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
If you’re considering buying a home, pre-approval is a crucial part of the process you don’t want to skip. So, before you start picturing yourself in your new living room or dining on your future all-season patio, be sure you’re working with a trusted lender to prioritize this essential step. Here’s why. While home price growth is moderating and mortgage rates have recently come Continue Reading
If you’re considering buying a home this year, you’re probably paying closer attention to the housing market than usual. And you’re getting your information from various channels: the news, social media, your real estate agent, conversations with friends and loved ones, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. Here are the top two questions Continue Reading
124 Hudson Street
New York NY, 10013
