• Wappingers Office
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    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
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Real Estate

Millennial Pet Peeve: Calling Them Millennials

NAR Daily News Magazine - August 14, 2017 - 12:00am

The generation is expected to make a big splash in real estate, but they really can’t stand to be labeled. 

Categories: Real Estate

Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans

RisMedia Consumer News - August 13, 2017 - 1:03pm

Would-be homeowners can easily plunk down savings for a home—if they forgo their friends’ one last hurrah before the big day.

A recent report by Zillow reveals the cost of destination bachelor or bachelorette parties can equal up to one-third of a down payment on a median-priced home. With attendees spending an average $1,106 (for destination bachelorette parties) and $1,532 (for destination bachelor parties), according to The Knot, partaking in just nine pre-marriage celebrations—or three each year for three years—would total 34 percent, or $13,788, of a 20 percent down payment on a median-priced home.

Without question, the amount of parties needed to rack up one-third of a down payment varies by market:

Bachelor and bachelorette getaways are just one of several stereotypically “millennial” spending choices called into question as of late. Earlier this year, one real estate developer singled out avocados, telling Australia’s “60 Minutes”: “When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each.”

“Buying a home is one of the most expensive purchases someone will ever make, and for most first-time buyers, that means years of saving money to afford a down payment,” says Jeremy Wacksman, CMO at Zillow. “Attending your friends’ bachelor or bachelorette parties can be a trip of a lifetime. While everyone’s budget and priorities are different, big-ticket expenses like vacations can add up surprisingly quickly—a lot faster than a $19 avocado toast.”

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans appeared first on RISMedia.

Categories: Real Estate

New Twist Revealed in Beverly Carter Case

NAR Daily News Magazine - August 11, 2017 - 12:00am

The couple that kidnapped and killed Arkansas real estate agent Beverly Carter in 2014 used an app to give a false impression of where they were...

Categories: Real Estate

2 Major Reasons Why Inventory Is So Low

NAR Daily News Magazine - August 11, 2017 - 12:00am

The number of homes for sale is the lowest it’s been in two decades, but that may have less to do with market fundamentals than you think....

Categories: Real Estate

Is Housing Affordability Actually Improving?

NAR Daily News Magazine - August 11, 2017 - 12:00am

Growing incomes and low mortgage rates are helping to offset rising home prices in more markets, according to a new index.

Categories: Real Estate

Scam Dupes D.C. Home Buyers Out of $1.5M

NAR Daily News Magazine - August 11, 2017 - 12:00am

A couple lost a fortune in the purchase of their dream home in Washington, D.C., because of a real estate scheme that is...

Categories: Real Estate

Mortgage Rates at Lowest Point in 6 Weeks

NAR Daily News Magazine - August 11, 2017 - 12:00am

The 30-year fixed-rate mortgage reversed course this week, averaging 3.90 percent. 

Categories: Real Estate

Largest Institutional Landlord Merger Proposed

NAR Daily News Magazine - August 11, 2017 - 12:00am

Under the plan, Invitation Homes and Starwood Waypoint Homes would own 82,000 single-family rentals in more than a dozen major markets.

Categories: Real Estate

‘Surprising’ Results in Sentiment Report

NAR Daily News Magazine - August 10, 2017 - 12:00am

With rising home prices and fewer Americans worried about losing their jobs, why are consumers saying it's a not a good time to sell?

Categories: Real Estate

This Town is Going to Pot—Literally

NAR Daily News Magazine - August 10, 2017 - 12:00am

One of the nation’s largest cannabis companies bought the California town of Nipton, and it has big plans for creating a...

Categories: Real Estate

Can Wellness Programs Boost Productivity?

NAR Daily News Magazine - August 10, 2017 - 12:00am

Brokerages may find it beneficial to offer health-related programming for agents, according to this new study. 

Categories: Real Estate

Farm Life in the ’Burbs Is a Hot Commodity

NAR Daily News Magazine - August 10, 2017 - 12:00am

The suburban “agrihood” first sprouted as an alternative to golf-course communities, but now developers are realizing that these farm-...

Categories: Real Estate

Owners Say Their Homes Are Worth More

NAR Daily News Magazine - August 10, 2017 - 12:00am

Appraisers’ valuations are continuing to fall short of expectations, but the gap is narrowing. 

Categories: Real Estate

Luxury Home Prices Soar Even More

NAR Daily News Magazine - August 9, 2017 - 12:00am

"The housing shortage is now affecting the top of the housing market,” says the economist of one brokerage. 

Categories: Real Estate

Consumers Fear Another Housing Bubble

NAR Daily News Magazine - August 9, 2017 - 12:00am

A new survey reveals some growing concerns among consumers about home prices and how they may even be influencing their decisions to sell or buy...

Categories: Real Estate

Loan Demand Gets a Lift From Rate Drop

NAR Daily News Magazine - August 9, 2017 - 12:00am

Interest rates dropped last week, giving homeowners and home buyers more incentive to lock in a rate as they apply for a mortgage.

Categories: Real Estate

On Second Thought, Don’t Make Passwords Difficult

NAR Daily News Magazine - August 9, 2017 - 12:00am

Password guru Bill Burr now says he was wrong, and there are better ways to strengthen passwords than by filling with random numbers and symbols....

Categories: Real Estate

The Priciest Listing in U.S. May Look Familiar

NAR Daily News Magazine - August 9, 2017 - 12:00am

Listed for $350 million, this Beverly Hills mansion is now the most expensive home for sale in the U.S., and it may have a lot of TV fans....

Categories: Real Estate

A Cruel Season for Buyers

NAR Daily News Magazine - August 8, 2017 - 12:00am

Typically, the housing market starts to slow in the late summer and prices drop slightly. But so far that hasn’t been the case.

Categories: Real Estate

4 Ways to Curb Your Lateness

NAR Daily News Magazine - August 8, 2017 - 12:00am

Stop making your clients or family wait for you. Sure, life happens, but learn steps you can take to be more on time.

Categories: Real Estate