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

Friday, March 20, 2020   /   by Vanessa Saunders

Three reasons this time won't be as bad as last time.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
March 20, 2020
The spread of the Corona Virus in America is only starting to have an effect on our economy. People will soon be out of work, and will wonder where their next mortgage payment will come from. The good news is that this time isn’t like the last economic downturns we have experienced. Here’s why:
The Government Learned its Lesson the Last Time
During the previous housing crash, the government was slow to recognize the challenges homeowners were having and waited too long to grant relief. Today, action is being taken swiftly. Just this week:
The Federal Housing Administration indicated it is enacting an “immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages” for the next 60 days.
The Federal Housing Finance Agency announced it is directing Fannie Mae and Freddie Mac to suspend foreclosures and evictions for “at least 60 ...

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  hudson valley real estate, hudson valley property, hudson valley home, hudson valley home owners, 'urb to 'burb, house pricing, lending, the future of real estate, pandemic, home equity

Tuesday, March 17, 2020   /   by Vanessa Saunders

5 Simple Graphs Proving This Is NOT Like the Last Time

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate
 
With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008.

There are many reasons, however, indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differences.
1. Mortgage standards are nothing like they were back then.
During the housing bubble, it was difficult NOT to get a mortgage. Today, it is tough to qualify. The Mortgage Bankers’ Association releases a Mortgage Credit Availability Index which is “a summary measure which indicates the availability of mortgage credit at a point in time.” The higher the index, the easier it is to get a mortgage. As shown below, during the housing bubble, the index skyrocketed. Currently, the index shows how getting a ...

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  hudson valley real estate, hudson valley property, hudson valley home, lending, the future of real estate, pandemic, the economy

Monday, February 10, 2020   /   by Vanessa Saunders

Can iBuyers overcome these five problems?

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

We wrote last week about how iBuyers like OpenDoor, Zillow Offers, Offerpad and Knock are threatening the existence of buyer agents. Judging from the response, it rattled a few cages. Realtors are slowly waking up to the presence of iBuyers as the concept spreads out across the country. But iBuyers are facing a few problems of their own which should be noted.

An iByer is a company or investor which uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers to close on a property quickly. Once sold, the company then turns around and resells the home, hopefully at a profit.

Their model simplifies the buying and selling of homes to a retail formula. Instead of Realtors acting as go-betweens, matchmakers for buyers and sellers who skim a little off the top, iBuyers are becoming home retailers - buying wholesale and selling (hopefully) at a profit. A six to 12 percent fee cu ...

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  hudson valley real estate, home investment, hudson valley home sellers, orange county ny, westchester county, rockland county, ulster county, sullivan county, selling your home, the future of real estate, ibuyers

Thursday, January 30, 2020   /   by Vanessa Saunders

Are Realtors the next dinosaurs?

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


I recently attended a real estate conference in New York sponsored by Inman News, the nation's largest online real estate news publication. I met a lot of old friends, made some new ones, and heard some interesting discussions. But the discussions I heard at Inman this time weren't about best practices and how to service clients better. Many of the attendees - brokers, bankers, techs and yes, agents - were discussing one thing: Are real estate agents soon to be extinct?

The reason so many were talking about this dystopian view of the real estate profession is that the handwriting appears to be on the wall for REALTORS® as we know them. Sean Black, a long-time real estate expert, Co-Founder & CEO of Knock.com and a founding team member of Trulia summed it up this way in a recent article in Forbes: "This arcane, inefficient structure is the way residential real estate has been done for the past 50- ...

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  hudson valley real estate, hudson valley property, hudson valley home sellers, orange county ny, 'urb to 'burb, westchester county, rockland county, ulster county, sullivan county, selling your home, dutchess, manhattan, why work with a realtor, first time home buyer, blockchain, new technology, negotiating price, cryptocurrency, 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 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.