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Housing Sales Inventory | From 'Urb to 'Burb Blog

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

Friday, February 14, 2020   /   by Vanessa Saunders

Congratulations! You've waited for the perfect time to finally sell your house.

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

The success of the Hudson Valley residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market in New York, and together, they show that now is the best time in years to sell your Hudson Valley home:
1. Buyer demand is already extremely strong2. Housing supply is at a historically low level
Demand
ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index revealed how showings have increased in the Hudson Valley for the last five months in a row.
Supply
Move.com also just released info ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home sellers, 'urb to 'burb, housing sales, selling your home, housing sales inventory, hudson valley house, mortgage rates, bidding war

Tuesday, February 4, 2020   /   by Vanessa Saunders

Home buying Gender Gap should have single women shouting "Me Too!"

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

A study published in October of 2019 by the Yale School of Management found that when single women invest in the housing market, they’re generally losing money compared to their single male counterparts. As unbelievable as it may seem, men and women can unknowingly walk away with very different financial outcomes when the deal closes. 

According to the report, "Single men earn one percentage point higher un-levered returns per year on housing investment relative to single women…The gender gap grows significantly larger after adjusting for mortgage borrowing: men earn 6 percentage points higher levered returns per year relative to women. Data on repeat sales reveal that women buy the same property for approximately 2% more and sell for 2% less.”

How can this happen, in an age where mortgage lending and real estate regulations should make the process gender-blind? In its summary, the ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, orange county ny, 'urb to 'burb, westchester county, rockland county, ulster county, sullivan county, housing sales inventory, dutchess, manhattan, why work with a realtor, mortgage process, making an offer on a house, negotiating price

Monday, January 27, 2020   /   by Vanessa Saunders

A long line of young people are shopping for a house in the Hudson Valley just like yours.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
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If you're a Hudson Valley home owner, you have the opportunity to sell your existing house now and move up into a new one, or downsize into a home that better fits your current and ever-changing needs. There is a significant demand for existing homes right now. The percentage of all buyers who will be first-time buyers looking to purchase a home grew from 58% in the fourth quarter of 2018 to 63% in the fourth quarter of 2019. 

Who is buying.
Millennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time buyers:  88% of Gen Z buyers and 78% of Millennial buyers are reaching out to home ownership for the first time in their lives. 

When are they shopping?
With a high demand from first-time home buyers and a shortage of inventory i ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, hudson valley home owners, hudson valley home sellers, orange county ny, 'urb to 'burb, westchester county, rockland county, ulster county, sullivan county, selling your home, housing sales inventory, hudson valley house, manhattan, dutchess, mortgage rates, first time home buyer, downsizing, condos, delaware county

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 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.

©2020 Hudson Gateway 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 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 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.