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…

August 20, 2019 rummy

🚨FOR SALE🚨 Need a place for your business? Check out this commercial property for sale located at 📍477 BOSTON POST RD, ORANGE, CT 06477. Prominent retail space with 2,000 sqft for you and your clients. Perfect for lawyers, medical and internet company plus great location! This is definitely a great buy! Call us for inquiries. 914.920.2299   www.NYREEX.com 

August 15, 2019 rummy

No matter what part of the world you’re from or what business or deal you’re into, a great return on investment is something truly hard to pass on. Here’s a couple of insights from industry experts about the real estate market’s current standing on supply and demand. Lawrence Yun, Chief Economist at National Association of Realtors “Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.” Mark Fleming, Chief Economist of First American “Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale…

August 8, 2019 rummy

If you’re one of the many homeowners who took advantage of buying a home or moving up to their dream home early this year, then the short answer is a simple “Yes”. But do not fret, if you haven’t made that big leap yet. With the figures, we’re about to show you, it’s not too late for you to do something about it. Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers. Here are the results from…

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 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 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…

April 4, 2019 rummy

If you’re thinking of selling your house this year, now is the best time to do it. You may have missed the first spot in the market as there are a lot of sellers who took advantage of the slow down last winter, but with the influx of buyers jumping in, there could never be a better time than now to put your home for sale. New research from realtor.com shows that the first week of April is actually the best time to list your house for sale! The report used “trends in median listing prices, views per property on…

August 14, 2018 rummy

Currently, sellers are enjoying huge if not undivided attention from buyers as their visibility is at peak. There are reports, however, that this will change in the following months to come as permits for single-family units are granted. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. ​ How will this impact buyers? ​ More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy: “The continued year-over-year growth…

August 10, 2018 rummy

The law of supply and demand has been an existential issue in basically all known market (real estate included) since the early days of commerce. This has been seen and used time and again by power players in the arena as an opportunity to dominate and earn more. A lot of studies and speculation points at the recent mortgage rate changes as the main reason for home value increase this year. Here’s the reason why we think otherwise. “The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”…