In a surprising turn of events the Long Island Press calls The Great Migration, surges of New Yorkers are fleeing the city with their sights set on the more spacious suburbs, igniting competition for Long Island residential real estate, skyrocketing home prices in Nassau and Suffolk Counties, and driving a market where homes sell within […]
Most first-time home buyers are surprised to learn just how much can go wrong within the seemingly small steps between mortgage pre-approval and closing. What could possibly happen after a lender pre-approves your accepted offer on that dream home? In a word: plenty. Mortgage mistakes happen. Closing on your next home without a hitch means […]
We all know hindsight is 20/20. Unfortunately, most first-time home buyers don’t have the luxury of knowing just how the home buying process plays out. However, one first-time home buyer’s mistake is another first-time home buyer’s lesson. The real estate agents at Team Rita gathered nine of the most common rookie mistakes first-timers make so […]
In the market for a new home on Long Island? One of the first moves to make is landing on the right house style. The right style for your next home hinges on your unique needs, your personal taste, and your budget. And with a little history on the eight most popular house styles on […]
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark. According to NAR, home sales […]
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]
With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new […]
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the […]
While some have voiced the view that the negative economic effects caused by the worldwide COVID-19 pandemic will bring about a recession in the U.S., it’s important to understand that any such recession will not be a simple replay of the Great Recession of 2008, especially in respect to its impact on home prices. While […]
If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload […]
