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From 'Urb to 'Burb Blog

Thursday, May 16, 2019   /   by Vanessa Saunders

From the economists' crystal balls: Hudson Valley home prices may rise.

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.
However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward.
Here are three examples:
Mark Fleming, Chief Economist of First American

“Data on the movement of unadjusted house prices during the early spring home-buying season won’t be available for a few more months, but it’s quite likely that price appreciation will accelerate again.”

CoreLogic’s April “Home Price Insights”

“Home prices nationwide, including distressed sales, increased year over year by 3.7% in March 2019 compared with March 2018…The ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, hudson valley home owners, selling your home

Wednesday, May 15, 2019   /   by Vanessa Saunders

Four tips for making a competitive offer on your Hudson Valley dream home.

So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true!


Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration:


1. Determine Your Price and Get Pre-Approved By a Lender
“You’ve found the perfect home and you’re ready to buy. Now what? Your Global Property Systems local area expert will be by your side, helping you determine an offer price that is fair.”


Based on your agent’s key considerations (like similar homes recently sold in the same neighborhood or the condition of the house and what you can afford), your agent will help you to determine the offer that you are going to present.


Getting pre-approved by a lender wil ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, why work with a realtor, making an offer on a house, 'urb to 'burb, home inspections, vacation property, first time home buyer, hudson valley house, down payment

Tuesday, May 14, 2019   /   by Vanessa Saunders

New Research Shows Housing Is Affordable For First-Time Hudson Valley Home Buyers

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.

The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.

NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only the transactions reported by members who complete the survey.

The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding three years.”

This means the AEI measurement also includes former homeowners who transitione ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, housing sales, 'urb to 'burb, first time home buyer

Monday, May 13, 2019   /   by Vanessa Saunders

Flooding and your home owners insurance: A Cautionary Tale

We seem to constantly see stories on the nightly news of all those unfortunate people in the south eastern United States suffering flooding from all the rain we've had this year. Some Hudson Valley homes have been affected by the wet weather as well, though not so dramatically as in the south. 





Having a flooded home is a terrible disaster no matter how you look at it. We know because our home on the Hudson River in Piermont, NY was flooded in Hurricane Sandy. That experience taught us some hard lessons on the subject of home flood insurance protection. In particular, we learned the definition of a basement and what it meant to our insurance coverage. 





Our home was built into a slight hillside. The main level, which comprised our living room, a full bath, dining room, kitchen and breakfast nook were all slightly below grade. That is, about two feet below the level of the street in the front, and about four feet below in back. That depth into t ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, 'urb to 'burb, hudson valley living, hudson valley house

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.

image001.png 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.