sales: We Can Expect Good Things In The Housing Market This Spring - 03/15/19 02:22 PM
With the volume of sellers who held back from selling the entire winter, we can expect the inventory to climb up as more and more sellers join in and balance out the demand.
Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.
Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.
That hasn't happened this year.
Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates … (1 comments)

sales: Reasons Why Some Buyers Are More Interested In Existing Homes - 01/30/19 03:35 PM
Buying brand new things is always a delight, but recent surveys show that when it comes to buying homes, not all people prefer brand new units. This is good news to all homeowners who are thinking of moving out or upgrading.
According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase.
Below are … (0 comments)

sales: Positive Home Sales Projection Over The Next Year - 08/28/18 03:20 PM
We got good news for all homeowners who are planning on selling their homes. Studies show a steady increase of up to 0.2 in home sales over the coming year. If you're asking whether or not this is the best time to put your home up in the market, then take a look at the chart below.
As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best time to … (0 comments)

sales: Yonkers Residents:The Latest Threat to The Real Estate Market Recovery - 09/19/12 01:53 AM
Yonkers Residents:The Latest Threat to The Real Estate Market Recovery
A housing recovery may be under way, but there’s an obstacle that appears to be slowing down the rebound: the unusually high number of buyers who walk away from their contracts.
 
An average of nearly 18% of signed contracts on existing home sales were canceled during the three months ending July, according to data released this month by Capital Economics, an independent research firm. That’s the highest all year and the most since May 2010, when that figure reached 23%; in the five years before the housing slump started, the … (0 comments)

sales: Baby boomers consider next housing move - 09/12/12 12:02 AM
Baby boomers consider next housing move Many older baby boomers have been putting off moving for years now, due to weak housing markets, price declines and losses in their retirement accounts.
But as markets are beginning to recover, some may be unearthing their buried plans to downsize, move closer to their children or relocate to a warmer climate. Whether they ultimately make a move has a lot to do with their finances and where they live.
 
“I think people are sick of waiting,” said Jennifer Darby Metzger with ERA Justin Realty, in New Jersey. Even if conditions aren’t perfect yet, … (1 comments)

sales: Market Trend for December Yonkers- 10710 - 01/04/12 09:41 AM
The Following is The Market Trend for The 10710 Area of Yonkers Over the past 6 Months. As you can see the average list price for properties still on the market is $515,943. The average list price for properties sold was $480,566. The average sold price was $454,915. 94.7% of homes listed were sold. 
 

 
 
 
www.FreeNYHomeSearch.com
www.RummyRealEstate.com
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