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Mortgage Rates | From Urb to Burb and Beyond Blog

Wednesday, March 10, 2021   /   by Vanessa Saunders

Get ready for a "perfect storm" in this spring’s Hudson Valley real estate market.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
It's never wise to try to predict a change in the Hudson Valley real estate market. But when you look at three key factors that will be affecting Hudson Valley home sales this spring, it seems obvious to me there’s a storm on the horizon. Whether you are a buyer or a seller, you should be prepared.
Factor 1: Last Year's Anxious Home Buyers
Many people trying to buy homes in late 2020 and winter of 2021 found nothing but frustration. Because there were so few homes on the market, the competition for good ones was intense. We saw (and continue to see) bidding wars, crazy prices and even crazier offers. Most winning bids involved cash, waived contingencies, and offers well beyond lender appraisals.
You can bet that buyers in the Spring 2021 market will come out swinging, ready to pounce on whatever properties suit their needs. There will still be work-from-home buyers reaching for suburban and ; ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, buying a home, hudson valley home owners, hudson valley home sellers, housing sales inventory, mortgage rates, making an offer on a house, new listing

Friday, November 27, 2020   /   by Vanessa Saunders

What are Hudson Valley Realtors thankful for in 2020? A lot!

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

Monday, November 16, 2020   /   by Vanessa Saunders

A look at Hudson Valley home prices set to music.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
It’s official. At least, if the National Association of Realtors (NAR) says it. The median price for existing homes in each of the 181 metro areas tracked by the National Association of Realtors was higher in the third quarter from a year earlier, the association said on Thursday, Nov. 12. For the first time since 1980, every metro area tracked by NAR posted an annual price increase in the same quarter. Back then, the association tracked 19 metro areas and Blondie topped the pop music charts with her hit “The Tide Is High.”
What’s going on is a perfect storm of factors that are driving up the cost of buying a home. Because so many people have been stuck inside their pandemic bomb shelters, they’re feeling like they need more space. According to Larry Yun, NAR’s top economist, ““Americans are viewing their home as something more than what it was be. ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, selling your home, mortgage rates, pandemic, mortgage, bidding war, the economy

Wednesday, September 9, 2020   /   by Vanessa Saunders

Today's mortgage rate is 3.047%! Interested?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
When people decide to buy a house, one of the first things they think about is how much house they can afford. But affordability isn’t just about how much down payment they can put down or what portion of their monthly income can go toward mortgage payments. The price of a house is about all that, but the most important factor that affects cost is the rate of interest on the mortgage.
Today’s mortgage rates are phenomenally low right now, which means buyers can afford much more house. Because it’s less expensive to borrow money, purchasing a home while mortgage rates are this low may save you significantly over the life of your home loan.
According to Mortgage News Daily, “Those shopping for a home can afford 10 percent more than they could have one year ago while keeping their monthly payment unchanged. This translates into nearly $32,000 more buying power.”
A $315,0 ...

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  hudson valley real estate, hudson valley home, buying a home, home investment, 'urb to 'burb, hudson valley home owners, mortgage rates, financing, mortgage

Tuesday, July 7, 2020   /   by Vanessa Saunders

Yesterday's mortgage rate blog: We forgot to mention something

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
I wrote a blog yesterday about how mortgage loan interest rates set a new all time low record last week. The story we told was about how such attractive financing, paired with the low number of homes for sale in the Hudson Valley and a predicted up-tick in home prices this season should be great news for sellers. We forgot one thing.
Low mortgage rates are also great news for buyers. Even first time buyers. Here's why.
Home prices may be heading for a rise right now, but buyers can offset paying a little extra for a home by the astonishing amount they'll save by financing now.

What many people often forget when they decide to buy is that the price they agree to pay for a house at contract isn't how much they'll actually pay. Leaving aside taxes and other ancillary home ownership expenses, what they actually pay is the amount they'll borrow for the home AND the interest they'll pay on their mortg; ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, 'urb to 'burb, mortgage rates, first time home buyer, financing, mortgage

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


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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.

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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.
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