Gary Ruffinelli Real Estate

04/29/2024

New listing in Paramus!

04/29/2024

Awesome new listing

04/24/2024

Beautiful Edgewater Townhome, boasting a NYC Skyline. 1.2M listing.

05/15/2023

The worst 2023 home price declines are already behind us. Nationally, prices are going back up and experts say that rise will continue in the years ahead. That means it'll be more expensive to buy if you wait. And, if you buy now, your home’s value, and your net worth, will likely grow over time. Let’s chat about why you shouldn’t give up on your dream of homeownership.

05/14/2023

One of the first steps in the homebuying process is getting pre-approved for a mortgage. Pre-approval helps improve your chances of buying the home that’s right for you by giving you an idea of what you can borrow, helping you set your budget, and letting sellers know your offer is serious. DM me to learn about other steps you can take to start your homebuying journey.

05/13/2023

Looking to for a Title company that is investor friendly. As an investor I have a few opportunities to work together.

05/13/2023

Why Today’s Housing Market Is Not About To Crash

There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.

>>It’s Harder To Get a Loan Now
It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies.

>>Unemployment Recovered Faster This Time
While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already...

There’s been some concern lately that the housing market is headed for a crash.

05/12/2023

The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happen with home prices, DM me to discuss if now’s the right time to jump back in.

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.

05/11/2023

The Best Time To Sell Your House Is When Others Aren’t Selling

If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.

Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market. In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April.

While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It’...

If you’re thinking about selling your house, you should know the number of homes for sale right now is low.

05/10/2023

The Impact of Inflation on Mortgage Rates

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.

While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year.

During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the ga...

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve.

05/09/2023

Foreclosure Numbers Today Are Nothing Like 2008

Today, foreclosure numbers are nothing like they were in 2008. Let’s connect if you have questions about what you see in the news about today’s housing market.

05/08/2023

Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you.