
Homes for sale in the Poconos are more affordable than ever. Considering an investment? The local Poconos rental market has such a high demand there is reportedly a waiting list of 1 year.
Lake Naomi Lake, Poconos, PA
Planned communities in the Pocono Mountains like the White Haven Poconos include amenities like clubhouses, lakes and beaches. Many homes in these gated communities are very affordable. Prices range anywhere from $90,000 to $350,000 with plenty of gorgeous properties in the low $100,000′s.
Local Pennsylvania mortgage rates are in the high 4′s. A $100,000 mortgage fixed for 30 years at an interest rate of 4.75% has a monthly P&I payment of $521.65.
Are you considering the region as a whole? You may want to take a look at homes for sale in Montgomery County as well.
Montgomery County is an extremely affordable and desirable area of Pennsylvania a close distance to numerous high quality ski resorts.
With the home affordability index at an all time best and locally a slight increase in the median home price expected. 2010 is the time to buy Poconos Real Estate and Montgomery County Real Estate.