Long Island Real Estate Blog

Preparing Your House for Sale

20 Tips for Preparing Your House for Sale [INFOGRAPHIC]

Some Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific sugg...
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Housing Inventory

Housing Inventory Hits New Low…

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | Simplifying The MarketEvery summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory […]
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Millennial Homeownership Rate Increases

Millennial Homeownership Rate Increases | Simplifying The MarketRecent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to […]
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Don’t Get Caught in The Rental Trap!

Be Careful Not to Get Caught in The Rental Trap! | Simplifying The MarketThere are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your […]
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Buyer Demand Continues Outpacing Supply

Buyer Demand Continues Outpacing the Supply of Homes for Sale | Simplifying The MarketThe price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]
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A ‘Buyer’ in Hand is Worth Two in the Bush

A ‘Buyer’ in Hand is Worth Two in the Bush | Simplifying The MarketIn today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make […]
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Rising Home Prices Mean Great News for Homeowners

Rising Home Prices Mean Great News for Homeowners | Simplifying The MarketRecently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news […]
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Singles Falling for Dream Home First [INFOGRAPHIC]

Singles Are Falling for Their Dream Home First [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
  • The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
  • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
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