Thursday, May 21, 2020 / by Vanessa Saunders
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
April 21, 2020
If you are planning to buy or sell a home in the Hudson Valley any time soon, you may be interested in statistical information showing recent market activity in Westchester, Rockland and Orange counties. Our MLS registers and aggregates data on all such activity, and it is available to anyone through their real estate agent or Realtor. The charts in this blog come from the OneKey Hudson Valley MLS.
The reports for April are in, and generally show a down-tick in activity across most markets. Westchester new listings were off 14.5% from April 2018, as sellers began to back off due to uncertainty in the first month of the COVID-19 shutdown rules. Rockland and Orange counties also showed fewer new listings to a lesser degree.
Pending Sales came up a little short across the boards for all three counties. Keep in mind that pending sales figures a ...
Friday, March 6, 2020 / by Vanessa Saunders
For everyone who dreams of a house in the country, a peaceful weekender or cool getaway (and who doesn’t?) here’s a stunning, timber-framed, Craftsman-style home exquisitely hand-crafted with traditional mortise & tenon joints. With a stunning metal roof and fieldstone chimney, it blends a cool vibe with country chic and its stable, energy-efficient design style shows off the remarkable skill of the builder. Nestled on a private wooded lot, steps away from the Delaware River & Mongaup River Trail, it combines centuries-old design with every modern amenity. Hand-cut joinery posts, beams, rafters, collar-ties and joists; pine interior doors, window trim & sills; stylish bathrooms and an enviable kitchen; 6”-inch pine plank floors; vaulted ceilings, & wire-rope stair & balcony railings lend dazzle and character to the interior while the bluestone walkways, steps & patio and 12 x 24-foot deck looking out onto the mountains invite you outside ...
Tuesday, February 18, 2020 / by Vanessa Saunders
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems.
As a global real estate marketing brokerage, we here at Global Property Systems keep an eye on international news and world concerns. Because many of our clients are from abroad, their worries are our worries. Few people realize that troubles such as unrest in the Middle East or the spread of the coronavirus in Asia actually have an effect on markets and real estate investments in the United States.
Surprisingly, in the midst of all this seeming chaos and bad news, one sector that improves with bad news is real estate.
Mark Fleming, the chief economist for First American Financial Corporation said in a recent report:
“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense ...
Friday, December 20, 2019 / by Vanessa Saunders
New York residents can sleep soundly now, knowing that the governor and the legislature have moved to outlaw zombies in the Empire State.
The bill, however, is not intended to keep roving bands of the living dead off our streets and from eating our brains. On Wednesday, Dec. 18, New York Gov. Andrew Cuomo signed into law the Zombie Property Remediation Act of 2019 which gives municipalities the ability to force mortgage lenders to either foreclose abandoned properties or to issue a certificate discharging the mortgage.
So-called Zombie properties are homes or buildings that have been abandoned by their owners before banks have finished foreclosing on them. In many cases, according to Hudson Valley politicians and fire officials, these homes have little value, and banks will take years to finish the paperwork. In the meantime, such properties fall apart, or burn down. They deplete surrounding property values, but all too often foreclosed and un-maintained residences are ...
Wednesday, December 11, 2019 / by Vanessa Saunders
According to the latest Home Price Insights from CoreLogic, home prices have appreciated 3.5% year-over-year. At the same time, the National Association of Realtors (NAR) reports inventory has dropped 4.3%
These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and are thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for a Hudson Valley home, and your home may be high on their wish list.
Global Property Systems says:
If you think you’ve outgrown your home, contact a Global Property Systems local area specialist to discuss your local market conditions and determine if now is the best time for you to sell.