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Monday, August 28, 2023   /   by Raj Jaggi

~Our Very Happy Seller Wrote a Mini-Review Blog for Team Raj Jaggi ~

"Totally impressed! I researched real estate agencies and was surprised by the number of positive reviews this firm had.  I quickly found out why: this team is really good at what they do and I'm glad I hired them.  They sold my house within 3 weeks of listing, advertised, did open houses and got me numerous buyers. In fact, my house sold at more than we originally asked for. Sarah, the office consultant was great! She was there for me through the entire process. The most impressive person was Harsh Jhaveri who helped me get my new place. Harsh went with me to over 11 listings until we came up with a place that fit my needs. He made no money going to these listings but was committed in helping me as I had a time crunch and he was there for me through the whole process.  It was his committed effort and professionalism that helped me find an appropriate location and he showed the rare and unique ability to go to the limits in serving his client.  I was totally ...

  team raj jaggi, sellers, long island, top team, housing market, your home sold guaranteed or we'll buy it

Wednesday, June 28, 2023   /   by Joyce Dungca

Lending Standards Are Not Like They Were Leading Up to the Crash

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. 
Every month, the Mortgage Bankers Association (MBA) releases the Mortgage Credit Availability Index (MCAI). According to their website:
“The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is . . . a summary measure which indicates the availability of mortgage credit at a point in time.”
Basically, the index determines how easy it is to get a mortgage. Take a look at the graph below of the MCAI since they started keeping track of this data in 2004. It shows how lending standards have changed over time. It works like this: 
When lending standards are less strict, it’s easier to get a mortgage, and the index (the green line in the grap. ...

  team raj jaggi, buyers, long island, your home sold guaranteed or we'll buy it, housing market, first-time home buyers, mortgage

Wednesday, May 3, 2023   /   by Raj Jaggi

Buyer Activity Is Up Despite Higher Mortgage Rates

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.
Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (see graph below):
As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking for homes even during colder months.
To help tell the story of why the latest report is significant, let’s compare foot traffic this February with each February for the last six years (see graph below). It shows this was one of the best Februarys for buyer activity we’ve seen in recent memory.

In the last six years, we saw the most February buyer traffic in 2021 . ...

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Monday, May 1, 2023   /   by Raj Jaggi

Why Buying a Home Makes More Sense Than Renting Today

Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. 
And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic:
“In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking rent was $1,732, up by $15 from last month and down by $32 from the peak but is still $354 (25.7%) higher than the same time in 2019 (pre-pandemic).”
With rents much higher now than they were in more normal, pre-pandemic years, owning your home may be a better option, especially if the long-term trend of rents increasing each year continues. In contrast, homeowner; ...

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Friday, April 28, 2023   /   by Raj Jaggi

Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]

Some Highlights

With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.


You can also work with a trusted lender to consider alternative financing options and search for down payment assistance.


If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice. ...

  team raj jaggi, buyers, top team, long island, sellers, your home sold guaranteed or we'll buy it, new york, award winning, best of zillow, housing market, nassau, first-time home buyers, raj has buyer, new listing, suffolk, home evaluation, pre-approval, homes, cash offer in 24 hours, moving, pre-commitment, pre-qualification, gen z, millennials, intrest rates, guaranteed home sale, free evaluation, construction, cash offer, inflation, recession, equity, builders, investors, home sold, interest rate

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