Buying a home is an exciting experience, but it can feel a bit overwhelming if you don’t have the right information. Check out these helpful resources about the home buying process. When you’re ready, give Team Garcia NYC a call at 646-779-7200 to tour available homes in the Queens County, Brooklyn, East Elmhurst , Laurelton and Valley Stream areas.
One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes
Mortgage rates have stayed below 3% for most of 2021, in part because of aggressive monthly asset purchases by the Federal Reserve The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending on August 26, according to mortgage rates data released Thursday by Freddie Mac‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%.
There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens
After closing on your new home comes the excitement of planning where to put all your belongings. Which room is right for your comfy recliner? Which will be best to feature your favorite piece of artwork? Before you start unpacking your belongings, there are several tasks you should consider completing before moving day. These jobs
Three are still not enough houses to buy For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 —
Purchasing a home is a huge decision, perhaps the biggest one of your life. This can come with many anxieties and uncertainties. Questions might flood your mind such as: What am I really looking for? Am I over-paying? Is this a good location? All of these questions and concerns are normal for a home-buyer. These
The process of buying a home at times seems daunting to many potential homeowners. Maybe, you have saved enough money, or after serious soul-searching, you have decided to get a mortgage loan to buy a house. The questions many people ask themselves is whether they will get a home worth their money, and if the
