mortgageinterestrates: Analyzing the cost of renting over purchasing
- 11/26/22 03:23 PM
I have been observing the current market and reading the 137 responses that I received from my previous column on Nov. 7. Although my survey isn’t comparable to any national survey via the Labor Dept. or any other government entity, it’s a small microcosm of the feelings of our local Long Island purchasing community who subscribe to my column. It appears approximately 62% of my respondents think renting or staying in place is more advantageous than purchasing right now. It is based mainly on our current interest rates. which are causing the increase in their monthly payments. However, the readers also thought … (5 comments)
mortgageinterestrates: All Things Real Estate: Still time to sell and buy despite slowdown?
- 09/14/21 10:41 AM
Why are homeowners who are thinking about selling as well as purchasers who were contemplating buying pulling back and slowing down their decision-making by holding off? My professional and personal opinion is that they are going through a phase I call F.E.A.R., which means Fanaticized, Expectations, Appearing, Real! However, what really affects changes and slows markets is the psychological aspect from the statistics and information that the U.S. government and other gurus come out with that can be both somewhat accurate and inaccurate while influencing the mindset of the selling and buying public. This is especially true for those who should be selling … (0 comments)
mortgageinterestrates: All things real estate: Cryptocurrency has role in housing market
- 08/13/20 03:37 PM
By Philip A Raices- August 10, 2020 17 Shares The current Covid-19 pandemic started with the first diagnosed case in Washington State on Jan. 20, 2020, and was confirmed by the U.S. Centers for Disease Control and Prevention. So we are approaching almost seven months of the ever-increasing pandemic with higher infection rates in a multitude of other states outside of New York, especially those in the Carolina’s Georgia, Florida, Texas, and California. I am not sure how we can more effectively monitor and control those people coming in and at the same time maintain our extremely … (0 comments)
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I have been observing the current market and reading the 137 responses that I received from my previous column on Nov. 7. Although my survey isn’t comparable to any national survey via the Labor Dept. or any other government entity, it’s a small microcosm of the feelings of our local Long Island purchasing community who subscribe to my column.
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