DNM Contracting, KSM Log Homes & Tim Rogers of Keller Williams...

will feature a joint marketing and sales event at the auction of recreational properties in Clearfield County on Saturday, October 13, 2007 starting at 8:00 a.m. There will be 40 tracts of recreational use property to be sold and the event is the perfect opportunity to review and discuss your potential log home that you have always dreamed about building.

Call me for directions at 814-280-0054.

CHECK OUT MY NEWEST WEB SITE!

http://www.statecollege-pa-realestate.com/

Searching for a new home? Need comparable sales for your home or neighborhood? Just curious about the sales price of your neighbors home?

It's all there so use it as a tool to increase your local real estate knowledge.

http://www.statecollege-pa-realestate.com/

August Surprise Impacts September Mortgage Rates!

Just when mortgage rates had ticked down a bit and it appeared they would remain in the low 6% range the Labor Department played a trick on the mortgage market. Last week the Labor Department released the September jobs report showing an increase of about 110,000 jobs for the month. No surprise there. The surprise came in the next paragraph when the LD announced a revision of the August jobless numbers. A huge revision.

In August the LD reported a loss of about 4,000 jobs (the first negative trending in years) and a trend that caught the attention of the mortgage market and led to lowering of 15 and 30 years mortgage rates. The revised August numbers reflected a 93,000 job swing since the real number was 89,000 new jobs created in August. This large number took the financial markets by surprise and immediately long term interest rates jumped.

30 year fixed rate mortgages rose to a national average of 6.5% versus 6.2% four weeks ago. National averages for this week's rates are as follows:

30-year fixed - 6.5%

15-year fixed - 6.18%

5 year ARM - 6.37%

If you need information about current rates in the local market feel free to give me a call.

New Construction Log Cabin

30 Minutes to Penn State

New construction log cabin on 20 acres in Northern Centre County and close to Penn State University. Adjacent to Sproul State Forest and surrounded by woodland with several acres of open fields offering beautiful views of the surrounding valley, the new log cabin is the perfect spot for a weekend getaway.

Wildlife abound and the location is known for excellent hunting. There are snowmobile trails and miles of ATV trails right out the front door.

The log cabin features one bedroom on the first floor and an open loft on the second floor. There is a fireplace and a beautiful front porch built for relaxation. This is a turnkey build and includes gas refrigerator and range, Bosch endless hot water, gas heat and electric generators. There is a new well and new septic system.

Just bring the kids and the toys and enjoy the best in outdoor recreation. Visit http://www.campsnowshoe.com/.

TOP RETIREMENT PLACES TO LIVE

STATE COLLEGE, RANKED #5

According to a just published report on top retirement towns to live in, State College, PA was ranked the 5th best place for retiree's. Following is a preview of the article or go here http://money.aol.com/usnews/general/great-retirement-spots for the complete story.

The following recap is taken from the article and are not my words.

State College, Pa.

The flagship campus of Pennsylvania State University dominates this central Pennsylvania city. Retirees can enroll in Penn State classes free of charge without worrying about exams or grades.

Total Pop. 38,720

Med. Home Price $195,000

Med. Income $38,799 Avg.

Jan./Jul. Temp 25.4° / 71.2°

Climate
State College has a humid continental climate, with four distinct seasons and rapidly changing weather.

Cultural Attractions
Retirees can enroll in university classes free of charge, and the Penn State Center for the Performing Arts presents music, dance, and theater.

Economy
The university has helped make the town an attractive place for families and retirees.

Geography
The town is located in the Nittany Valley.

Recreation
The town’s recreation is centered on Penn State's sports teams.

Of course those of us living here already know what a great town this is. Don't wait. Move to State College, PA. and give me a call to assist in the relocation.