new york real estate experts: Food for thought: How To Think Sharp This 2016! - 01/25/16 05:03 AM

To keep you sharp and smart in 2016, be sure to remember these tips:1. Get The Blood FlowingIn a 2014 study at the University of British Columbia, women who walked briskly for an hour twice weekly for six months—but not those who strength-trained or did no exercise—increased brain volume in the areas that control thinking and memory.2. Eat Your GreensA team of researchers with the federally funded Nurses’ Health Study tracked 13,388 women over decades and discovered that the more leafy vegetables they ate, the better they performed on learning and memory tests. That might be due in part to folic … (2 comments)

new york real estate experts: Getting A Mortgage? This is a Must Read! - 01/22/16 12:15 AM

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:
§ 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
§ 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
§ 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required
To help correct these misunderstandings, let’s take a look at the … (0 comments)

new york real estate experts: 5 Reasons You Need To Hire a Professional when Buying or Selling! - 01/19/16 04:05 AM

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.
1. What do you do with all this paperwork?Each state has different regulations regarding the contracts required for … (1 comments)

new york real estate experts: Is it a good time to Rent? - 01/13/16 12:38 AM

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: A recent Wall Street Journal article reports that rents rose “faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.”  The article also cited results from a recent Reis … (1 comments)

new york real estate experts: A Fact About Our Brains - 01/11/16 11:30 PM

In 1907, famed psychologist William James claimed, “We are making use of only a small part of our possible mental and physical resources.” A journalist later misquoted him as saying the average person develops on 10% of his mental capacity. Scans, however, show that we use every part of our brain, though not all regions are active at once. That’s why damage to any area of the brain—like what happens during a stroke –usually results in mental and behavioral effects.Playing classical music to infants makes them smarter.The state of Georgia began distributing classical-¬music CDs to the families of newborns in 1998. … (1 comments)

new york real estate experts: The American Dream of Home Ownership is Still Very Much Alive - 01/04/16 02:14 AM

In a recent post, Trulia examined whether homeownership was again being seen by adults in the US as a “part of their personal American Dream.” Over the last five years:
§ The percentage of U.S. adults who believe homeownership is part of their American Dream increased from 70% to 75%
§ The percentage of 18-34 Year-olds who believe homeownership is part of their American Dream increased from 65% to 80%
Here is a graph of the survey over the last five years:
Bottom LineAs the housing industry recovers from the crisis of 2008-2010, Americans belief in homeownership as part of their own personal American Dream has also made a strong … (0 comments)

new york real estate experts: What you need to know on Interest Rates & Housing Market - 12/01/15 03:28 AM


Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed:
“The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates haven’t been that high since the recession.”
How can this impact the housing market?The article reported that recent analysis from Realtor.com found that -
“…as many as 7% of people who applied for a mortgage during the first half of the year would have had trouble qualifying if rates rose by half a percentage point.”
This doesn’t necessarily mean that those buyers … (0 comments)

new york real estate experts: Celebrating Veterans Day Around the World - 11/10/15 03:06 AM

On the 11th hour of the 11th day of the 11th month of 1918, an armistice, or temporary cessation of hostilities, was declared between the Allied nations and Germany in the First World War, then known as “the Great War.” Commemorated as Armistice Day beginning the following year, November 11th became a legal federal holiday in the United States in 1938. In the aftermath of World War II and the Korean War, Armistice Day became Veterans Day, a holiday dedicated to American veterans of all wars.
The Great War and Armistice
 
Though the Treaty of Versailles was signed on June 28, 1919, November … (1 comments)

new york real estate experts: Housing & Hispanics: The Next Decade Demand - 10/28/15 05:39 AM

The Mortgage Bankers’ Association (MBA) recently released a report: ‘Housing Demand: Demographics And The Numbers Behind The Coming Multi-Million Increase In Households’. In this study, the MBA “utilized a comprehensive analysis of data from 1976 to 2014, a period encompassing several market and housing cycles, to provide a projection of much stronger housing demand over the next decade.” According to the report:
“by 2024, demographic and economic changes will bring what could be one of the largest expansions in the history of the U.S housing market with 13.9 million additional households.”
But, what did they say about the Impact of the Hispanic community?
The … (0 comments)

new york real estate experts: Take Control of your Life... Success is a choice. - 10/26/15 05:03 AM

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.” ― Bill Gates
 
Taking control of your life is a choice. A lot of people don’t really stop to think about it, but it’s true. Believe it or not, you choose how you live your life. You might choose to do what is going to lead you to success, or you might choose to waste your time letting naysayers and negative people drag you down—but either way, it is you who makes the choice.
 
This can be a surreal realization. To realize that you can literally choose success is a pretty … (15 comments)

new york real estate experts: Halloween’s Origin - 10/23/15 04:51 AM

How did Halloween begin?
The holiday traces back to the ancient Celtic festival known as Samhain. The ancient Celts from Britain and Ireland observed the start of the new year on November 1, All Souls Day. The day marked the end of summer and the harvest. Folks came to believe that on October 31, the worlds of the living and dead overlapped before the start of the new year. October 31 became All Hallows Eve, a time where the ghosts of the dead could return to destroy the harvest that was stored for winter. People set bonfires on hilltops to ward … (2 comments)

new york real estate experts: Why So Much Paperwork for a Mortgage? - 10/22/15 07:02 AM

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.
The … (0 comments)

new york real estate experts: Why Buying a Home is Less than Renting! - 10/21/15 05:54 AM

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!
The other interesting findings in the report include: Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation. “In the past year, these two trends have made homeownership even more affordable compared … (0 comments)

new york real estate experts: Does the Holidays Pressure & Stress You Out? - 10/19/15 05:16 AM

As fall begins, a lot of us are starting to think about the holidays. Thanksgiving will be here soon, as will Christmas, and then New Years. 
 
For a lot of people, these holidays equal one thing—stress. According to a recent survey, Christmas is actually rated 6th on the list of ‘most stressful life events’, being right up there beneath moving, divorce, changing jobs, and other equally stressful situations. 86% of people also said that they found buying presents difficult, and 65% said that shopping for Christmas presents was, in itself, a stress-filled experience.
 
But why are the holidays associated with so much negativity?
 
A big … (2 comments)

new york real estate experts: Is It Now Easier to Qualify for a Mortgage? - 09/24/15 09:01 AM

There has been a lot of talk about how difficult it is to get a home mortgage in today’s lending environment. However, three recent reports have revealed that lending standards are beginning to ease. This is great news for both first time buyers and current homeowners looking to move or buy a second vacation/retirement home. Let’s look at the three reports:
The MBA’s Mortgage Credit Availability Index This index, issued by the Mortgage Bankers’ Association, measures the availability of credit available in the home mortgage market. A decline in the MCAI indicates that lending standards are tightening, while increases in … (0 comments)

new york real estate experts: Successful People's 5 Motivational Secrets - 09/21/15 04:00 AM

Some make success look easy but the truth is that when a person who has reached the brass ring is noticed it’s only after the most difficult steps have been traversed, and not when they are struggling, which all people who have worked hard have done.
 
Luckily for those who want to follow in their footsteps, the secrets to success are not secrets at all. In fact, there are five things that all successful people do in order to achieve their dreams.
 
1. Successful people take responsibility for their actions and inaction
 
Have you ever wished for success but never put forth the hard … (1 comments)

new york real estate experts: 5 Good Reasons Why You Should Sell Now! - 07/27/15 05:52 AM

As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons that you should list your house for sale now.
1. Strong Buyer DemandFoot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are significantly more prospective purchasers currently looking at homes than at any point in the last two years! These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the market.
2. There Is Less Competition … (0 comments)

new york real estate experts: How willing are you to help others? - 07/22/15 02:10 AM
Several weeks ago, a man eating at Qdoba captured video of an employee helping a customer with a disability eat her lunch, WAVE 3 reported.
 
Ridge Quarles, who works at a Qdoba in Louisville, says he got to know a customer with a disability who often comes to the fast-food chain for lunch, WAVE 3 reported.
 
After Quarles helped the woman through the order line he asked if she needed anything else.
 
"She turned around and she was like, 'Sir, if you don't mind could you help me eat?' " he told the organization.
 
A bystander named David Jones watched the employee help the woman … (1 comments)

new york real estate experts: Whats Hot and Trending in Kitchen Innovation! - 07/17/15 06:33 AM
 
Kitchen trends may come and go, but one thing never changes: Whether you’re whipping up a four-course gourmet meal for 12 or reheating a slice of pizza, this room is the heart of the home. In fact, the kitchen’s multipurpose role as a place to entertain friends, tackle homework and school projects, answer emails, or just hang out with the family is on the upswing, according to local kitchen experts like Jason Landau, a professional interior designer with a master’s in architecture and owner of Amazing Spaces in Briarcliff Manor. 
Perhaps the strongest trend in kitchen design is the open floor plan, … (2 comments)

new york real estate experts: Question: Sell my Home? or Rent it?? - 07/13/15 03:15 AM

The results of Fannie Mae’s June 2015 National Housing Survey, were just released showing that more and more homeowners are warming up to the idea that now may be a great time to sell their home. The amount of respondents that stated that now is a good time to sell rose three percentage points to a survey high of 52%; which may translate to a healthier market as more homes are listed in the coming months. At the same time “the percentage of respondents who expect home rental prices to go up rose to 59% – a new survey high.” Doug Duncan, senior vice president and chief economist … (0 comments)

 
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Rummy Dhanoa

Bronx, NY

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