Author: barthorowitz

Staten Island Realtors® Seek Your Help With 20th Annual ‘Adopt-A-Senior’ Initiative

STATEN ISLAND, N.Y. – The Staten Island Board of Realtors (SIBOR) will mark the 20th  chapter in its annual Adopt-A-Senior Program in December by bringing holiday joy to residents of local senior care facilities. Two residents of Carmel Richmond Healthcare and Rehabilitation Center, Dongan Hills, front row left, and standing third from right, are visited by SIBOR volunteers during a past holiday season. In the days leading up to the holidays, the goal is to deliver hundreds of personally requested gifts – donated by SIBOR members and caring Islanders – to Island seniors who are alone, mainly without family, friends...

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Buyer Demand Growing in Every Region

Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country. According to the latest ShowingTime Showing Index, “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.” Buyers clearly have the right idea, as mortgage rates have dropped over a full percentage point since the fall of 2018. They’ve hovered in a historically low range since this summer, making the overall cost of homeownership significantly more attractive and affordable. Here’s the breakdown of how ShowingTime reports current buyer...

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A Milestone for Staten Island Realtors, Global Real Estate Summit NYC

(Photo: Courtesy of the Staten Island Board of Realtors®) In the photo above, SIBOR leaders and representatives gather for a lunch break during the 13th annual Global Real Estate Summit NYC. The symposium, held at the New York Marriott Marquis, Manhattan, marked a major milestone Nov. 4, hosted for the first time by five major Realtor associations with a combined membership of more than 51,000 real estate professionals. Spotlighting international real estate business strategies, stories and successes, this year’s event was presented by Global Summit founder Staten Island Board of Realtors® (SIBOR), along with Hudson Gateway Association of Realtors®...

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Homeownership Rate Remains on the Rise

In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).” Today there is still a lack of inventory, particularly at the entry and middle-level segments of the market, but that is not stopping buyers from making every effort to pursue homeownership. The many financial and non-financial benefits continue to drive the American Dream and...

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75 Years of VA Home Loan Benefits

Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice. This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans. Facts About VA Home Loans: Nearly 24 million home loans have been guaranteed by the Veterans Administration.Nearly 82% of VA home loans are made with no down payment.The VA also provides grants to help seriously disabled Veterans...

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