For Buyers - Long Island Real Estate

The Mortgage Process: What You Need to Know

November 23, 2019October 6, 2017 by Glen Hagen

Some Highlights:

Many buyers are purchasing a home with a down payment as little as 3%.
You may already qualify for a loan, even if you don’t have perfect credit.
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

The Mortgage Process: What You Need to Know [INFOGRAPHIC]

November 12, 2017October 6, 2017 by Glen Hagen

Some Highlights:

Many buyers are purchasing a home with a down payment as little as 3%.
You may already qualify for a loan, even if you don’t have perfect credit.
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

A Tale of Two Markets: An Update

November 12, 2017October 4, 2017 by Glen Hagen

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In […]

Which Home Values Have Increased the Most?

November 12, 2017October 2, 2017 by Glen Hagen

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price […]

Should I Buy a Home Now? [INFOGRAPHIC]

October 9, 2017September 29, 2017 by Glen Hagen

Some Highlights:

The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
Freddie Mac predicts interest rates to rise to 4.4% by next year.
CoreL…

Most Homebuyers Are Surprised by Closing Costs

September 26, 2017September 26, 2017 by Glen Hagen

According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees […]

Lack of Existing Home Inventory Slows Sales [INFOGRAPHIC]

November 23, 2019September 22, 2017 by Glen Hagen

Some Highlights:

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
First-time homebuyers made up 31% of all sales in August.
Homes are selling quickly with 51% of homes on the market for less than …

Why Are So Few Homes for Sale?

September 23, 2017September 21, 2017 by Glen Hagen

There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]