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Homes With Blue Bathrooms Sell for $5,440 More

An interesting news article that caught my attention

Photo courtesy of Sunrise Building

From Zillow.com

“A fresh coat of paint in the right color may help sell a home for more money.
Homes with rooms painted in shades of light blue or pale blue/gray can sell for as much as $5,440 more than expected, according to a new Zillow report.
Zillow’s 2017 Paint Color Analysis looked at more than 32,000 photos from sold homes around the country to see how certain paint colors impacted their sale price on average, when compared to similar homes with white walls.
Curious what colors may help you sell your home for more? See below for the full results of the 2017 Paint Color Analysis.”

For Sale Listings with Cool, Neutral Wall Colors Sell For More Money

 

Contact Scott Rosasco today to see any home or  property in the Rivertowns or Westchester County.

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Hudson Valley Home Sales Rise While Inventory Falls

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From Real Estate In-Depth

WHITE PLAINS— High sales rates, a sharp decline in inventory, and an uneven pattern of price increases across the region marked 2017’s first quarter entry to the real estate market recovery of the past five years, according to the recently released “2017 First Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York” report authored by the Hudson Gateway Multiple Listing Service Inc. Realtors participating in the HGMLS, a subsidiary of the Hudson Gateway Association of Realtors, Inc., reported a grand total of 3,700 closed transactions in the four-county region during the first three months of 2017, a 9.1% increase or 309 units more than last year’s first quarter results. The closings largely resulted from sales and market activity during the winter months of 2016 and early 2017, and comprised single-family houses, condominiums, cooperatives and 2-4 family houses……….

Read the Full Article at: Hudson Valley Home Sales Rise While Inventory Falls

Rising sales and rising prices, coupled with low inventory, makes this a great season to sell your home. If you are thinking of selling, either Email Me or call me at 914-960-3837

Mortgage Rates Are Lowest In 60 Years

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In what can only be described as a continuous decline, mortgage rates have reached the lowest point in 60 years, dropping to a record of 3.49% for a fixed rate product.
The real problem now, is not how small your monthly mortgage payment will be these days, but what it actually takes to qualify for one of these rates to begin with. Typically, lenders will require a truly blemish free credit history, FICO scores well over 700, significant cash reserves and a perfect appraisal on any property you are considering buying.
While some would laud the banks for tightening the very same mortgage guidelines that helped to cause the housing crisis in the first place, financial institutions also seem to be understandably concerned about the future profitability of themselves and whomever they are selling their mortgages to. Who wouldn’t want to limit the pool of borrowers by any means possible, to as few people as possible, when the prospect of loaning money out, over 15 – 30 years, becomes a losing proposition once bank savings rates go above 3.49%. Some of us are old enough to remember when a passbook savings rate was over 6%. Common sense would say that this will happen again, sometime in the next 15 – 30 years. What bank or investor wants to be stuck with a borrower paying only 3.49% then? Read more at:
http://www.usatoday.com/money/economy/housing/story/2012-07-26/home-sales-mortgages/56499092/1

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