I WAS WATCHING A NEWS SHOW THIS MORNING AND HERE WE GO AGAIN, ANOTHER EXPERT REPORT ON THE HOUSING MARKET.WHAT A SURPRIZE!! WHEN WILL THE MEDIA GIVE IT A REST! HERES THE STRAIGHT SCOOP. YES, THERE HAS BEEN A SLOW DOWN IN HOME PURCHASES OVER THE PAST 9 + MONTHS. YES, THE HOUSING MARKET IN STATES SUCH AS CALIFORNIA, NEVADA, ARIZONA, FLORIDA AND PARTS OF MIDDLE AMERICA ARE HURTING .YES, THE HOUSING BOOM WE HAD EXPERIENCED WAS UNPRECEDENTED AND WAS DUE FOR AN ADJUSTMENT.
ALL THINGS BEING EQUAL, WE NEW YORKERS (STATEN ISLANDERS) CAN NOT AND SHOULD NOT BE BUNCHED IN WITH THE REST OF THE COUNTRY WE RESIDE IN A BOROUGH THAT IS A 30 MINUTES FREE FERRY RIDE TO THE HUB OF THE UNIVERSE ,"NYC".STATEN ISLAND REMAINS THE MOST ECONOMICAL BOROUGH AND IS CONTINUING TO GROW .. LETS APPROACH THE NY HOUSING MARKET W/ A DIFFERENT PERSPECTIVE.
WHEN THE HOUSING BOOM WAS IN FULL EFFECT, BUYERS JUMPED ON THE FIRST HOUSE THEY CAME ACROSS THAT MET THEIR NEEDS. THEY HAD TOO, THERE WERE FEWER HOUSES AVAILABLE, RATES WERE AT AN ALL TIME LOW AND LAXED LENDER GUIDELINES MADE IT SIMPLE TO ACQUIRE A MORTGAGE.
TODAYS HOUSING MARKET IS PRIMED WITH GREAT OPPORTUNITY. SELLERS HAVE REALIZED THAT THE DAYS OF LISTING AND GETTING AN ACCEPTANCE IN 24 HOURS ARE LONG GONE. THE ABUNDANCE OF INVENTORY MAKES THIS MARKET VERY EXCITING.BUYERS HAVE A MULTITUDE OF OPTIONS, BETTER HOME PRICING, MORE THAN A HANDFULL OF HOMES TO VIEW AND CHOOSE FROM, SELLERS THAT ARE MORE APT TO NEGOTIATE ETC. MORTGAGE RATES HAVE BEEN HOLDING STEADY AND HOUSING PRICES IN STATEN ISLAND HAVE STABILIZED. I CAN'T THINK OF A BETTER TIME TO JUMP IN AND MAKE THAT PURCHASE.
THE REWARDS OF HOME OWNERSHIP ARE GREAT. SECURE YOUR FAMILY'S FUTURE, BUILD EQUITY, RECEIVE TAX ADVANTAGES AND RIDDING YOURSELF FROM YOUR LANDLORD ARE JUST A FEW OF THE BENEFITS.
THE BEST TRANSACTIONS CAN BE MADE IN A SOFT MARKET! TAKE ADVANTAGE OF TODAYS OPPORTUNITIES.
REGARDS, RON MOLCHO ..MANAGING BROKER AT AMERICAN HOMES OF SI. 718-981-3400
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