May 28, 2019 rummy

As we have shared countless times before, down payments need not be 20% all the time. Depending on your situation and geographical location, the percentage required could drop significantly. But a lot of buyers still believe that they need to save 20% as a down payment and here’s why. 1. Your interest rate will be lower. Putting down a 20% down payment vs. a 3-5% down payment shows your lender/bank that you are more financially stable, thus a good credit risk. The more confident your bank is in your credit score and your ability to pay your loan, the lower…

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

May 15, 2019 rummy

Believe it or not, the longtime rivalry between owning a house and renting are showing signs of handicap of one against the other. If this trend continues, it could tip the scale to hugely favor homeownership. In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference between the costs of renting versus owning? It makes sense that rents have risen….

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…

March 28, 2019 rummy

Many millennials have been taking their time focusing on things that matter to them. But just because they’re not as quick to act on traditional goals, doesn’t mean they are not ready for them. Let’s take their qualifications for mortgage approval, for instance, many are not even aware they are mortgage ready. History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the next two years. This will continue to fuel demand for housing. This is also one of the many reasons why the millennial homeownership rate has continued…

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.”…

January 11, 2017 rummy

  We can hit you with advice and free information until your eyes and ears hurt, but we know when it comes to money most people want to see results.  If we say we’re going to hit the ground running in 2017 there is only one way to prove a statement like that; through ACTION In our most recent blogs and videos we stressed ACTION; It’s a new year!  Go out there and get it done!  Just DO It!  Well let’s see, it’s only the 11th and already we have a CLOSING to tell you about.  The best part about…

January 10, 2017 rummy

Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional! You Need an Expert Guide if You Are Traveling a Dangerous Path The field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to move into can be tricky. An agent listens to your wants…

December 29, 2016 rummy

  As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years. The recent jump in mortgage rates has forced buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of…

December 28, 2016 rummy

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that by the end of 2016, the net worth gap will widen even further to 45 times greater. The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction: Put Your…