• A compilation of timely information regarding matters of interest to homeowners, buyers and sellers of real estate in Dobbs Ferry, the Rivertowns and the Westchester County, NY area in general.

    Link To Main Page

  • Your Property Value: A Free Comparable Market Appraisal Of Your Home

  • National Real Estate News

  • Scott’s Other Pages

  • November 2017
    S M T W T F S
    « Oct    
     1234
    567891011
    12131415161718
    19202122232425
    2627282930  
  • Pages

  • Translate This Page

    Free Homepage Translation
  • Scott’s Recent Sales

    Your Property Could Be Next
  • Park Hill Terr, Dobbs Ferry SOLD!

  • Belden Ave, Dobbs Ferry SOLD!

  • Secor Road, Hartsdale SOLD!

  • Draper Lane, Dobbs Ferry SOLD!

  • Virginia Ave, Dobbs Ferry SOLD!

  • Division Street, Hastings SOLD!

  • Crescent Ln, Dobbs Ferry SOLD!

  • Alkamont Ave, Scarsdale SOLD!

  • Temple Rd, Dobbs Ferry SOLD!

  • 17 Kent Avenue, Hastings SOLD!

Hudson Valley Home Sales Rise While Inventory Falls

Total-Residential-Sales-2017-Q1
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

20120729-143441.jpg

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

%d bloggers like this: