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The Future Of Real Estate | From 'Urb to 'Burb Blog

Tuesday, September 15, 2020   /   by Vanessa Saunders

Existing home or new construction? How 2020 has changed the discussion.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
With so few homes on the market these days, having a new house built seems to be an obvious solution to finding the perfect home if you have the money. While moving into a space where everything is brand spankin’ new and built to your specific needs sounds great, it does have some downsides that didn’t exist before 2020. Here are a few things to consider when weighing both as you make the best decision for your family.
Existing Home:
One of the most compelling reasons to buy an existing home is that it is less expensive than a similar-sized home. Apart from the fact that older homes are typically lower priced, it used to be true that buying from a selling home owner also allows you to negotiate everything from price to possession date. But in today’s buyer’s market, new listings get multiple offers (some over asking price) the day they go on the market. Some home hunters are ...

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  hudson valley real estate, buying a home, 'urb to 'burb, selling your home, first time home buyer, making an offer on a house, pandemic, the future of real estate, older home or new construction

Friday, July 24, 2020   /   by Vanessa Saunders

Guess what's threatening to kick down home prices this fall.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
A sales report released Thursday by Corelogic showed real estate activity in the Hamptons setting an all-time high for the area's median home selling price. Buyers furiously raced to buy properties and drove the median up 27% in the second quarter. All this while the number of transactions fell by 13%, a sure sign that homeowners in New York are holding onto their homes, causing an inventory shortage as they wait for prices to rise further to meet demand. The Hudson Valley reflected similar, if less dramatic price increases as it dealt with its own inventory shortages.
So why are some experts worrying about a price decline this fall?
Curbed, an American real estate and urban design blog network, reported today that the legs beneath the stool keeping prices up may be kicked away come October, affecting prices into 2021. They blame it on the Coronavirus pandemic. Says Curbed, "The belated decline would ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, housing sales inventory, pandemic, the future of real estate

Thursday, July 23, 2020   /   by Vanessa Saunders

6 ways home buyers can give themselves a competitive advantage in getting a house.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The Hudson Valley real estate market has changed dramatically in the last four months. The effect of the coronavirus pandemic has put much of the business of buying and selling homes on hold. For buyers, it has tightened the mortgage market, restricted the inventory, and made traditional means of transactions meaningless. Right now, the competition for homes is hot in the Hudson Valley, and buyers need to prepare themselves.
Here are 6 ways home buyers can give themselves a competitive advantage in getting a house.
1. Select a good mortgage lender.
(Due to the Coronavirus outbreak, obtaining a mortgage may be a bit of a challenge. Lenders are dealing with demand and staffing issues.) Finding a mortgage lender involves more than just getting a good interest rate; you want to work with the best mortgage companies, staffed by professionals who will guide you through the process. Barry Goldenberg of L ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, housing sales, housing sales inventory, hudson valley house, pandemic, bidding war, home inspections, the future of real estate, condos, new global property system local area specialists, coops

Wednesday, July 22, 2020   /   by Vanessa Saunders

Realtors say the end may be near. Thank goodness.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Second quarter home sales reportedly hit the predicted slump, but were high enough to suggest Q3 numbers may surge. Hudson Valley real estate brokers struggled with restrictions to battle the coronavirus pandemic in New York State, during Gov. Andrew Cuomo’s “New York on Pause” process. Agents were forced to conduct business online and show homes virtually. New York State permitted notary services online and attorneys conducted business in parking lots, in tents and between cars.
According to the July report by OneKey™ Multiple Listing Service LLC, home sales were down 39.8% in the Bronx; 27.9% and 27.4% in Orange and Westchester counties respectively, and 6.2% lower in Putnam County, as compared to Q2 of last year.
The report concluded that although sales in the second quarter were down, "real estate brokerage executives believe that since the home sales market entered the ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, selling your home, housing sales inventory, first time home buyer, pandemic, the economy, health crisis, the future of real estate, saving the world

Thursday, July 9, 2020   /   by Vanessa Saunders

Pandemic responsible for mass migration in America.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Roughly one fifth of all Americans have moved or know someone who did during the Covid-19 pandemic so far. That tidbit comes from a recent survey by the Pew Research Center that revealed 22 percent of us - literally millions of people - have relocated to a more quarantine-friendly residence or know someone who has. The data is based on a survey Pew conducted in early June with nearly 10,000 people.
Reported in Inman News on July 8, the survey results show that 3 percent of the survey respondents themselves moved, either permanently or temporarily. Another 6 percent said someone moved into their home. And an additional 14 percent said that they know someone who has moved as a result of Covid-19.
The findings suggest that in addition to major health and economic disruption, the pandemic has had huge migratory impacts on Americans’ lives. Most affected were young adults - ages 18 to 29. Young Am ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, selling your home, hudson valley house, pandemic, health crisis, the future of real estate

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 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.
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