I have noticed over the years when one is selling, investing, purchasing, renting or even leasing residential and/or commercial properties, human emotion has had quite a lot to do with the process. This perspective is mine alone and not related to any articles or columns that I or you may have re
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05/01/2022
It appears by the response of our stock market this morning on April 25 that from what I have read and hear a 1/4 to a 1/2 point rise in the mortgage rate is automatically being built into stocks with the market at that time down by more than 500+ points. Will this be the bottom or will there be
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05/01/2022
Prices beyond your budget? Downsizing to a condo or co-op will be your best strategy.As prices have escalated since the start of the Covid-19 pandemic in March 2020 and interest rates have increased ¼ of a point as of March 16, I have noticed more and moreindividuals and families rethinking their
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05/01/2022
ATTENTION EVERYONE! MAKE SURE YOU SET YOUR CLOCKS 1 HR AHEAD TONIGHT FOR DAY LIGHT SAVINGS TIME BEFORE YOU GO TO BED OR WHATEVER ELSE YOU ARE INVOLVED WITH OR ENJOYING!
03/12/2022
The variable that no one is talking about is what impact if any the invasion of Ukraine will have on our housing market. We are now into the 11th day of the conflict and intrusion on Ukrainian soil by Putin and his Russian Army. I am quite sure the majority of his soldiers don’t even know why th
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03/12/2022
Now that the moratorium and forbearance programs on foreclosures, short sales, and rentals are over, what will the market look like this year? Currently, there are over 14,000 foreclosures on Long Island. No one can determine how many will be able to stay in their homes, which have built up exce
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03/04/2022
I am currently working with several clients who are still trying to decide whether they want to stay put in their homes for the long term or possibly considerputting their places on the market. One couple is in generally good health and enjoys their current surroundings and the other client is in
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02/07/2022
By Philip A Raices - January 23, 2022 0 Over the last number of years since the bottoming out of housing prices in 2011 and the impact of the Covid-19 pandemic coming onshore in the U.S., things have looked up in the market. Prior to the pandemic, the market seemed to be cooling a bit and the
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01/31/2022
The percentage of historical homeownership rates has risen from 47.80 percent back in 1890 to 65.4 percent by 7/1/21, according to statistics found in a digitized Census Bureau report from the 1970s from The University of Minnesota as well as the Census Bureau at the St. Louis Fed’s economic indi
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01/17/2022
By Philip A Raices - January 3, 2022 0 Healthy and Happy New Year to all my readers! Unless you haven’t read a paper or watched the news, we all know that real estate went ballistic between the third quarter of 2020 right through 2021. Anyone owning a home saw their appreciation excel by 19.7
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01/03/2022
