Friday, September 13, 2019 / by Vanessa Saunders
Research just in from the National Association of Realtors (NAR) shows a decline in foreign investment in U.S. residential real estate. The report indicates that a decline in foreign investment in the U.S. in general,tighter controls on on theoutward flow of capital from China and low housing inventory were the main contributors to this huge drop. Foreign buyers purchased fewer U.S. existing homes from April 2018 through March 2019. Global economic growth, which increased in 2016 to 2017, slowed to 3.6% in 2018 and is on pace to taper to 3.3% in 2019.
NAR’s Profile of International Transactions in U.S. Residential Real Estate 2019 revealed that foreign buyers purchased $77.9 billion worth of U.S. existing homes from the 2019 survey reference period, a 36% decline from the level reached in the previous 12 months ($121 billion). Non-resident foreign buyers accounted for $33.2 billion of U.S. existing-home sales, a 37% decline from the prior level of $53 billion. Resident ...
Saturday, August 17, 2019 / by Vanessa Saunders
This dramatic contemporary in a gorgeous setting with views to swoon over is now SOLD. This beautifully maintained spacious home, just made for entertaining and we wish the new owner much happiness in their new home. There is so much to see and do with cideries, breweries, wineries, farmers markets, skiing, hiking and biking all around, and within easy reach of commuting lines and highways in this area. You can still head over to www.CoolWarwickContemporary.com to get all the area and property information and to see a virtual tour of the inside.
If you are looking for a home like this or thinking of moving to the area, get in touch with our Local Area Specialist, Beryl Oles today.
Beryl Veasey OlesCBR CNE | CIREC | MID-HUDSON TEAM LEADER & COMMERCIAL SERVICES | NYS LICENSED RE ASSOCIATE BROKER | ULSTER, DUTCHESS, PUTNAM & NORTHERN ORANGE
Office: 845-848-2218 x103 | Cell: 845-728-9050 | email@example.com
Monday, July 8, 2019 / by Vanessa Saunders
The first wave of the Baby-Boomers, 80 million Americans born between 1946 and 1964 is now squarely into retirement age. According to the Urban Land Institute, 40 million boomers — some 8,000 every day — will turn 65 by 2020. Up and down the Hudson Valley, the 2010 census counted 333,145 seniors living in nine of the Valley’s counties; that number will increase to 477,825 — an 18.9 percent jump — by 2030, according to Cornell University. As they get older, members of this generation are downsizing and requiring specialized care en masse. Consequently, the growing demand for appropriate housing far outpaces the supply. For senior citizens not interested in moving out of the area yet needing affordable, safe house, selling the family home and renting is gaining in popularity.
As reported in Hudson Valley Magazine, Joe Czajka, Senior Vice President for Research, Development & Community Planning and Executive Director of the Center for Housing Solutio ...
Monday, July 8, 2019 / by Vanessa Saunders
I recently read a blog from a REALTOR® who works for one of the major brokerage companies in the U.S. She included a suggestion to buyers to write a letter to a home seller, introducing themselves and gushing about how much they love the house. In a housing market like the one that currently exists in the Hudson Valley - very few houses for sale and lots of buyers competing for them - some real estate agents do suggest that their buyers write a letter to the sellers of a home they're interested in to personalize their offer. Introduce yourself. Tell the sellers how much you love the house, how it's perfect for your family. Mention the pets too because warm and fuzzy wins the race.
Apparently some of my colleagues don't realize that writing a "We love your house" letter can get you into big trouble.
First of all, the sellers don't need to know who is buying their house any more than the buyers need to know the sellers. It's none of their business. More importantly, such a le ...
Wednesday, June 26, 2019 / by Vanessa Saunders
Hudson Valley home buyers continue to fight for affordable to mid-range homes for sale in the second year of a housing shortage. The results of a study conducted by Harvard's Joint Center for Housing Studies concluded that the current shortage of affordable to mid-range housing is due to a shortfall in housing production. According to the study, builders have been dis-incentivised to embark on building homes because of high land prices and regulatory constraints.
In 2017, New York ranked third highest among states in the nation for both the percentage of renters, 26.6% or 900,000 households, and homeowners, 12.4% or 500,000 households, deemed to be severely burdened by housing costs that consumed half or more of their income, according to U.S. Census data.
Its 2019 State of the Nation’s Housing report showed that households grew by 1.2 million per year between 2016 and 2018, a healthy rate for the population’s size and age composition. The ...