About Centre County, PA

How's the Market? | Central PA Real Estate Market Report | You Are Home - January 2012 Episode

Season 2 of Tuesday Tour has become "You Are Home". Enjoy episode 6 that is a detailed report of the State College, PA market. Be sure to watch in 720p HD and full screen.

Hi. I'm Nyssa Smith. Welcome to today's edition of: "You Are Home". Thank you for joining us. I'm here in Central Pennsylvania and today my focus is on how healthy the housing market is in State College. Actually, the entire area surrounding Penn State which is Centre County.

Our segment today is lengthier than our normal episodes. But stick with us! We are going to go through this in a really fun way. We're going to dig in deep. To analyze the market over the last 12 years.

So all you Left brain thinkers, you'll appreciate the data. All the graphs and spreadsheets. And I promise you Right brain thinkers, I'll tie this all together for you and you can really see the big picture. So come along with me for the ride. And be sure to watch all the way to the end of the video.

Many home buyers and sellers in State College, PA wonder about the real estate market. What's the best time to sell? What's the best time to buy? Is it a Buyer's market? Is it a Sellers market?

Buyers say: "I want to get a good deal!"

Sellers say: "I don't want to lose money on my home."

Both buyers and sellers ask: "What should I do? Where should I turn?"

Centre County home buyers and sellers can have confidence! Take a look at the market statistics in this video. It's important to see the market as a whole. Equally important is to consider your neighborhood specifically or your price range specifically. Each situation is different. Each scenario is going to be unique. Each micro-market could be different. How many homes are on the market? How many buyers are there? What's the average sales price? And what's the average days on market? These are the factors to consider. Where one seller's home price could have increased, another's could have decreased.

Rely on an experienced real estate professional to help you determine the best time to sell or the best time to buy. Yes, you can have confidence in purchasing a home in Centre Co. It is a good investment.

Thank you for watching all the way to the end. It's important information and please share this video with everyone you can think of. And let me know how I can best help you or those you care about!

Watch for our tours each week! Become a fan of our page or subscribe to our YouTube channel so you don't miss an episode!

How's the Market? | State College, PA Real Estate | Homes for Sale | HD video | iPhone 4s

Season 2 of Tuesday Tour has become "You Are Home". Enjoy episode 5 that was shot, edited and uploaded all with the iPhone 4s.

Welcome to today's edition of "You Are Home". I'm standing out in front of 915 Stratford Court in State College, Pennsylvania. As you see here, this property is SOLD! Homes are selling in Central Pennsylvania.

This particular property is an end unit townhouse. It's conveniently located near parks, downtown State College and Penn State. And it sold in just 2 days on the market.

We may be in the middle of January...and with temperatures at 30 degrees, but homes are selling!

Why is that? It is typical that buyers are out looking in January after the holidays are over. It's a typical trend that inventory in January and February is lower than in the spring.

Buyers are out there. And inventory is low. As a matter of fact, there are less homes on the market today than there have been in almost a decade in Centre County. Buyers just can't find what they are looking for. They want to buy! They want to take advantage of the historic low interest rates. But there's not a lot of homes out there to choose from. There's only 608 active listings. That includes ALL price ranges in our MLS excluding farms, land, and commercial.

So, if you're thinking of selling and thinking of waiting until spring, think again! You just might sell your house quicker and for more money by putting it on the market now.

Whether you're thinking of selling OR you're thinking of buying, it's imperative that you watch our next episode of You Are Home. It'll be released within the next week. I'll show you an in depth look at our local market. I'm excited to share with you the area stats over the last 12 years in Centre County and what that means for YOU.

Be sure to subscribe, "Like", follow, email me, or whatever you need to do to be alerted to the release of this next video. I'll go into detailed reports and statistics to show how strong the State College and the entire Centre County market really is.

I'm Nyssa Smith. You're friend in the real estate business.

Watch for our tours each week! Become a fan of our page or subscribe to our YouTube channel so you don't miss an episode!

Looking to buy a home in Centre County, Pennsylvania?

What areas of Centre County are eligible for USDA Financing?

The immediate State College area is the only area of Centre County that is not eligible for the USDA Rural Development Mortgage program. Shortly outside of State College, the entire county become USDA eligible.

USDA Eligible Areas in Centre County include...

• Aaronsburg
• Baileyville
• Bellefonte
• Blanchard
• Boalsburg
• Central City
• Centre Hall
• Clarence
• Coburn
• Eagleville
• Howard
• Hublersburg
• Jacksonville
• Julian
• Krumrine
• Madisonburg
• Milesburg
• Millheim
• Mingoville
• Monument
• Moshannon
• Mount Eagle
• North Philipsburg
• Orviston
• Philipsburg
• Pine Glen
• Pine Grove Mills
• Pleasant Gap
• Port Matilda
• Ramblewood
• Rebersburg
• Sandy Ridge
• Snow Shoe
• Snydertown
• South Philipsburg
• Spring Mills
• Stormstown
• Unionville
• Woodward
• Zion

As always, if you want to find out if a specific property is eligible for a USDA Mortgage in Centre County, simply type in the address on the USDA Eligibility Map below....

USDA Mortgage Eligibilty Map

What are the USDA Mortgage Income Limits for Centre County?

Household Size: 1-4 Family Members 5 or more Family Members

Maximum Adjusted Income $77,400 $102,150

If at first glance, it appears your household income exceeds the above limits, it is worth checking the USDA Income Calculator on the USDA website (link below). The USDA allows for several deductions which may allow your Household Income to fit within their Maximum Adjusted Income Guidelines.

USDA Income Eligibility Worksheet

Ok, the Property is in a USDA Eligible Area and your Household Income is within the USDA Income Limits, now what?

Like all mortgages, USDA Mortgages do require an applicant to qualify based on recent credit history. USDA credit requirements are some of the most flexible of any mortgage program available. More detailed information about USDA Mortgage Credit Requirements can be found with the link below...

USDA Credit Requirements

For buyers looking to purchase a home in Centre County Pennsylvania, the USDA Rural Development Mortgage is definitely worth a look. Feel free to contact me with any further questions about the program.

You Are Home - EWE Episode | Entrepreneurial Women's Expo (EWE) | State College, PA

Season 2 of Tuesday Tour has become "You Are Home". Enjoy episode 4 featuring the Entrepreneurial Women's Expo in Central Pennsylvania.

Nyssa attends the EWE (Entrepreneurial Women's Expo) in State College, Pennsylvania on Wednesday, October 5, 2011. This is the 3rd annual EWE. Women empowering other women. Entrepreneur Jessica Dolan of Room to Breathe created EWE in 2009. She created this event so that women from all over Central PA could benefit from a day of visionary leadership and collaboration. Each Expo, which is held annually and for women only, brings together an extraordinary cast of speakers who are leaders in their fields of business. And throughout the day there are many giveaways. So there are a lot of surprises when you attend the EWE. You can enjoy a day of inspiration and networking. For more information about EWE and about future events, visit: http://www.ewesc.com.

Watch for our tours each week! Become a fan of our page or subscribe to our YouTube channel so you don't miss an episode!

You Are Home - The Clare Fund episode | Art Auction | State College, PA | Non Profit Organization

Season 2 of Tuesday Tour has become "You Are Home". Enjoy episode 3 featuring a charitable organization The Clare Fund in Central Pennsylvania.

Come along with Nyssa as she attends the Art Auction for The Clare Fund. The Clare Fund was formed in 1999 to benefit high school students in the Arts. Students in 11th and 12th grades in Centre County can apply for scholarships for Visual Arts or Performing Arts. I had the privilege of sitting down with Clare's mother and discussing Clare and The Clare Fund. Although Clare was just 17 years old when she died of cancer, she continues to inspire others even today! For more information on The Clare Fund and how you can help visit: http://www.theclarefund.org and 'Like' their facebook page at: http://www.facebook.com/pages/THE-CLARE-FUND/338326608513

Watch for our tours each week! Become a fan of our page or subscribe to our YouTube channel so you don't miss an episode!