Showing posts with label Move-Up Buyers. Show all posts

Friday, January 3, 2020

Queens, Brooklyn, L.I | The 2020 Real Estate Projections That May Surprise You

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.

Today. We would like to talk to you about The 2020 Real Estate Projections That May Surprise You

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to mortgage rates, home sales, and home prices is incredibly valuable – and they may surprise you.

Mortgage Rates

Projections from the experts at the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac all forecast mortgage rates remaining stable throughout 2020:

Since rates have remained under 5% for the last decade, we may not fully realize the opportunity we have right now.

Here are the average mortgage interest rates over the last several decades:

1970s: 8.86%

1980s: 12.70%

1990s: 8.12%

2000s: 6.29%

Home Sales

Three of the four expert groups noted above also predict an increase in home sales in 2020, and the fourth sees the transaction number remaining stable:

With mortgage rates remaining near all-time lows, demand should not be a challenge. The lack of available inventory, however, may moderate the increase in sales.

Home Prices

Below are the projections from six different expert entities that look closely at home values: CoreLogic, Fannie Mae, Ivy Zelman’s “Z Report”, the National Association of Realtors (NAR), Freddie Mac, and the Mortgage Bankers Association (MBA).

Each group has home values continuing to improve through 2020, with four of them seeing price appreciation increasing at a greater pace than it did in 2019.

Is a Recession Possible?

In early 2019, a large percentage of economists began predicting a recession may occur in 2020. In addition, a recent survey of potential home purchasers showed that over 50% agreed it would occur this year. The economy, however, remained strong in the fourth quarter, and that has caused many to rethink the possibility.

For example, Goldman Sachs, in their 2020 U.S. Outlook, explained:

Bottom Line

Mortgage rates are projected to remain under 4%, causing sales to increase in 2020. With growing demand and a limited supply of inventory, prices will continue to appreciate, while the threat of an impending recession seems to be softening. It looks like 2020 may be a solid year for the real estate market.

« Get Your House Sold This Winter. 15 Seconds FREE Home Valuation

Source…KCM Rossmery Blog

THE WHOLE DEAL: FROM HIRE US TO CLOSING

Our Marketing Systems Are Design To

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

See More Properties

Thursday, December 26, 2019

Sell My House in Queens, Brooklyn, L.I | Year-Over-Year Rental Prices on the Rise

When you hire us to sell your home, we’ll have access to the exclusive a 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.

Today. We would like to talk to you about Year-Over-Year Rental Prices on the Rise

Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast,

“We expect rates to remain low, falling to a yearly average of 3.8% in 2020.”

If you’re currently renting, 2020 may be a great time to think about making a jump into homeownership while mortgage rates are low.

As noted in the National Rent Report,

“the national rent index increased by 1.4 percent year-over-year.”

With average rents on the rise, this year-over-year increase may not sound like much, but it can add up – fast. The math on how much extra it will cost you over time surely doesn’t lie.

Here’s an example: On a $1,500 rental payment, an increase of 1.4% adds an additional $21 dollars per month to your payment. When multiplied by the twelve months in a year, it’s a $252 overall annual increase. The price continues to multiply when you rent year after year, as rental prices rise.

History shows how average rental prices have been increasing each year, and there doesn’t seem to be much end in sight. Here’s a look at how rents have grown since 2012 alone:

Why not lock down your monthly housing expense, and at the same time build additional net worth for you and your family? If you’re thinking about buying a home, consider the financial benefits of what homeownership can do for you, especially while the market conditions are strong and current mortgage rates are low.

Bottom Line

With average rents continuing to rise, now may be a great time to stabilize your monthly payment by becoming a homeowner and locking into a low mortgage rate. Let’s get together to discuss how taking advantage of the current market conditions might work for you.

« Get Your House Sold This Winter. 15 Seconds FREE Home Valuation

Source…KCM Rossmery Blog

THE WHOLE DEAL: FROM HIRE US TO CLOSING

Our Marketing Systems Are Design To

TARGET & ATTRACT QUALIFY SERIOUS HOME BUYERS.

Not Those Who Will Only BUY Your Home If They Can Steal It by Making RidiculousLow-ball Offers! WE PRE-APPROVE EVERY PROSPECT… visit cash4homesNY.com

For more information connect with me directly,Please call/text Rossmery 917-515-9783 or email nyhomeseller@gmail.com

See More Properties

Monday, December 16, 2019

Sell My House in Queens, Brooklyn, L.I | December 2019: The Buyer Stakes Are High Because Inventory Is Low

Today. We would like to talk to you about December 2019: The Buyer Stakes Are High Because Inventory Is Low

The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes.

In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before finally going into contract on a home to call their own.

Right now, inventory is the big challenge. Here’s what we know today:

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.9-month supply of homes for sale, which can drive this kind of hefty buyer competition. Remember, anything less than 6 months of inventory is a seller’s market.

Even though the month’s supply of inventory is not increasing, ironically, the number of homes for sale is. This means homes are coming up for sale, but they’re being sold quickly. The graph below shows the year-over-year change in inventory over the last 12 months.

As depicted above, the percentage of available inventory has fallen for four consecutive months when compared to the previous year.

So, what does this mean? If you’re a buyer, be sure to get pre-approved for a mortgage and be ready to make a competitive offer, so you can move quickly. Chances are, homes high on your wish list are likely going to go fast.

Bottom Line

If you’re thinking of buying a home, make sure you’re taking the right steps at the beginning of the process, so you’re a top contender if you ultimately find yourself in a bidding war. Let’s get together to discuss what you need to do to make your move toward homeownership.

« Get Your House Sold This Winter. 15 Seconds FREE Home Valuation

Source…KCM Rossmery Blog

THE WHOLE DEAL: FROM HIRE US TO CLOSING

Our Marketing Systems Are Design To

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 connect with me directly,

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

See More Properties For Sale

Tuesday, April 9, 2019

Woodhaven North Just Listed! Multifamily Home Fully Detached.

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

Just Listed

Presented By:

RossMery Mosquera

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

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.

Saturday, April 28, 2018

Sell my Home In Queens NY | Buying a Home Is Cheaper Than Renting in the Majority of the US

Buying Myths, First Time Home Buyers, For Buyers,

Sell my Home In Queens NY | Buying a Home Is Cheaper Than Renting in the Majority of the US State?

New York City Real Estate Team helps you find the newest Queens real estate listings. By analyzing information on thousands of homes for sale in Queens, New York.

If you are selling a home in Queens or Brooklyn, selling a NY Condo or Coop or Selling a NY Property be sure to call Team Realty Real Estate for a Complimentary Queens or Brooklyn Home Valuation. If you are in the market to rent, we feature an extensive inventory of QUEENS HOUSES FOR RENT…

•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 Buying a Home Is Cheaper Than Renting in the Majority of the US State?

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.

The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

Average rent rose faster than income in 60% of counties
Average rent rose faster than median home prices in 41% of counties
While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.