Author: barthorowitz

HomeOwnership is a Common Goal of Many Americans

HomeOwnership is a Common Goal of Many Americans

Jan 20, 2020 | |

In 1963, Martin Luther King, Jr. led and inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: A piece of land, a roof over our heads, and a place where our families can grow and flourish. If you’re dreaming of buying a home this year, the best way to start the...

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Staten Island Board of REALTORS® Inducts 2020 President for Second Term

Staten Island Board of REALTORS® Inducts 2020 President for Second Term

Jan 16, 2020 | |

2020 SIBOR & SIMLS Leadership Team InstallationStaten Island Board of REALTORS® Inducts 2020 President Scott Setaro for Second Term; Leadership Team is Sworn InSandy Krueger Angelo Papplardo Frank Rizzo Michael BlasiRelevant Public Relations, LLC#Realestate #StatenIsland #HomeOwnership #SIBOR #RealtorsPosted by Staten Island Board of Realtors on Thursday, January 16, 2020 FOR RELEASE: THURSDAY, JAN. 16, 2020, and Thereafter Staten Island Board of REALTORS® Inducts 2020 President for Second Term Scott Setaro takes the oath for the second time as president of the borough’s largest professional organization STATEN ISLAND, N.Y. – Scott Setaro, broker/owner of Weichert, Realtors® Evolution Group was inducted as...

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Homes Are Now More Affordable

Homes Are Now More Affordable

Jan 15, 2020 | |

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home that matters — and this is true both on Staten Island and elsewhere in the nation. Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major...

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3 Important Aspects of the 2020 Luxury Housing Market

3 Important Aspects of the 2020 Luxury Housing Market

Jan 14, 2020 | |

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury market. Three Things to Think About in the 2020 Luxury Housing Market 1. Prices The U.S. economy is strong today, with buying opportunities throughout the luxury end of the market. Thomas Veraguth, Strategist at UBS...

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Study: Buying a Home Early Can Significantly Increase Future Wealth

Study: Buying a Home Early Can Significantly Increase Future Wealth

Jan 13, 2020 | |

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials.Our survey…finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current median homebuying age (33).” If these aspiring homeowners purchase at an early age, the Urban Institute study...

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