July 31, 2019 rummy

Are you fed up with the consistent rise in rent? Have you ever thought of buying a home instead of paying someone else’s mortgage? What’s holding back could simply be your hesitation as you may be pleasantly surprised by what’s needed to purchase a home. According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying within the next 5 years, and 38% are planning to buy within the next 2 years. When those same renters were asked why they disliked renting, 52% said rising rental costs were their top reason. The results of the…

July 26, 2019 rummy

🔥BACK ON THE MARKET!🔥 Imagine coming home to this large sunny duplex with connecting spiral stairs. Located at 183 DRAKE AVENUE UNIT#1J NEW ROCHELLE, NY 10805 this property offers exterior entrance doors to each level. Newly renovated eat-in kitchen with recessed lighting and tile floor, new baths, hardwood floors, own laundry room and more! Direct link: http://bit.ly/2SHZnwb For inquiries and showing requests. 914.920.2299   www.NYREEX.com 

July 11, 2019 rummy

💢NEW LISTING💢 3 units 🏢 available FOR LEASE located at 📍2042 Central Park Avenue Yonkers, NY 10710. These units are a terrific opportunity for a business or office on Central Park Avenue with very good car traffic and high visibility. Fantastic location surrounded by local and national chains. 💥Units available: ✅ Unit #SNF – 1,016 SQFT 👉🏻Direct link: http://bit.ly/2XK8Xze ✅ Unit #4 – 489 SQFT 👉🏻Direct link: http://bit.ly/2NPK7hG ✅ Unit #2 – 409 SQFT 👉🏻Direct link: http://bit.ly/2JuzsF5 For inquiries: 914.920.2299 www.NYREEX.com

June 18, 2019 rummy

💢NEW LISTING ALERT💢 📣🏡 Spacious 3 bedroom apartment for rent located at 📍330 Edwards Place Unit#1 Yonkers, NY 10703. This sun filled property offers lot’s of closet space, hardwood floors throughout, large eat-in kitchen and parking. What are you waiting for? Get it before it’s gone! ➡️ Direct link: http://bit.ly/2x2TuiU For inquiries: 914.920.2299   www.NYREEX.com

March 26, 2019 rummy

Regardless of which generation they belong to the majority of Americans still believes that homeownership still plays a big part in the American Dream and we couldn’t agree more. On the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters. Going forward… It appears the homeownership rate will continue to increase. The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased…

December 29, 2016 rummy

Whether you’re thinking about getting out of the rat race or you’ve already dipped your toes into the investment pool, information is a tool that you cannot afford to build a foundation without. Alongside fear, overconfidence is responsible for hindering the success of many entrepreneurs. Think about it. What keeps most people from investing or being able to bounce back from a setback? The fear of failure keeps the majority of Americans stuck in what they believe is ‘job security’, when in fact a high percentage of the population is one medical emergency away from being on the street. So…

April 5, 2016 rummy

  There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate…

February 17, 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 in 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 Housing Cost to Work For You Simply put, home ownership is a form of ‘forced savings’. Every time you…

January 13, 2016 rummy

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: A recent Wall Street Journal article reports that rents rose “faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.”  The article also cited results from a…

September 10, 2015 rummy

Ever think about becoming a landlord? Read these tips first.Anything can and will happen as a landlord, from destructive tenants to bursting water heaters. So save up for maintenance and probable expenses — and surprises, too.  In early 2006, my husband and I decided to purchase our first home in my hometown of Greenfield, Indiana. With 1,300 square feet, a few nice-sized bedrooms, and an open kitchen and living room, our first “starter home” was practically perfect for us. And since we had moved there from a one-bedroom apartment with only two windows and a total of 500 square feet,…