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Monthly Archives: June 2021

    What Do Experts See on the Horizon for the Second Half of the Year?

    By Steven Padernacht | June 30, 2021

    As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on... Read More

    What To Expect as Appraisal Gaps Grow

    By Steven Padernacht | June 29, 2021

    In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is increasing.”... Read More

    Save Time and Effort by Selling with an Agent

    By Steven Padernacht | June 28, 2021

    Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one... Read More

    Riverdale Restaurants- Blackstone Bar and Grill

    By Steven Padernacht | June 26, 2021

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    Homebuyers: Hang in There [INFOGRAPHIC]

    By Steven Padernacht | June 25, 2021

    Some Highlights Today’s sellers’ market provides unique challenges—and benefits—for buyers. Current low interest rates won’t last forever, and home prices are forecast to rise. If you’re a homebuyer, hang in there. Homeownership improves your quality of life, and the long-term benefits outweigh the short-term challenges. Read More

    Demand for Vacation Homes Is Still Strong

    By Steven Padernacht | June 24, 2021

    The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more... Read More

    Homeowner Wealth Increases Through Growing Equity This Year

    By Steven Padernacht | June 23, 2021

    Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute, Home Ownership is Affordable Housing, author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making... Read More

    Pre-Approval Makes All the Difference When Buying a Home

    By Steven Padernacht | June 22, 2021

    You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a... Read More

    5 Things Homebuyers Need To Know When Making an Offer

    By Steven Padernacht | June 21, 2021

    When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re... Read More

    Riverdale Business Spotlight- Brilliant Minds Learning Center

    By Steven Padernacht | June 19, 2021

    This week we visit another small business located in Riverdale, Bronx NY. Brilliant Minds Learning Center located on Mosholu Avenue is an amazing space where children can be challenged to learn while having fun and enjoying themselves. Read More