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Housing Sales Inventory | From 'Urb to 'Burb Blog

Tuesday, May 12, 2020   /   by Vanessa Saunders

Buying a house isn't impossible. It only looks that way.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Social distancing and unessential businesses aside, it is still possible to sell or buy a house in the Hudson Valley. Even though we are restricted in how we go about it, we have transacted real property throughout the pandemic shutdown within the parameters of viral quarantine. You can still buy or sell a house.
The Facts
People are listing their homes for sale every day. Lawrence Yun, chief economist for the National Association of Realtors estimated this spring would see a 10% drop in home sales. Ten percent is a big number nationally. But the Hudson Valley is uniquely positioned to be highly sought after by New York City buyers looking for a way out of the city, either temporarily or permanently.
Besides that, a 10% loss means that 90% of transactions which would have happened without the shutdown will still happen. Why? Because the real estate industry is adapting to the new normal. More agenci ...

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  hudson valley real estate, hudson valley home, buying a home, hudson valley home sellers, 'urb to 'burb, selling your home, housing sales inventory, mortgage rates, first time home buyer, mortgage, bidding war, the economy

Thursday, April 30, 2020   /   by Vanessa Saunders

Keep thousands more when you sell your house.

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
April 30, 2020
Congratulations! If you are thinking about selling your house this year, you’ll probably get more for it than you paid. It’s going to be another seller's market, with a shortage of homes to buy and lots of buyers competing with each other to win a bidding war. You’re one smart seller.
You may be worried about capital gains taxes. Currently the capital gains tax is 15% of the profit a property owner makes from the sale of their property. For example, if you sold your house for $200,000 more than you paid for it, you’d owe Uncle Sam $30,000 in capital gains. Also, there was an additional tax of 3.8% added in 2013 to help pay for changes in Medicare, so add another $7,600 in investment income tax in this scenario.
Sure takes the shine off that bundle you made from selling at a profit, doesn’t it?
There is one exception which makes a seller exempt from c ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, hudson valley home sellers, housing sales inventory, sales strategies, capital gains taxes, capital gains tax exclusion

Wednesday, April 22, 2020   /   by Vanessa Saunders

Q1 Hudson Valley home sales start strong, then there's March.

From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

April 22, 2020

The Novel Coronavirus has all but put the Hudson Valley real estate market “on pause” with Realtors forced since March 22 to navigate a myriad of regulations, including virtual showings only, to close residential transactions.
A recently released report by OneKey Multiple Listing Service indicated that the market area of the Hudson Gateway Association of Realtors entered the pandemic that took hold in March on a very strong note, with mostly higher sales and higher sale prices.
Westchester County experienced a 7.2% increase in single-family home sales with 1,055 sales compared with 984 sales in the first quarter of 2019. Rockland County had an increase of 15% with sales of 452 units compared to 393 units in the first quarter of 2019. Putnam County sales were up 8.7% at 224, Sullivan County single-family sales rose 6.1% to 209 units and Bronx County (not officially ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, housing sales inventory, pandemic

Friday, March 6, 2020   /   by Vanessa Saunders

Now's the time to beat down your lender's door.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.

Interest rates and stock prices have been bouncing all over the place recently, but yesterday was a shocker. 
What’s going on? We're seeing the effects of the Federal Reserve's interest rate-cutting on 10-year Treasury notes this week. The average rate on a 30-year fixed rate mortgage dropped to 3.29% this week, its lowest level... ever.


What’s going on? We're seeing the effects of the Federal Reserve's interest rate-cutting on 10-year Treasury notes this week.

First, keep in mind that 30-year mortgage rates have no free will. They move in lockstep with 10-year U.S. Treasuries. Treasury yields were already at all-time lows because of concerns the Corona Virus would hit future economic growth. (Investors buy Treasuries when they want to play it safe, and yields move inversely to prices.)

In an emergency move this week, the Fed cut interest rates,sending those Treasury yields even ...

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  hudson valley real estate, hudson valley property, buying a home, home investment, 'urb to 'burb, housing sales, selling your home, housing sales inventory, mortgage rates, financing, first time home buyer, lending, fha

Saturday, February 29, 2020   /   by Vanessa Saunders

JUST LISTED | 51 GREEN STREET, GOSHEN NY | LIVE IN THE HISTORIC GOSHEN VILLAGE

In the heart of Goshen this 1920’s Country Cottage features a 21st Century 2-Story addition. Bathed in natural light, enter the home to the inviting living room with gorgeous cherry, hardwood floors. Prep & share fresh, Farmer’s Market meals, picked up on the village square a short 2 blocks away. The eat-in kitchen features cherry cabinets, counter space galore, accented by a modern vertical subway tile backsplash. It’s open to the step-up family room with slider patio doors to the backyard. Completing the 1st fl is the powder/laundry room. The original arts & crafts staircase leads to the 2nd fl bedrooms accented with vaulted, wood slat ceilings. There’s a shared full bath with original tile floor. At the end of the hall, a few steps up, is the private master bedroom en-suite complete with dual closets & full bath. Catch sunsets on the rocking chair front porch. Out back enjoy the fully fenced-in level yard with spacious Trex deck, stone p ...

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  hudson valley real estate, hudson valley home, orange county ny, housing sales inventory, hudson valley house, hudson valley living

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

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 Vanessa Saunders - Global Property Systems 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. ©2020 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 One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc 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 One Key, 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.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.