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Long Island Real Estate Blog

Have You Budgeted for Closing Costs?
Have You Budgeted for Closing Costs?
Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage.  Have you budgeted for closing costs?  What Are...
Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]
Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]
Some Highlights: According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32. With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer's appetite in the market, keeping buyer activity strong. More and more...
What is the Safest Investment for Americans?
What is the Safest Investment for Americans?
Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable. Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans: “What do you believe is the safest investment over the...
5 Reasons to Sell This Winter
5 Reasons to Sell This Winter
Below are 5 Reasons to Sell This Winter: 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the...
Buyers Are Looking For Your Home [INFOGRAPHIC]
Buyers Are Looking For Your Home [INFOGRAPHIC]
Some Highlights: Existing Home Sales are currently at an annual pace of 5.46 million. The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still...
Tips to Sell Your Home Faster
Tips to Sell Your Home Faster
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale. The following are some tips to sell your home faster: 1. Make Buyers Feel at Home Declutter your home! Pack away all personal items like pictures, awards, and...
The Cost Across Time [INFOGRAPHIC]
The Cost Across Time [INFOGRAPHIC]
  Some Highlights: With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low! According to Freddie Mac, rates are projected to increase to 3.9% by this time next year. The impact your interest rate...
How Long Can This Economic Recovery Last?
How Long Can This Economic Recovery Last?
The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last? The Wall Street Journal (WSJ) Survey...
Are You Ready to List Your Home?
Are You Ready to List Your Home?
Are you ready to list your home? Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below: With inventory...
The #1 Reason to List Your House in the Winter
The #1 Reason to List Your House in the Winter
Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition. So, what’s the #1 reason...
The Difference an Hour Will Make This Fall [INFOGRAPHIC]
The Difference an Hour Will Make This Fall [INFOGRAPHIC]
Every Hour in the U.S. Housing Market:  614 Homes Are Sold 95 Homes Regain Positive Equity Median Home Values Go Up $1.38  
Taking the Fear Out of the Mortgage Process
Taking the Fear Out of the Mortgage Process
Taking the fear out of the mortgage process is simple when you know some key facts!   A considerable number of potential buyers shy away from buying a home because they’re uncertain about the process – particularly when it comes to qualifying for a mortgage.  For many, the mortgage process can...
Can You Afford to Buy a Home?
Can You Afford to Buy a Home?
The gap between the increase in personal income and residential real estate prices have been used to defend the concept that we are experiencing a housing affordability crisis today. It is true that home prices and wages are two key elements in any housing affordability equation. There is, however, an...
Thinking of Selling Your Home?
Thinking of Selling Your Home?
Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting. His thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell....
4 Reasons to Buy a Home This Fall
4 Reasons to Buy a Home This Fall
Here are 4 reasons to buy a home this fall, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at a rate of 5.8% over the...