Friday, November 27, 2020 / by Vanessa Saunders
Thanksgiving day survivors parade.
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Yesterday, people across America celebrated Thanksgiving 2020 in spite of high unemployment and an economic recession pushed by a global viral pandemic. We have been urged to celebrate holidays this year on a minimal scale, eschewing travel, virtually visiting friends and relatives while staying home. But even with all the negative things happening in the world today, celebrating Thanksgiving made me realize just how much we Realtors should be thankful for. Here are just a few:
Realtors are thankful for a thriving real estate market.
Existing-home sales in October were 27% higher than a year ago, new-home sales were 32% higher, and pending home sales or contract signings in September jumped 20.5% annually.
Realtors are thankful for low interest rates, (if they can get them).
Any added incentive for buyers is a bonus, and having mortgage rates below 3% is a b; ...
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hudson valley real estate, buying a home, 'urb to 'burb, hudson valley home owners, housing sales, mortgage rates, pandemic, the future of real estate, manhattan real estate, ny
Thursday, September 24, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The latest Attom Data Solutions’ Home Affordability Report for the third quarter of 2020 concluded that the median home prices of single-family homes and condos are now less affordable than historical averages in 63 percent of U.S. counties. The increase is up from 54% one year ago. The raise is attributed to the skyrocketing demand for homes during the coronavirus pandemic. Third-quarter data from Attom revealed that those price increases have helped contribute to a significant decrease in affordability.
Todd Teta, chief product officer with Atom said in an accompanying statement, “In a year when nothing is normal, owning a single-family home has become less affordable to average wage earners across the U.S., despite conditions that would seem to point the opposite way. Wages are up and mortgage rates are down to rock-bottom levels, which should work in favor of homebuyers.”
Teta. ...
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hudson valley real estate, hudson valley home, buying a home, 'urb to 'burb, housing sales, manhattan, first time home buyer, the economy, health crisis, nyc
Tuesday, May 19, 2020 / by Vanessa Saunders
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
05-19-2020
Even as real estate is restrained by state policy as a non-essential business, we’re watching buyers scrambling to find homes to buy outside of New York City in the Mid-Hudson Valley. If you own a property north of the city and have plans to sell this season, you could be sitting on a very rewarding asset.
Thanks to the COVID-19 pandemic, people living in NYC are fleeing their high-rises and moving to Dutchess, Ulster, Orange and Rockland counties. Stuck in apartments with their neighbors, walking in small hallways and squeezing into tight elevators, city residents are dreaming of being able to walk around a quiet neighborhood or relax in a suburban cul-de-sac.
Adding to the claustrophobic conditions are two new factors influencing people. After two months of working from home, people are realizing that it IS possible to work at home efficiently. Not only do workers enjoy a . ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, orange county ny, westchester county, rockland county, ulster county, sullivan county, dutchess, manhattan, pandemic
Thursday, April 2, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
If you had two dollars and could double it as often as you wanted, how many times would you need to double your original "deuce" to reach a million?
Just nineteen times.
So how does that apply to social distancing? This is how. If someone is infected by the COVID-19 virus, they will be symptom free for several days, if not longer. If they interact with and infect just two people, and those two don't conduct social distancing (staying away from other people) and also interact with two people and so on and so on, over one million people will eventually come down with the disease in just 19 social interactions. Here's a chart from a UK website that tells it better than I ever could.
[caption id="attachment_27067" align="aligncenter" width="596"] Thanks to Matt Hancock, UK Health Minister for letting me steal this chart. It's that serious.[/caption]
Got it?
Stay home! ...
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hudson valley real estate, 'urb to 'burb, orange county ny, westchester county, rockland county, ulster county, sullivan county, manhattan, dutchess, pandemic
Wednesday, April 1, 2020 / by Vanessa Saunders
The above video has nothing to do with this blog, but what the heck. We love seeing a rabbit playing with a Rotweiler.
After you watch, if you want to read this blog, it's about the economic slow-down and how home buyers should prepare for when the economy gets back to normal. Enjoy!
The rapid spread of the Corona virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.
One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analys. ...
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hudson valley real estate, hudson valley home, 'urb to 'burb, westchester county, rockland county, ulster county, sullivan county, hudson valley house, manhattan, dutchess, first time home buyer, funny blog, the economy
