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From 'Urb to 'Burb Blog

Friday, January 18, 2019   /   by Vanessa Saunders

Last Chance! Hudson Valley Homes are a Bargain Compared to Historic Norms

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase.
The reason we can still afford to consume is that our wages have also risen over time. The better measure of whether an item is more expensive than it was before is what percentage of our income it takes to purchase that item today compared to earlier. Let’s look at purchasing a home.
The COST of a home is determined by three major components: price, mortgage interest rate, and wages. The big question? Are we paying a greater percentage of our income toward our monthly mortgage payment today than previous generations? Surprisingly, the answer is no.
Historically, Americans have paid just over 21% of their income toward their monthly mortgage payment.
Though home prices are higher than before, wages have risen as well. And ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, housing sales inventory, orange county ny, westchester county, rockland county, ulster county, mortgage rates, sullivan county, manhattan, financing

Wednesday, January 16, 2019   /   by Vanessa Saunders

Hey Millennials: Buying A Hudson Valley Home When You're Young Is The Key To Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set.

“Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.”

The full breakdown is in the chart below:

The study goes on to show the impact of purchasing a home at an early age. Those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-twenties and early-30s had close to $50,000 left, but traditionally had purchased more expensive homes.

Many housing experts are concerned that the home ownership rate among mil ...

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  hudson valley real estate, hudson valley property, hudson valley home, home investment, buying a home, buying vs renting, making an offer on a house, retirement

Wednesday, January 16, 2019   /   by Vanessa Saunders

There is a SHIFT happening in the Hudson Valley real estate market.

Hudson Valley housing inventory is up year-over-year for the first time in three years which means that home price appreciation will likely begin to slow. If you're looking to buy or sell a home, now is still a great time! Let's get together today to go over what this shift in the market means for you.

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  hudson valley real estate, hudson valley property, hudson valley home, home investment, housing sales, housing sales inventory, hudson valley home sellers, selling your home

Monday, January 14, 2019   /   by Vanessa Saunders

Your 365-Day Mortgage Rate Forecast for 2019: Where will rates in the Hudson Valley be this year.

If you plan on buying a home in the Hudson Valley of New York this year, it doesn't make sense to wait! Mortgage interest rates and home prices are both projected to increase significantly throughout 2019. Get in touch with our preferred lender, Barry Goldenberg of Luxury Mortgage and start your search for a new home here.

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, housing sales inventory, mortgage rates, buying vs renting, mortgage

Friday, January 11, 2019   /   by Vanessa Saunders

How much your home has increased in value? (A video!)

During 2018, home values increased nationally by over 5%! If you are planning on selling your home in 2019 you may be pleasantly surprised by how much your home has appreciated! Every market is different. Let's get together if you are curious just how much your home has gone up in value! Contact a Global Property Systems REALTOR® to help you sell your home in the Hudson Valley.

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  hudson valley real estate, hudson valley property, hudson valley home, home investment

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

 photo farmhill_zpscf14aff1.pngThe data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Global Property Systems Real Estate are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Global Property Systems Real Estate are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2019 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.

The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.

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