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08/17/2023

Fewer Homes for Sale Than Pre-Pandemic

08/13/2023

Data shows New York is the second most expensive place to be a homeowner
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According to a study conducted by NewJerseyRealEstateNetwork.com, California and New York are the most expensive states for homeowners, with 28.84% and 24.8% of median incomes going towards housing costs respectively. At the opposite end of the spectrum, West Virginia is the state with the lowest ho...

07/31/2023

US Homebuilder Sentiment Surges

Trudy Fagan is a real estate agent with Cornerstone Realty Associates. Check out Trudy Fagan's listings or office listings.

07/30/2023

How high will mortgage rates climb? Experts weigh in
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Mortgage rates have been high for some time and are currently the highest they have been this year. Experts predict that rates could reach or exceed October's high of 7.2%, but will not go astronomically higher than that. The Fed is likely entering the later stages of its interest rate hiking cycle....

07/13/2023

Spring Home Buying Tips

Trudy Fagan is a real estate agent with Cornerstone Realty Associates. Check out Trudy Fagan's listings or office listings.

07/04/2023

City Postpones Enforcing Short-Term Rental Law
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The city of New York has postponed the enforcement of Local Law 18, which requires hosts on Airbnb and other home-sharing platforms to register their short-term rentals, from next month to September 5th. Airbnb, who had filed two lawsuits against the city, celebrated the decision and is looking ahea...

06/25/2023

Mortgage Rates Continue to Rise in the U.S.
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Freddie Mac's Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage rate has increased to 6.79% and the 15-year fixed-rate mortgage rate has increased to 6.18% as of June 1, 2023. This is due to the current buoyant economy and the likelihood of a Federal Reserve rate hike. Sign u...

06/17/2023

NYC Council passes legislation expanding rental assistance
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The NYC Council has passed legislation that will expand rental assistance and help house more New Yorkers. This includes ending the 90-day shelter rule as a qualification for a rental assistance voucher and expanding the number of people eligible for the vouchers. The bills will also lower the amoun...

06/13/2023

06/10/2023

Jumbo vs. Conventional Mortgages: What's the Difference?
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Jumbo mortgages are much larger than conventional mortgages and are used to finance high-priced properties, usually in the millions. These nonconforming loans generally exceed the maximum conforming loan limit set by the Federal Housing Finance Agency (FHFA) and cannot receive backing from Fannie Ma...

05/30/2023

Tiny Homes Market Research | 2023-2030
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The Global Tiny Homes market is expected to grow significantly between 2022 and 2030 due to the rising adoption of strategies by key players. Tiny homes are full-fledged dwellings on a small scale that have a smaller eco-footprint than conventional homes. In 2021, the market is projected to be worth...