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RECENT BLOG POSTS
I have been observing the current market and reading the 137 responses that I received from my previous column on Nov. 7. Although my survey isn’t comparable to any national survey via the Labor Dept. or any other government entity, it’s a small microcosm of the feelings of our local Long Island ...
To all Active Rain members and public:With all the turmoil, strife, and sadness in today's world, make Thanksgiving a happier, more enjoyable, and more relaxing day with your Family and Friends.
There is no doubt that the increases in mortgage rates have slowed down the housing market over the last six months, but it’s not even close to what occurred in 2008. The inventory accumulation back then was 10.4 months (MLS stats) whereas currently, it is 3.2 months. So bubbles in inventories ge...
0 I am devoting a portion of this week’s column to ascertaining what purchasers, sellers, and investors’ concerns are in our local Long Island market.The following are choices in determining how you would rate your concerns about the current real estate market and where you might place your m...
All Things Real Estate By Philip A Raices - Nov. 2, 2022 0 Rates have risen again this past week topping 7% on fixed 30-year mortgages and consumers who were contemplating moving are now thinking twice. Those who have much lower interest rates are now deciding on staying where they are or possi...
October 30, 2022 Most consumers who were or are still looking to buy are somewhat aware ofwhat is occurring in our economy. Serious decisions for so many as to whetherto buy, rent or just sit tight where they are have come into play over the lastyear as rates have doubled. Even when the ...
There are so many financial and health challenges to concern ourselves with today, it’s no wonder that more buyers are stressed and getting shut out of the market due to the doubling of rates and still very low inventory and lack of choices this year.So many of our younger generation are depresse...
0As you search for that hard-to-find, special, first-time, or move-up home, is it all about the home or the neighborhood, or both? I believe the most crucial item for families with children or about to have children is the school system. Obviously, your budget comes into play, so you can only ...
By Philip A Raices - September 29, 2022 0 We are still in the middle of our hurricane season and if you watch TV, listen to the news, or read a paper, hurricanes have become more deadly every year. Just look at Puerto Rico. Five years after Hurricane Maria smashed the island, along came Hurri...