Friday, May 20, 2022 / by Raj Jaggi
Some Highlights
If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say.
Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents.
Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today. ...
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Thursday, May 19, 2022 / by Raj Jaggi
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.
The National Bureau of Economic Research (NBER) defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”
To help show that home prices don’t fall every time there’s a recession, take a look at the historical data. There have been six recessions in this country over the past four decades. As the graph below shows, looking at the recessions going all the way back to the 19 ...
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Thursday, May 19, 2022 / by Raj Jaggi
5 The Grasslands, Woodbury, NY
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$1795000
5bed - 5bath - 25291 sqft lot
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Rare Opportunity to own this Magnificent 4000 Sq. Ft. Contemporary Home Centrally located in the Northshore of Long Island! This stunner features 5 Spacious Bedrooms and 4.5 Bathrooms along with a full finished basement. Beautifully landscaped yard, striking newly done stucco exterior invites you to explore more. The first floor has a open layout with high-ceilings and custom made chandelier. Huge living room with vaulted ceiling, hardwood floor & custom paint. Formal dining room, Kitchen with great backyard views. Great for hosting parties & guests over. Custom high-end kitchen with a two-tier island, solid wood cabinets, commercial grade appliances including a hidden dishwasher. Family room, office & so much more! Moving upstairs, we have a Master Suite with WIC, Master Bathroom having jacuzzi, skylights. All bedrooms as ...
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Wednesday, May 18, 2022 / by Raj Jaggi
If you're trying to decide whether to rent or buy a home, you're probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own.
If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your home.
A Little Change Can Bring Lots of Joy
There’s a significant level of pride that comes from owning a home. That’s because it’s a space that truly belongs to you.
A recent report from the National Association of Realtors (NAR) shows making updates or remodeling your home can help you feel more at ease and comfortable in your living space. NAR measures this with a Joy Score that indicates how much happiness specif ...
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Tuesday, May 17, 2022 / by Raj Jaggi
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.
Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy.
A Look Back: How the Current Mortgage Rate Compares to Historical Data
One factor that could help you make your decision to buy now is how today’s mortgage rates compare to historical data. While higher than the average 30-year fixed rate in recent years, the latest rates are still comparatively low when you look at the bigger p ...
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