914.337.7888 | info@hom-realestate.com
914.337.7888 | info@hom-realestate.com
Realtors are licensed real estate agents who are members of the National Association of Realtors (NAR). There has been much news coverage of the recent (April 2024) settlement NAR reached to settle a lawsuit brought by homeowners in Missouri. The settlement requires Realtors throughout the country adopt new ‘practice changes.’ I thought I would give …
Continue reading “New practice changes for Realtors in the USA By Joe Houlihan”
I thought it would be interesting to do a monthly analysis of the local Real Estate market in different areas of Southern Westchester. This month, let’s take a look at the Bronxville PO section of Yonkers. Here is brief table with basic data. To give some context, for the five-year period 2015-2019 we had an …
Here are my thoughts regarding the recent settlement between homeowners and the National Association of Realtors (NAR) that has been much publicized in the media. It is important to understand that neither NAR nor any state or local Realtor associations ever set a standard commission. They definitely do not encourage their members to charge a …
Continue reading “Joe’s Corner – Thoughts on Recent Settlement with NAR”
Empty nesters are often thinking of their next move and the question comes up – condo vs. co-op? I thought I would provide some of the basics. When you purchase a condo, you are purchasing real property that is recorded with a deed much like a house. Owners of a condo get their own real …
Simply put, it could not be a better time to be a seller in the current real estate market. Here are the facts as they pertain to the market for ‘single family’ homes in Westchester County: There is a lack of competition – with so few properties being offered for sale, the ones that do …
Dr. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently gave a presentation at the Hudson Gateway Association of Realtors (HGAR). He summarized what’s been happening in both the residential and commercial markets. He wound up his presentation with a positive forecast 2024. As an economist, he gave a lot context for …
Higher mortgage rates have knocked some buyers out of today’s housing market. Those same rates are keeping some people in their houses longer than they might have chosen to stay. Most property owners that have a mortgage on their home, have interest rates hovering in the 3% or lower range. Making a move up or …
Higher mortgage rates and the resulting higher monthly payments is not the only issue affecting today’s housing market. The much bigger effect of the higher mortgage rates is the decrease in the number of homes being offered for sale. Most property owners are keeping their homes ‘off the market’ because they cannot afford to give up the …
As a real estate agent, one of the things that people talk to me about are interest rates. In April 2022, the Federal Reserve started their now infamous policy of raising the ‘Fed Funds’ rate. The rate has been increased nine times in the past twelve months. What is the ‘Fed Funds’ rate? It is …
In this market, it is important for your home to be advertised to its fullest potential and that inquiries be handled as close to real time as possible. Houlihan & O’Malley has the know-how to create ads online and in print to effectively and successfully market your home. SOLD: 38 Archer Drive, Bronxville PO/Eastchester Sold …
Continue reading “HOULIHAN & O’MALLEY REAL ESTATE – Q1 ‘23 ACTIVITY”