September 13, 2017 rummy

                                                  948 Clarence Avenue, Bronx NY 10465 Exclusive OFF Market Listing -Legal 2 Family Home w/ In-law Setup -4,000 Sq. Ft -1 Attached Garage, 2 Car Parking -One Of A Kind Super Large Multi-family -3 bedroom 1 ½ Bath with Scenic View of Long Island Sound! -3 Beds, 1 ½ Bath -1 Bedroom, 1 ½ Bath, with Studio -1 Possible Unit with 2 Rooms & Bath ​-Sitting Right On Throgs Neck in the Country Club Section…

July 6, 2016 rummy

Some Highlights: Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million. Inventory remains below the 6-month norm and prices are still on the rise. Interest rates are at a historic low of 3.48%.   www.NYREEX.com    

April 22, 2016 rummy

  Home values continue to climb and are projected to increase by about 5% over the next twelve months. That is great news for anyone who owns a home. However, it could present a challenge for a family trying to sell their house. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the sales price when performing the appraisal for the bank. The National Association of Realtors (NAR) recently released information revealing just how prominent the challenge is in today’s market. And the challenge is…

March 24, 2016 rummy

Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to current incomes. Here is a graph showing the monthly mortgage payment on a median priced home in the U.S. over the last 25 years:   Mortgage payments are currently well below the historic average over that time period. Purchasers are not overextending themselves to buy a home like they did on the run-up to…

March 1, 2016 rummy

  There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all 14,986 houses sold yesterday, 14,986 will sell today and 14,986 will sell tomorrow. 14,986! That is the average number of homes that sell each and every day in this country according to the?National Association of Realtors’ (NAR)?latest?Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.59 million. Divide that number by 365 (days in a…

February 15, 2016 rummy

Unless you’re a die-hard Chicago sports fan, you may not be aware that this week Michael Jordan will celebrate his birthday. Interestingly, one of the greatest and most successful athletes in sports history has a lot to say about failure….or in his words, “I’ve failed over and over again in my life and that is why I succeed.” As many of us small business owners know, failure happens…but overcoming failure is often the first step towards success. Whether you’re a first time entrepreneur or you’ve had years of experience managing your own business, the fear of failure can be almost…

March 7, 2013 rummy

This market report for market 2013 give you an insight on yonkers NY single family home  the Total Number of homes in the market are 185 , Average Days on the market is 137  the average price is $443k  in the last 6 months 78 homes has gone under contract thats 29%  ratio. In the last 6 months total of 116 single family did not sell either they were over priced or they are working with a average agent not with a team of Experts like our self. The good news is that in the last 6 months 63 single…