In New York City, the typical down payment a home buyer needs to come up with is 20%. There is no law that a buyer has to put down 20%, but this is the benchmark for conventional financing. Additionally, cooperatives in New York City have their specific down payment, debt-to-income, and cash liquidity after closing requirements. There are situations where you purchase a home, even in a Continue Reading
Some Highlights During your home-buying adventure, there are key milestones you’ll encounter on your path to homeownership. It's an exciting adventure, from building your team to house hunting to moving into your new home. Your journey starts here. Let’s connect so you have expert guidance each step of the way. Other educational articles about the market and Continue Reading
a A Real Estate Agent is vital when you buy a home through out the process. If you’ve decided you’re ready to become a homeowner. Chances are you’re trying to figure out what to do first. Knowing where to start can feel overwhelming. The good news is you don’t have to navigate that alone. Housing Market's Moving Pieces When it comes to buying a home, there are a lot of moving pieces. Continue Reading
Does the rising cost of Homeownership and the cost of almost everything these days make your dream of owning your home feel less within reach? According to Bankrate, many people seek additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals who may be dealing with student loan Continue Reading
Where do you plan to go if you’re considering selling your home? You may have heard the supply of homes for sale is still low, which means your home should stand out to buyers craving more options. But you may also wonder, once you sell, how does the current supply impact your move? And, will you be able to find a home you want to buy with inventory this low? One thing that can help you find Continue Reading
Even with so much data showing home prices are rising in most of the country, many people still worry about another price crash in the immediate future. A recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people dealing with that fear – maybe you’re one of them. To help ease that concern, Continue Reading
Some Highlights Reason to Sell right now and not to hold off until the new year to sell your house: Buyers looking right now are highly motivated; the supply of homes for sale is still low, and you may find buyers are more flexible with showings this time of year. Rising Cash Offers: Cash home sales have increased recently and remain a popular investment option. Continue Reading
Everyone has their own idea of the American Dream, and it's different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is Continue Reading
If you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession talk. And many people worry if we do have one, it would cause the unemployment rate to skyrocket. Some even fear that a spike in unemployment would lead to a rash of foreclosures similar to what happened 15 years ago. However, the latest Economic Forecasting Continue Reading
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