Ownership costs are dropping below rental costs!
The recent downturn in the market resulted in a drop in rental rates, but rents are back on the rise while the cost of home ownership has dropped. As average apartment rental rates have slightly decreased, the decline has been moderate in comparison to home values, whihc have declined by 30 to 40 percent since [...]
Full Story »
Lenders are back in the game…but the rules are changing!
While the final quarter of 2009′s financial meltdown led to a sense that financing had dried up. Mortgage funds are now available. “If you have a job and can afford the payment and have good credit, chances are you’ll quallify for a mortgage,” sayd David Teed, author and mortgage banker. For more reasons why now [...]
Full Story »
WHAT THE WINTER IS OVER ALREADY?
Yes, spring has finally arrived and with it you now find that wonderful pile of stuff that was hidden in all those huge plowed snow banks! Well, here is Samantha Lee’s Home Selling Team’s list of ten things that you should be doing now to get your home ready for showing this spring. Now even [...]
Pick me…Pick me…Sellers are motivated!
W hen supple exceeds demand, buyers have the upper hand – and that’s where we are now! In most of the areas in Central New York the current supply of homes for sale now stands for 13 months, meaning that at today’s pace of home sales, it would take 13 months for the existing inventory [...]
Buyers have the edge!
According to Lawrence Yun, chief economist from National Association of REALTORS, “Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped by [...]
Articles in this series
- It's prime time to buy a home Liverpool and in and around Syracuse New York!
Follow Us!