May 9, 2012 rummy

Money-Saving Ideas Home maintenance doesn’t have to be expensive. For the penny-pinchers out there, here are some inexpensive ways to Do Green Things Easily and Cheap 5 Seems like all the green talk today is about buying things: buy Energy Star, buy solar panels, buy tankless water heaters, buy new sustainable building products. Buy, buy, buy. What’s a budget-minded home owner to do? Follow these five easy, cheap green nuggets of advice, of course. 1. Resist the temptation to buy. If you’ve read this far, you’re probably already on board the no-buy boat. This first piece of advice is simply…

January 6, 2012 rummy

During the first week of the new year, mortgage rates continued to be influenced by the same factors as in 2011. Stronger than expected US economic data roughly offset continued concerns about Europe, and mortgage rates ended the week nearly unchanged. Friday’s Employment report provided further support that the US economy is gaining strength to begin the new year. Against a consensus forecast of 150K, the economy added 200K jobs in December. The Unemployment Rate unexpectedly fell to 8.5%, the lowest level since February 2009, from 8.7% in November. The decline was partly due to the increase in jobs and…

January 5, 2012 rummy

Happy New Year! After a great 4th quarter in 2011 we are excited for the new year in real estate. The Yonkers NY 10710 Area Market had a very stable year after a volatile 2009 and 2010.  Pricing is generally flat and volumes are Higher but reasonable Real estate cycles are long and I feel like we are in the middle innings. 
in 
- Yonkers NY Current inventory in Yonkers NY 10710 area is off to a good start only 74 single family homes for sale with a 148 average day of the market and currently the average price is $515k….

December 19, 2011 rummy

With tenants and rental property, chances are you’ll have to evict a tenant sooner or later either because the tenant hasn’t paid his rent or because strange people keep visiting him at odd hours of the night. Whatever the reason, the tenant hasn’t lived up to the terms of the lease agreement and you want him out. The question is, how do you go about evicting him? First and foremost, remember that the laws in your state may require different procedures than the general advice in this post, so get familiar with the rules in your area and get yourself…

December 9, 2011 rummy 2Comment

ECONOMIC OUTLOOK Growth Rate – % 2009 2010 2011 2012 Real GDP -3.5 3 1.6 2 Nonfarm Payroll -4.4 -0.7 1.1 1.1 % Levels 2009 2010 2011 2012 Unemployment 9.3 9.6 9 8.8 30 Yr Gov’t Bond 4.1 4.3 4.1 4.4 30 Yr Mortgage 5.1 4.7 4.6 5 % Change–Year Ago 2009 2010 2011 2012 Existing Home Sales 4.9 -4.8 0.3 4 New SF Sales -22.6 -14.4 -8 18.2 Housing Starts -38.7 5.6 -5.8 7.9 So, how’s the market? It’s been down so long no one has noticed it’s going up. But it is! Sure September prices dropped slightly, driven…

November 21, 2011 rummy 2Comment

Rates on the 30-year mortgage averaged 3.99% for the week ending Nov. 10, down from 4% last week and 4.17% a year ago, McLean, Va.-based Freddie Mac said Thursday. Rates on 15-year fixed-rate mortgages also dropped slightly, averaging 3.3% this week, down from 3.31% last week and 3.57% a year ago. Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.98% this week, up slightly from 2.96% last week. The ARM averaged 3.25% a year ago. And 1-year Treasury-indexed ARMs averaged 2.95% this week, up from 2.88% last week. The ARM averaged 3.26% a year ago. To obtain the rates, the 30-year fixed-rate…

November 12, 2011 rummy

Why the End of Year Are A Best Time To Sell Your Home! If your serious about selling Or Buyers a home “don’t wait until after the holidays.” Why? Well because I am convinced that if someone is really motivated, then they have to follow the laws of simple economics:  Supply and Demand. “I am going to wait to put my home on the market after the holidays.”  Seems like the most logical thing to do, but people don’t realize this is a great time to sell your home!  Price is supply and demand driven.  And when supply drops, demand…

November 11, 2011 rummy 1Comment

Covering Fannie, Freddie, FHA, and VA Ann. SEL-2010-05: Underwriting Borrowers with a Prior Pre-foreclosure Sale or Deed-in-Lieu of Foreclosure (04/14/10) To support overall market stability and reinforce the importance of borrowers working with their servicers when they have difficulty repaying their debt, Fannie Mae is updating several policies regarding the future eligibility of borrowers to obtain a new mortgage loan after experiencing a pre-foreclosure event (pre-foreclosure sale, short sale, or deed-in-lieu of foreclosure). The “waiting period” – the amount of time that must elapse after the pre-foreclosure event – is changing and may be dependent on the LTV ratio for…

November 9, 2011 rummy

Start your Commercial Search now at and ask about our buyer incentive program. www.FreeNyHomesearch.com Or call me for a free buyer counseling ! By Rummy Dhanoa ( Expert Advisor) Industrial Property Asking Price Index – Sale Trends Sep 11 vs. 3 mo. prior Y-O-Y – State $91.24 +0.4% +3.3% – Metro $114.31 -0.4% -2.7% – County $127.38 -1.5% -9.0% For industrial properties in the metro area for the month, the average asking price was $114.31 per square foot. This shows a drop of 2.7% year-over-year, and a decline of 0.7% from the end of the second quarter of 2011. This…

November 4, 2011 rummy

Unfortunately, too many times, sellers leave great sums of money on the table when they are held in reserve, unwilling or unable to correctly prepare their home for sale. Unless you are in a situation of severe distress, money wise, there really are no excuses to not making your home “Market Ready”. It starts with de-cluttering, cleaning and staging your home and making sure that everything is in working order and good repair. You must keep in mind that buyers will almost always overestimate any type of repair or needed update and want to deduct the perceived cost from the…