Blog
Are Interest Rates Expected to Rise Over the Next Year?
Are Interest Rates Expected to Rise Over the Next Year? So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a... Read More
Riverdale Restaurants- Blue Bay Diner & Restaurant (SMP TV Episode 8)
With over 45 years in the same location, the Blue Bay Diner has not skipped a beat! This week on SMP TV, local realtor and host Steven Padernacht sit down with Spiro Katechis, the heir apparent to this landmark location! We talk about the history of this riverdale restaurant, his family’s roots and the future... Read More
4 Big Incentives for Homeowners to Sell Now
4 Big Incentives for Homeowners to Sell Now The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in... Read More
Americans Find the Nonfinancial Benefits of Homeownership Most Valuable
Americans Find the Nonfinancial Benefits of Homeownership Most Valuable Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial... Read More
SMP TV Episode 6 – Riverdale Restaurants Blackstone Bar and Grill
Steven Padernacht “Riverdale Real Estate”: Hey guys, how you doing? This is Steve Padernacht with Keller Williams Realty. And I’m back with another episode of SNP TV. And for those of you who don’t know, New York City actually shut down again yesterday for the second time in 2020 due to the Coronavirus and pandemic... Read More
How Much Leverage Do Today’s House Sellers Have?
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for... Read More
Are There Going to Be More Homes to Buy This Year?
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale... Read More
Will Mortgage Rates Stay Low in 2021?
Will Low Mortgage Rates Continue through 2021? With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low... Read More
What Record-Low Housing Inventory Means for You
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which... Read More
Owning a Home is Still More Affordable Than Renting One!
Owning a Home Is Still More Affordable Than Renting One If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise.... Read More