October 17, 2019 rummy

Recent studies show that home equity is the top contributor to your net worth closely followed by retirement accounts, stocks and mutual funds, assets at financial institutions and the rest. Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below): This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea, “Net worth is an…

October 15, 2019 rummy

There are plenty of factors influencing your mortgage pricing, one of them is property tax. Let’s find out exactly how property tax makes your monthly payment go up or down. When applying for a mortgage, you’ll see one of two acronyms in your paperwork – P&I or PITI – depending on how you’re including your taxes in your mortgage payment. P&I stands for Principal and Interest, and both are parts of your monthly mortgage payment that go toward paying off the loan you borrow. PITI stands for Principal, Interest, Taxes, and Insurance, and they’re all important factors to calculate when…

October 1, 2019 rummy

Fall has arrived and you may be one of the many Americans who are still undecided if they should sell their house or wait until next year. Let us help you come up with a decision with these awesome reasons to sell this fall. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers…

September 27, 2019 rummy

Yes, the majority of Americans still believe that homeownership is still one of the best investments out there. We talked about how owning a home improves your family’s net worth and all other benefits that come with it in our previous articles. These numbers below prove them right. According to Wikipedia, “Labor Day honors the American labor movement and the contributions that workers have made to the development, growth, endurance, strength, security, prosperity, productivity, laws, sustainability, persistence, structure, and well-being of the country.” The hard work that happens every day across this country allows so many to achieve the American…

September 25, 2019 rummy

No matter if you’re selling or buying a house, moving is quite a big step that comes with many other things to consider. Difficult enough as it is, moving with children changes the priorities dramatically. Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR) studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found: When Purchasing a Home The major difference between the homebuyers who have children and those who do not is the importance of the neighborhood. In fact, 53% said the quality…

September 19, 2019 rummy

Unlike any other expenses and overheads, your monthly housing cost can be utilized to increase your family’s net worth. It’s the only investment option out there with a dual purpose; you can live in it and increase your wealth through it. Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5%…

September 4, 2019 rummy

It appears that the balance between housing supply and demand continues to elude us. We’re no stranger to its ever so active fluctuations and we know very well the benefits and repercussions it brings. Let’s take a closer look at the housing market’s current state and find out about the opportunities that come with it. The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List, “From 1990 to 2005, the number of single-family permits…

September 3, 2019 rummy

🚨NEW LISTING🚨 Gorgeous studio type converted to a one-bedroom apartment FOR SALE! 🤩🤩🤩 This property is located at 📍33 Barker avenue unit#3a White plains NY 10601. If you are looking for a big studio in a great location this should be your next stop. Come by and make it yours! 👉🏻 Direct link: http://bit.ly/2lBHkLj For inquiries: 914.920.2299   www.NYREEX.com

August 30, 2019 rummy

🚨OPEN HOUSE🚨 Everyone is invited! Join our OPEN HOUSE tomorrow, August 31st at 11am-2pm. Just head over to 📍 13 Edgewood Rd, Cortlandt Manor, NY 10567. 🔥Features: ✅ 4 Beds ✅ 2 Baths ✅ Hardwood floors ✅ Porch ✅ Backyard ✅ Laundry ✅ Garage ✅ Basement 👉🏻 Direct link: http://bit.ly/2Udr2FL Call us for inquiries. 914.920.2299   www.NYREEX.com

August 29, 2019 rummy

Head over to 📍43 Brendon Hill Rd, Scarsdale, NY 10583 for our Open House from 1pm-3pm and witness this stunning ranch home with your own eyes 👀! Just 💥Features: 🔘3 Beds 🔘3 baths 🔘Backyard 🔘Patio 🔘Built-in Stone BBQ pit 🔘Hardwood floors 👉🏻 Direct link: http://bit.ly/2Wpi8Zn For inquiries: 914.920.2299   www.NYREEX.com