June 15, 2019 rummy

Welcome to eXpand to the cloud podcast. Our special guest today is Scott Reed – with 21 years of experience under 1 company who made the switch to eXp Realty. He’s a successful independent agent who can hold his own in the ever aggressive industry of real estate. Let’s find out what particular feature or advantage from eXp Realty that made him decide to join. We’ll be discussing how the speed in which information is shared and disseminated makes a huge difference, and why the convenience of automation is so attractive to tenured agents like Scott. Get in touch with…

June 14, 2019 rummy

More and more baby boomers sell their home for a lot of different reasons. But despite what triggered them to sell in the first place, there is something in common with every home put on the market by boomers – they all consider these things important. The National Association of Realtors recently released their 2019 Home Buyer and Seller Generational Report. The report revealed many interesting tidbits about both categories of baby boomers: younger boomers (ages 54 to 63) and older boomers (64 to72). Here are a few of the more interesting topics. Percentage of Buyers who Looked Online First…

June 11, 2019 rummy

If you’re planning to buy a home for your family this year and debating whether or not you should wait before the big jump, you must read this. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. Home values will continue to appreciate. Waiting may no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that…

June 8, 2019 rummy

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June 7, 2019 rummy

For years now, real estate has been at the top of many American’s lists of the preferred investment format. With constant irregularities, market fluctuations, and other influential factors the gap varies indicating the number of Americans who still trust in real estate to be a solid investment. For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case. Gallup explains: “Between 2008 and 2010, covering most of the Great Recession period that saw plummeting home and stock values, Americans were as likely to name savings…

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 4, 2019 rummy

Despite the lack of inventory all across the United States, prices of homes for sale are increasing slowly. In fact, slower than what most home sellers expect. Therefore, we have been observing quite a gap between expectations and reality. In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a homeowner looks to refinance or sell their home, as the expectation of what the homeowner believes the home should be worth does not always line up with the bank’s appraisal. Every month, the Home Price Perception Index (HPPI)…

May 31, 2019 rummy

Renters and first-time buyers- thinking about owning a home, need not stress themselves with it. We found some recent studies showing homeownership may closer to them than they realize. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018. NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only show the transactions reported by…

May 30, 2019 rummy

As the real estate market cruise its way to full recovery, we can’t help but call out a bump on the road which may very well be an opportunity to all potential sellers out there. Buyer demand naturally increases during the summer months, but supply has not kept up. Here are the thoughts of a few industry experts on the subject: Lawrence Yun, Chief Economist at National Association of Realtors “Further increases in inventory are highly desirable to keep home prices in check, the sustained steady gains in home sales can occur when home price appreciation grows at roughly the…

May 30, 2019 rummy

🏡👉🏻 Live in style, comfort and intimacy! This charming ranch style home is FOR SALE! Nestled on a .28 acre parcel adjacent to green state owned land located at 8 Hemlock Lane Dover, NY 12594. 💥Features: ✅ 3 beds ✅ 3 baths ✅ Balcony ✅ Hardwood Floors ✅ Driveway This home has a lot to offer make sure you don’t miss out! ➡️ Direct link: http://bit.ly/2VoxKYo For inquiries and showing request: ☎️ 914.920.2299 🌐 www.nyreex.com   www.NYREEX.com