Second homes during the pandemic became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind a luxury home isn’t only defined by price. In a recent article, Investopedia shares Continue Reading
There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate. This shift caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities when looking at key variables. However, now compared to the last Continue Reading
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and at what scale. Let’s break down one of the Continue Reading
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand. Additionally, slowed the pace of home sales, and moderated home prices. But what about 2023? An article Continue Reading
An Estate Administration Overview People who need to be called within a few hours or days might include: Immediate Family Guardian for minor children Caretaker for decedent's pets The executor of the decedent's willTrustee of the decedent's trust, if any The person holding power of attorney - power of attorney expires at the death Hospital or organ bank Funeral home - make Continue Reading
Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Define your investing goals Determine how you will finance the investment. Speak with your Financial Advisor, Accountant, and Attorney regarding your plans and obtain their guidance. Work on your credit and save for a down payment. If saving feels Continue Reading
Goodbye, 2022! Hello, 2023! Manhattan Market Report for the week ending December 30th, Supply closes out down at 5,751. Supply is ending where it began at the beginning of the year. Pending Sales at 2,401 are also down, and off-market listings (delisting) maintain the market pulse at a .40% level. Manhattan is holding on to price action due to the resilient rental Continue Reading
Are you planning on selling your home this year? A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering moving, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. Keeping these three best practices in mind is a great way to ease some of those emotions and ensure you Continue Reading
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both current renters and new renters have seen their rent go up based on information Continue Reading
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