Author: barthorowitz

Holidays Help Unite All Americans

The Staten Island Board of Realtors® is an association that embraces all backgrounds, histories, and cultures that contribute to the fabric of our nation. As we near July 4th,  it comes to mind that holidays underscore major milestones, or deserving people, in U.S. history. Such commemorative days should serve to remind us we are all Americans – unified in our responsibility to look out for each other – every day of our lives. The recently observed holiday of Juneteenth, for example, is a reminder of General Gordon Granger arriving in Galveston, Texas, June 19, 1865, announcing the end of...

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Many Economists are Optimistic About the Second Half of 2020

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year?  Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s a look at what some experts have to say about key areas that will power the industry and the economy forward this year: Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association “The recovery in housing is happening faster...

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SIBOR’s Summer 2020 Home Sellers Guide

Reading SIBOR’S “Summer 2020 Home Sellers eGuide” is a great way to learn more about what’s most important in today’s real estate market. The Guide is free — and it’s available now! Look through the publication and connect with a Realtor member of the Staten Island Board of Realtors® (SIBOR) so you can feel confident when buying a home. Click here to view or download the...

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SIBOR’S Summer 2020 Home Buyers Guide

Reading SIBOR’S “Summer 2020 Home Buyers eGuide” is a great way to learn more about what’s most important in today’s real estate market. The Guide is free — and it’s available now! Look through the publication and connect with a Realtor member of the Staten Island Board of Realtors® (SIBOR) so you can feel confident when buying a home. Click here to view or download the...

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Experts at Odds Over Direction of Home Prices

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: Calculate the supply of that item in ratio to the demand for that item. In housing right now, demand far exceeds supply. Mortgage applications to buy a home just rose to the highest level in 11 years while inventory of homes for sale is at (or near) an all-time low....

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