buy: Owning A Home Is Still Part Of The American Dream - 02/01/19 02:49 PM
Regardless of which generation they belong to the majority of Americans still believes that homeownership still plays a big part in the American Dream and we couldn't agree more.
In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that:
"After two years of no change, the share of Americans who say that homeownership is part of their personal "American Dream"ticked up from 72 percent to 73 percent of Americans."
At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained:
"For both homeowners and … (2 comments)

buy: Stay On Top Of Shifting Real Estate Market - 01/31/19 02:59 PM
Even calm waters have a lot going underneath, needless to say, shifting real estate market are caused by a myriad of different driving factors. Here are 3 things you need to know to stay on top of it.
1. What is happening in the housing market right now?
Consumers must get past those fear-mongering headlines and gain a deep understanding of what is truly happening. How strong is buyer demand right now? How much competition do listings have today compared to what they will have in the spring? People want to make an educated decision on what is probably their family's … (1 comments)

buy: When Is the Best Time To Put Your House On The List? - 01/18/19 10:38 AM
When it comes to selling, one of the biggest thing we have to consider is competition as strict competition almost always ensures sellers get less than their intended price. Here's a graph on the number of listing by month.
In a recent interview discussing the housing market, First American's Chief Economist Mark Fleming put it simply:
"The biggest challenge is really the availability of supply."
When we look at available inventory numbers released by the National Association of Realtors (NAR), we see that the actual number of homes for sale has decreased in each of the last five months.
What does this … (1 comments)

buy: Is The Interest Rate Dip Staying For Good? - 01/17/19 12:10 PM
It's safe to assume that the mortgage interest rate is on a downward path. But nothing is ever certain when it comes to the real estate industry as there are just too many driving factors that move the scale with its own individual weight. That's why we constantly rely on expert analysis and forecast to have an educated guide for our decision-making process.
After the first week of 2019, rates have continued their downward trend. As Freddie Mac's Chief Economist Sam Khater notes, this is great news for homebuyers. He states,
"Mortgage rates declined to start the new year with the … (0 comments)

buy: Tips To Get The Most Money From Your Home Sale - 01/16/19 03:30 PM
If you're planning on selling your house this year and want to get the best out of your selling experience. We recommend you follow these two simple tips to avoid unnecessary sales costs.

1. Price it a LITTLE LOW
This may seem counterintuitive, but let's look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).
Instead of the seller trying to 'win' the negotiation with one buyer, they should price … (0 comments)

buy: Homeownership Is Still Part Of The American Dream - 01/11/19 02:54 PM
Yes, the majority of Americans still believe that homeownership is still one of the best investments out there. We talked about how owning a home improves your family's net worth and all other benefits that come with it in our previous articles.
These numbers below prove them right. An end-of-the-year survey by the Federal Reserve Bank's Center for Microeconomic Data revealed that:
"The majority of households continue to view housing as a good financial investment."
And that percentage has increased over the last three years.
Though there is some uncertainty as to how the real estate market will perform over … (0 comments)

buy: Things To Lookout For Before Entering The Market This Year - 01/10/19 03:10 PM
We all can get a little too excited when planning to make a big purchase. So, to make sure you won't miss out on important trends before you enter the market this year, have a read on this and be in the know.
Interest Rates
Mortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end of the year. According to Freddie Mac's latest Primary Mortgage Market Survey, rates climbed to 4.94% in November before falling to 4.62% for a 30-year fixed rate mortgage last week.
Despite the recent drop, interest … (1 comments)

buy: Is It Worth To FSBO? - 01/09/19 03:36 PM
There are a lot of things that could go wrong when selling a house. Things that would often leave sellers with unsold houses along with wasted time money and effort. Today let's talk about some of the things that FSBO comes along with.
Here are the top five reasons:
1. Exposure to Prospective Buyers
According to NAR's 2018 Profile of Home Buyers and Sellers, 95% of buyers searched online for a home last year. That is in comparison to only 13% of buyers looking at print newspaper ads. Most real estate agents have an Internet strategy to promote the sale of … (1 comments)

buy: Hacking Mortgage Interest Rate - 01/04/19 02:27 PM
Paying off mortgages takes time, but it's helpful to know that there are ways to shorten your mortgage payments by months or even years. Here are some ways to help you beat the loan clock legitimately and save thousands of dollars in the process.
Any additional payments to the principal amount (the original sum of money borrowed in a loan), helps to cut down the amount of interest that you will pay over the life of your loan and can also help to shave years off the loan as well. When you make 'extra' payments toward your loan, the key is … (1 comments)

buy: It's Not Always About The Price - 01/03/19 03:15 PM
Despite being one of the biggest decision drivers, the price of a home for sale is often overlooked when all the other factors aligned. Values are perceived by buyers differently and could arguably be the true defining factor for a buyer to make a decision.
1. Owning your home offers stability to start and raise a family
From the best neighborhoods to the best school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home that they purchase.
2. There's no … (2 comments)

buy: Why We Don't Need To Worry About Another Housing Crash In 2019 - 01/02/19 02:44 PM
In our previous posts, we have shown why we believe we are far from another housing crash in 2019. Here's a few more reasons to put your mind at ease.
1. There are fewer foreclosures now than there were in 2006
A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at a discount and, in many cases, lowered the values of adjacent homes. We are ending 2018 with foreclosures at historic pre-crash numbers -much fewer foreclosures than we ended 2006 with.
2. Most homeowners … (0 comments)

buy: Owning A Home Is Still A Part Of The American Dream - 12/28/18 03:54 PM
If you're planning on selling your house, there is no better time than now. This fact is known to many, therefore, it's only wise to think that the market will be competitive and make the necessary preparations. Here's what you need to know to be on top.
One of the big reasons why inventory has remained so low for so long is that an entire generation of home buyers is finally buying! The millennial generation (ages 19-35) has been the driving force behind bidding wars in many areas of the country as they ditch their renter lifestyles and put down roots … (1 comments)

buy: 5 Reasons Preventing Homes Sales In Strong Markets - 12/27/18 03:37 PM
If you're a seller who has experienced an expired listing contract. If you're wondering why others sellers are able to sell their houses successfully and you're being left out. Or thinking of selling your home and don't want to end up like the ones mentioned above, then you definitely have to read this.
Below are the 5 most common reasons why a listing contract will expire:
1. The Price
Sometimes when the market is hot, homeowners attempt to set their listing price higher. Their hope is that a motivated buyer will be willing to pay any price for a house … (0 comments)

buy: 5 Motivators To Encourage You To Sell This Winter - 12/26/18 12:06 PM
Some may see it as counter-intuitive to list their homes up for sale in the market this winter. The season actually holds some advantages, these are 5 great reasons to sell.

1. Demand Is StrongThe 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 market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There … (0 comments)

buy: One Good Reason To Think Twice About Renting - 12/21/18 03:02 PM
Buying your own home can be intimidating and requires a lot of preparation, on top of this; we all have our own personal reasons why we chose renting over owning a home. According to our trusted source, there's about 74% of renters planning to own a home in the future. We totally agree, and for one good reason, rising rental cost is upon us.
According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!
When those same renters were asked … (1 comments)

buy: One Of The Best Reason To Own A Home - 12/20/18 03:40 PM
Unbeknownst to many, homeowners increase their family's overall net worth simply by paying off their monthly mortgage. Unlike like with renting where you merely put your money out for time used, homeowners get a positive kickback from their monthly payments through home equity.
Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).
The latest data from their Q4 2018 Survey revealed that home prices are expected to round … (1 comments)

buy: Mortgage Standards Keeping the Industry in Check - 12/19/18 03:40 PM
Many have been wondering whether the next crash is just around the bend. We can't blame them, given the trauma the last big one has left us. No need to fret, as there are only clear skies on the horizon, all thanks to the loose but fair market standards we have today.
As it becomes easier for buyers to obtain mortgages, many are suggesting that this is definite proof that banks are repeating the same mistakes they made a decade ago. Today, we want to assure everyone that we are not heading to another housing "bubble & bust."
Each month, the … (0 comments)

buy: The Disadvantage Of Stalling Your Home Purchase - 12/18/18 03:32 PM
Although we have seen the reports, analyzed the forecasts and enjoyed the projections of a stabilizing market of the real estate industry across all states. One thing that buyers should be concern about is the projected mortgage interest rate increase by the Q4 of next year.
The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic's most recent Home Price Insights Report, home prices will appreciate by 4.8% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by … (1 comments)

buy: Will there be a Repeat of 2008 Next Year? - 12/17/18 03:49 PM
Back then, before the historic real estate bust in 2008, homeowners used their house as like ATMs through a method now known as "Cash-out Refinances". This basically turned their equity into cash leaving most owners with little to no equity in their homes. When the prices started to fall, many found their houses in a negative equity situation so they stopped paying their mortgages altogether. This time around, homeowners are being careful and more responsible. Today, the equity situation is totally different.
According to a new report from ATTOM Data Solutions more than 1-in--4 homes with a mortgage have at least … (0 comments)

buy: Another Good Example Why Owning A House Is Better Than Renting - 12/13/18 08:55 AM
As we pointed out in countless of our previous posts, there is a lot to gain from owning a home than renting. Today let us take a closer look on one of them; we have collected reports and surveys from the best sources proving the net worth of a homeowner is over forty times greater than that of a renter.
 
The study revealed that the median net worth of a homeowner was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal … (0 comments)

 
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Rummy Dhanoa

Rummy Dhanoa Real Estate Experts

Eastchester, NY

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Rummy Dhanoa Real Estate Experts

Address: 760 White Plains Rd, Scarsdale, ny , 10583

Office: 9147(133) 270-1111

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