Sell My House in Queens, Brooklyn, L.I | A Recession Does Not Equal a Housing Crisis

A Recession Does Not Equal a Housing Crisis

Some Highlights

• The COVID-19 pandemic is causing an economic slowdown.
• The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
• All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.

Are you looking to buy or sell?  we have the system that will work for you, 100% guarantee. Selling your home, we have the tools to help sell your home quickly, for cash and at the highest possible price.

When you hire us to sell your home, we’ll have access to the exclusive system that ensures your property is marketed online 24/7 through more than 450 of the most popular search engines with websites attracting thousands of investors and buyers as well in the area of NY, NJ, CT region.

Search All Homes For Sale Home Valuation Get an Offer in 24 Hours Market Report Seller Eguide		RossMery Mosquera Winzone Realty 917-515-9783 Licensed In: New York Contact Me
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Sell My House in Queens, Brooklyn, L.I | Equity Gain Growing in Nearly Every State

Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position.

Home equity is defined as the difference between a home’s fair market value and the outstanding balance of all liens on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value increases.

Today, the number of homeowners that currently have significant equity in their homes is growing. According to the Census Bureau, 38% of all homes in the country are mortgage-free.  In a home equity study, ATTOM Data Solutions revealed that of the 54.5 million homes with a mortgage, 26.7% of them have at least 50% equity. That number has been increasing over the last eight years.

CoreLogic also notes:

“…the average homeowner gained approximately $5,300 in equity during the past year.”

The map below shows a breakdown of the increasing equity gain across the country, painting a clear picture that home equity is growing in nearly every state.

Bottom Line

This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home.

Source…KCM Rossmery Blog

THE WHOLE DEAL: FROM HIRE US TO CLOSING

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TARGET & ATTRACT QUALIFY SERIOUS HOME BUYERS.

Not Those Who Will Only BUY Your Home If They Can Steal It by Making Ridiculous

Low-ball Offers!  WE PRE-APPROVE EVERY PROSPECT… visit cash4homesNY.com

For more information.

To connect with me directly,

Please call/text Rossmery 917-515-9783 or email nyhomeseller@gmail.com

Search All Homes For Sale Home Valuation Get an Offer in 24 Hours Market Report Seller Eguide		RossMery Mosquera Winzone Realty 917-515-9783 Licensed In: New York Contact Me
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Woodhaven North Just Listed! Multifamily Home Fully Detached.

84-05 90th St., Woodhaven, New York

Just Listed

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Presented By:

RossMery Mosquera

Winzone Realty
917-515-9783
Licensed In: New York

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• Schedule a Showing/Request Info

$ Click for current price
6 BEDROOMS | 3 Baths (2 full, 1 half ) BATHROOMS |

Great Location Fully detached 2 family home in Woodhaven North, Queens. The property offers  3 Bedrooms And A Full Bath On Each Floor. The Second Floor includes a Nice size balcony.  High Ceilings, Wood Floors Throughout, And A Fully Finished Basement With A Separate Entrance.   This home is Located just 1/2  block from Forest Park and two blocks to Jamaica Ave., Woodhaven Blvd Subway Station "J" train, Schools, Shopping & places of worship.  Will Not Last!!!

Toll-Free Number: 888-881-6801 / Short Code Text Number: 26713 Text 26713 to 25678 to receive all the photos, details, school information and more via text 24/7.

Not working with a real estate agent?

Then call us to get a $2,000 bonus if we show you and you buy this or any of the homes listed here. *See terms below.

*$2,000 offer is only available to purchasers not under contract with a real estate agent. Offer available for the purchase of this home only and valid if shown and bought through the listing agent.

Buying a House in Queens NY | First-Time Home Buyers Continue to Put Down Less Than 6%!

Buying a House in Queens NY | First-Time Home Buyers Continue to Put Down Less Than 6%!

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy

We are professional real estate agents in Queens County, NY. We can provide you with information about the local school districts, demographic data, and general information. We have been helping buyers like you find the home of their dreams in Queens County.

Queens, New York, NY real estate listings updated every day.

•Astoria	•Jamaica Estates	•Long Island City	•Sunnyside
•Forest Hills	•Kew Gardens	•Howard Beach	•Bayside
•Glendale	•Elmhurst	•Richmond Hill	•College Point
•Flushing	•Jamaica	•Brooklyn	•Long Island

Our topic today First-Time Home Buyers Continue to Put Down Less Than 6%!

Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.

Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong,

“The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying.

Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the largest gains. While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may be finally coming to [the] housing market.”

It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.

Bottom Line

If you are one of the many first-time buyers unsure of whether or not they would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!

A Look at Housing Stats

A Look at the Single Family Market

What Does this Data Mean?

Queens Homes for Sale

Source... KCM RossMery Blog http://nyhomesforsale.blog/

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To protect your interest, it is necessary that you have a knowledgeable agent working for you. Who is an expert in the local market and ensure that you make the best possible decisions?

We all are dedicated to keeping you on top of our local market. 

To reach us, please call/ text 917-515-9783

Or email us rossmery@nycteamrealty.com

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