Author: barthorowitz

5 Reasons to Sell Your House This Summer

Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index  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 for the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing inventory is still under the 6-month supply needed for a normal housing market. This...

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Gen Xers, It’s Time to Buy Your Dream Home

During the housing market crash, Gen X homeowners — Americans born between the mid-1960s and the early-1980s — lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth. According to Pew Research Center, “Their fortunes have rebounded more than those of other generations during the post-recession economic expansion and as home and stock prices have risen. Since 2010, the median net worth of Gen X households has risen 115%. In fact, in 2016, the most recent year with available...

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3 Reasons You Shouldn’t FSBO

Selling your home involves a lot of work and can quickly become a complicated process. Real estate agents are the experts that can help guide you through! Before you decide to FSBO, get together with a Staten Island real estate professional, a Realtor member of the Staten Island Board of Realtors® (SIBOR). Watch Video: 3 Reasons You Shouldn't FSBOSelling your home involves a lot of work and can quickly become a complicated process. Real estate agents are the experts that can help guide you through! Before you decide to FSBO, get together with a #StatenIsland #RealEstate professional, a Realtor member of...

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3 Things You Need to Know –Right Now — About the Housing Market

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: Some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: Interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here...

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Should You Be Renting or Buying?

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy a home? Let’s look at both scenarios and analyze the pros and cons of each: Renting With the housing market crash in 2008, many homeowners lost their homes and became renters. According to Iproperty Management, “the number of households renting their home … rose from...

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