Author: barthorowitz

Most Staten Island Realtors Show Strong Interest in Global Transactions

FOR IMMEDIATE RELEASE: FRIDAY, SEPT. 25, 2020 Most Staten Island Realtors Show Strong Interest in Global Transactions STATEN ISLAND, N.Y. – The results of recent global-related survey of  Staten Island Board of REALTORS® (SIBOR) members highlighted a growing interest among Island Realtors in working internationally.   The real estate professionals were asked about their country of origin; languages spoken in addition to English; if they have worked with foreign or recent immigrant buyers and/or sellers; if they market themselves and/or properties globally; if they hold the designation of Certified International Property Specialist (CIPS), and if they are interested in...

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The Growing Equity in Your Home Offers Opportunities

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market. According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic: “U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since...

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Home Builder Confidence Hits All-Time High

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes. As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back. Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country: The Northeast increased 11 points...

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FOR IMMEDIATE RELEASE: MONDAY, SEPT. 21, 2020 Island’s Realtors® to Host ‘Top Producers’ Awards Ceremony Oct. 2 Staten Island Board of Realtors® had previously postponed the annual event due to the Coronavirus (COVID-19) pandemic Staten Island, N.Y. – The Staten Island Board of Realtors® (SIBOR) will be hosting an awards ceremony to honor its best-achieving members of 2019. Weather permitting, the “Top Producers” event will follow COVID-19 safety guidelines during an outdoor awards presentation Oct. 2 at the Hilton Garden Inn, Bloomfield. Should weather conditions make the outdoor event impractical, the ceremony, sponsored by Freedom Mortgage, will be hosted...

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Housing Momentum Continues to Build

Earlier this year, announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activityHome Price – Growth in asking pricesHousing Supply – Growth of new listingsPace of Sales – Difference in time-on-market The index compares the current status “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index...

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