Posts from March 2022
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30
How To Reach Your Homebuying Goals > This Year < [INFOGRAPHIC]
Some Highlights
- If you are planning to buy a home, you may want to put these items on your to-do list to ensure you hit your goals.
- It is essential to start working on your credit and saving for a down payment early. When you're ready to begin your search, work with a real estate professional and get pre-approved to know how much you can borrow for your new home.
- Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year.
29
Expert Insights on the 2022 Housing Market
Buyers and sellers alike are wondering what's next for the housing market as we move forward in 2022. Will more homes come to market? Are the prices going to continue to on the upswing? Mortgage rates, will they increase? We refer to the experts to find out. Please take a look at what they predict will happen throughout 2022.
Danielle Hale, Chief Economist, realtor.com:
"Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas
28
Where to Take a Walk in the Park Around Long Island
March 30 is Take a Walk in the Park Day, and with winter's ice grip finally beginning to loosen, our REALTORS® are excited to do just that. Luckily, we have a lot of great places to go for a hike here on Long Island.
Walk in the Park in Nassau County
Located just a short drive from New York City, Nassau County offers some lovely parks and trails on western Long Island. These great hiking spots are also convenient to many Nassau County homes for sale.
23
Avoid the Rental Trap in 2022 | Renting Versus Buying
Are you concerned about where you'll live when your lease comes to an end? Understanding the actual cost of renting in 2022 is essential before moving into a new space.
If you are currently renting, you should know rent rates have consistently increased since 1988 (refer to image below):
22
Will Foreclosures Flood the 2022 Real Estate Market?
In the beginning of 2020, when forbearance plans were announced and the pandemic swept across the country, a great deal of homeowners were told to pause their mortgage payments. Analysts had concerns that the housing market would suffer an influx of foreclosures in the wake of the mortgage forbearance program ending, as it did 15 years ago after the housing bubble.
Continue on to see why this time is different.
1. Fewer Homeowners are in Trouble
More than nine million households lost their home(s) during the last housing crash through foreclosure or short sale. Some expected the same would happen in today's climate.
However, current data shows that most homeowners have either: restructured their home loan in order to begin making payments again (after the forbearance period), or they have once again become up to date on their payments. Mortgage Bankers Association (MBA) examined how many people exited the forbearance program between J...
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