Move-Up Buyers - Long Island Real Estate

Opportunity to Achieve the American Dream Keeps Getting Better!

July 5, 2017July 4, 2017 by Glen Hagen

Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs. The national […]

Buyer’s Market Helps Premium Home Sales Soar

June 28, 2017June 28, 2017 by Glen Hagen

We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, […]

Pre-Approval Should Always Be Your First Step

July 1, 2017June 27, 2017 by Glen Hagen

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for […]

2 Myths Holding Back Home Buyers

June 27, 2017June 26, 2017 by Glen Hagen

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a […]

4 Reasons to Buy This Summer!

June 12, 2017June 12, 2017 by Glen Hagen

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the […]

The Impact Your Interest Rate Makes [INFOGRAPHIC]

June 9, 2017June 9, 2017 by Glen Hagen

Some Highlights:

Interest rates have come a long way in the last 30 years.
The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
Interest rates are at their lowest in years… RIGHT NOW!
If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!

Mortgage Interest Rates Reverse Course in 2017

June 8, 2017June 8, 2017 by Glen Hagen

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could […]

69% of Buyers are Wrong About Down Payment Needs

June 7, 2017June 7, 2017 by Glen Hagen

According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of potential first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the home-buying process is […]