August 29, 2018 rummy

The internet is filled with myths and fake news coming from all platforms, social media sites, blogs and vlogs are amongst the commonly utilized channels. It has conquered politics, entertainment, and product and services alike. Unfortunately, they have infiltrated the real estate market as well. Here are the top myths on Real Estate today. Myth #1: We Are Headed for Another Housing Bubble Home prices have appreciated year-over-year for the last 76 straight months. Many areas of the country are at or near their peak prices achieved before the last housing bubble burst. This has many worried that we are…

August 28, 2018 rummy

We got good news for all homeowners who are planning on selling their homes. Studies show a steady increase of up to 0.2 in home sales over the coming year. If you’re asking whether or not this is the best time to put your home up in the market, then take a look at the chart below. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best time…

August 27, 2018 rummy

When buying groceries, people often pick one product out of the countless others because of one reason, they want to spend their money correctly. Have you ever wondered if you’re spending your money correctly on the right mortgage? As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”: “While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone…

August 25, 2018 rummy

It did not take long for Kickstarter to become popular since it was founded in 2009. And it has given birth to a multitude of internet based crowdsourcing and crowdfunding institutions. Only recently has it been utilized to benefits home buyers. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by the fact that many couples live together prior to marriage and already have the necessary items to make a house a home…they just need the house! The average wedding in the United States has 120…

August 24, 2018 rummy

It is with my utmost pleasure and excitement to announce that NYREEX has joined eXp Reality. We have started a strong relationship built on logic, trust and a shared vision of unconditionally satisfying our clients in terms of coverage, client experience, and level of service. We are looking forward to the great opportunities this partnership will bring to all of us. Connecting with like-minded, top tier experts and innovators opens new doors for expansion to other locations, possibilities of coverage in different states, and the early adoption of what will become the most reliable, trust worthy, and effective cloud brokerage…

August 22, 2018 rummy

We are all aware that not everything shown on television is true, even those shown on reality TV shows. And although most reality TV shows about Real Estate try to stay honest to the science and process of home buying and selling, and often comes close to portraying real-life situations. They just can’t show the entirety of the process. Let’s admit it, editing teams just wouldn’t find it favorable to show a 3-hour discussion, in a 30-minute segment. Anyway, let’s find out the top 5 myths that just aren’t true about real estate reality TV. Reality TV Show Myths vs….

August 21, 2018 rummy

If you think about it, it makes sense to pay for something monthly that you know will be yours in a few years time. You can consider your monthly amortization a deposit to your personal savings, only you cannot withdraw cash from it. A study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of…

August 17, 2018 rummy

Over and over for the past several months now, experts and critics alike, repeatedly sit around to discuss and compare the figures we had a decade ago and how it lead to the infamous housing crisis. They gather amongst themselves to brainstorm about how our current numbers may lead to another housing crisis, but here’s why we think otherwise. There is a major difference between the two markets. Last decade, while demand was being artificially created by extremely loose lending standards, a tremendous amount of inventory was coming to the market to satisfy that demand. Below is a graph of…

August 16, 2018 rummy

Every homebuyer has a must-have list in their minds when choosing their dream home. Anything from walk-in closets, to a carport for four to backyard patio. Admit it, you have one in mind too. Here are the top five must-have items people are willing to cross out their list just to get a home within school districts. Buyers are attracted to schools with high test scores, accelerated academic programs, art and music programs, diversity, and before and after-school programs. With a limited number of homes available to buy in today’s real estate market, competition is fierce for homes in good…

August 15, 2018 rummy

Whether it’s because of proximity to work or business or simply because your family has grown. You will come to think at some point that your home cannot keep up with your needs anymore. It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s okay to admit that your home no longer fits your needs! ​ According to CoreLogic’s latest Home Price Index, prices in the starter home market have appreciated faster than…