Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move out of the City? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why. Near-Record Percentage of New Home Inventory Newly built homes are becoming increasingly significant in today’s housing inventory. According to the most Continue Reading
Buying a home is a powerful decision and remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow: “The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go Continue Reading
Some Highlights If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you're worried about falling home prices, don't be. Many Continue Reading
New York City offers a wealth of activities for those who relish winter weather, starting with the Coney Island Polar Bear Club New Year’s Day Plunge. The season’s a great opportunity to ice-skate at Rockefeller Center, try curling at the Winter Village at Bryant Park, and take advantage of the lack of crowds at the Bronx Zoo. Prefer to stay toasty indoors? Not Continue Reading
If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decisions. The latest report shows the average homeowner’s net worth is almost forty times (40X) greater than a renter’s (see graph below). Every three years, the Federal Reserve releases the Survey of Consumer Finances Continue Reading
If you’re getting ready to buy a home, jumping a few steps ahead and thinking about moving in and making it your own is exciting. But before you get too far down the emotional path, there are some key things to remember after you apply for your mortgage and close. Here’s a list of things to remember when applying for a home loan. Don’t Deposit Large Sums of Cash Lenders need to source Continue Reading
If you’ve owned your house for at least a couple of years, there’s something you’ll want to know more about – home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.” That means your equity grows as you pay down your home loan Continue Reading
If you want to buy a home, knowing how mortgage rates impact what you can afford and how much you’ll pay each month is important. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent trend is great news for buyers. As a recent Continue Reading
Some Highlights Are you planning to buy a home in 2024? Here’s what to focus on. Improve or know your credit score, plan for your down payment, get pre-approved, and decide what’s most important to you. Let’s connect so you have expert advice on achieving your homebuying goals this year. Other educational articles about the market and your home Continue Reading
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