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.
Skilled residential contractor workforce increased in August The U.S. economy produced just 235,000 new jobs in August, far below economists’ expectations of 725,000 jobs. It was the slowest month of growth since January 2021. Roughly one million jobs were produced in the months of both June and July. “There’s no question that the Delta variant is why today’s job report
Delightfully maintained and spacious two-bedroom Garden apartment in the center of Bayside. Great size bedrooms with tons of closet space. Prime location in Bayside within 7 minutes to Bay Terrace, 5 min to Bell Boulevard. Ample street parking with the Garage/lot parking option for a fee. Sandwiched between Auburndale And Bayside LIRR, Shops, Parkways, &
67-35 Yellowstone Boulevard #6U
Forest Hills, NY 11375
There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on
The inventory of unsold homes rose by 7.3% to 1.32 million from June to July Existing-home sales grew by 2.0% in July from the month prior, a report published by the National Association of Realtors on Monday found. But first-time homebuyers are still getting squeezed. Completed sales transactions for single-family homes, townhomes, condominiums and co-ops, represented a
As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are
Out-of-country buyers purchased only 107,000 properties in a 12-month span Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period, according to a new report from the National Association of Realtors. Though it’s undoubtedly COVID-related, the drop represents the fourth consecutive annual
The Treasury Department warned grantees that if they are unable or unwilling to effectively allocate funds, the money will be reallocated The Emergency Rental Assistance Program, created to help renters quash their missed payments, is disbursing the $46.5 billion allocated to the program at a snail’s pace. The month of July saw a mere $1.7
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
