August 20, 2019 rummy

There’s a good side in everything, rising home prices included. Today we’re listing down not one, not two, but three benefits of growing equity in your home. Read more to find out. 1. Move-Up Opportunity With the rise in prices, homeowners naturally experience an increase in home equity. According to the Homeowner Equity Insights from CoreLogic, “In the first quarter of 2019, the average homeowner gained approximately $6,400 in equity during the past year.” This increase in profit means if homeowners decide to sell, they’ll be able to put their equity to work for them as they make plans to…

July 26, 2019 rummy

It’s not commonly known to everyone that a significant percentage of houses bought in the US are purchased by small investors. Is this a good thing or a bad thing? Well, the truth is, it’s both, it makes the market move which helps maintain a healthy balance of supply and demand. Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a Comeback: Housing Investors Have Been Here for Years, shows this is not the case….

July 10, 2019 rummy

Aside from the obvious reasons about priorities, knowing what you want versus what you need will also help your buying experience go a tad bit smoother and seamless. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses. Do you really need that farmhouse sink in the kitchen to be…

June 27, 2019 rummy

Out of all the generations this century, Gen X has endured the most losses in terms of real estate investments. But is it finally their time to shine this year? Are the Gen X homeowners ready to finally move up their dream home? According to Pew Research Center, “Their fortunes have rebounded more than those of other generations during the post-recession economic expansion and as home and stock prices have risen. Since 2010, the median net worth of Gen X households has risen 115%. In fact, in 2016, the most recent year with available data, the net worth of a…

June 25, 2019 rummy

Let us update you with what’s currently happening in the real estate market. We have a list of three significant influencers that directly impacts our seller’s market as we know it. 1. Interest Rates One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates. 2. Building Materials Talk of tariffs…

June 13, 2019 rummy

Experiences may vary from person to person, but regardless of the method of procurement, type of home acquired, location and owner’s demographic, there’s one universal emotion radiating from a home owned versus rented home all across the board. Frederick Peters, a contributor for Forbes, recently wrote about that feeling, and the pride that comes from owning your own home. “As homeowners discover, living in an owned home feels different from living in a rented home. It’s not just that an owner can personalize the space; it touches a chord even more fundamental than that. Homeownership enhances the longing for self-determination…

June 8, 2019 rummy

💢 FOR SALE 💢 This 4000 sqft New York Pizza & Fine Dining is FOR SALE located at 📍4 New Paltz Plz, New Paltz, NY 12561. Fully running and very profitable with bar license. New Paltz State University located 3 miles away and the famous Mohonk Mountain House Resort & Preserve are located 2 minutes up the road. What are you waiting for? Don’t miss out on this great investment opportunity! 👉🏻 Direct link: http://bit.ly/2WoHS8p For inquiries: 914.920.2299 www.NYREEX.com  

June 6, 2019 rummy

Many buyers worry about home prices because of news about “affordability crisis” here and there, although there is truth to some statements that home prices now is less affordable than it was a decade ago, we cannot overlook other factors in today’s overall markets. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability Index. According to NAR, the index… “…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.” Their…

June 5, 2019 rummy

Recent studies show a new trend in the buyers market. There is a slow build-up of demand for multigenerational homes. This good news for homeowners thinking of selling their home this season. The average life expectancy in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family. The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together. Of those buyers,…

May 28, 2019 rummy

💢NEW LISTING ALERT💢 Commercial listing FOR SALE located at 4 New Paltz Plz, New Paltz, NY 12561. This 4000 sqft New York Pizza & Fine Dining is fully running and very profitable with bar license. New Paltz State University located 3 miles away and the famous Mohonk Mountain House Resort & Preserve are located 2 minutes up the road. Route 299 (Main Street) is one of the highest traveled roads in Ulster County. Don’t miss out on this great investment opportunity! 👉🏻 Direct link: http://bit.ly/2WoHS8p For inquiries: 914.920.2299   www.NYREEX.com