Date Archives: June 2017

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June
26

Century 21 American Homes would like to congratulate Larry Theodore - Licensed broker associate - Farmingdale. Larry Theodore Larry was recently honored at the Century 21 Awards Banquet for being the top-producing Century 21 real estate agent in the New York metro region for 2016, as well as one of the top 21 agents in Century 21 Worldwide. Source: Newsday.com Larry was also featured recently in Top Agent Magazine. The article captures Larry's early days as an entrepreneur at the age of 13 with his very own landscaping business. Larry learned the value of hard work from his grandfather, he gives his all in each of his 100+ transactions done every year. Source: TopAgentMagazine.com Larry was again featured in Newsday's Hometown Shopper as Merchant of The Week. Larry's hard work and dedication to his clients inspires all of us. To learn more about Larry Theodore, visit LarryTheodore.com, e-mail ltheodore@c21amhomes.com, or call 516-859-8738.
June
9

If you're not planning on buying a home any time soon, perhaps you should be. Just over half (54 percent) of Americans say they are likely to buy a home in the next five years – up 12 percent from last year – according to the 2017 BMO Harris Bank Homebuyers Report. In addition, Americans surveyed will average a 32 percent down payment. The report, conducted by Pollara, also found that: - Among likely first-time buyers, 80 percent plan to get preapproved for a mortgage before making an offer and 10 percent are already preapproved. - Around four-in-five will set a budget before looking for a home. - The majority (65 percent) of those looking to buy a new home will consult a real estate agent, while 61 percent said they will visit online real estate websites and 38 percent will seek recommendations from friends and family. The benefits of homeownership are many, but among the most significant are: - Owning a home is a secure long-term investment. - Tax deductions make homeownership a much smarter financial path than renting. - When you own a home, you are free to do with it as you see fit - paint, remodel, add-on and personalize to your heart's content. According to the report, 70 percent of American homeowners spent six months or less looking for a new home before they made a purchase. In addition, 10 percent bought their home without participating in an active real estate search – or even any plan to buy at all – because a specific property caught their attention. The report also found that Millennials (the generation born between 1982 and 2004) are more likely to use a mobile device as a resource to help in their home search (37 percent). In addition, Millennials are more likely than older age groups to rely on recommendations from friends and family (45 percent) when conducting a home search. Source: BMO Harris Bank

Reprinted with permission from RISMedia. ©2017. All rights reserved.

June
1

Mortgage rates this week bottomed to a new low for the year, with the 30-year, fixed rate averaging 3.94 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate, at the same time, averaged 3.19 percent, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.11 percent. [caption id="attachment_10457" align="aligncenter" width="550"]modern yellow detached house in the suburbs modern yellow detached house in the suburbs[/caption] "In a short week following Memorial Day, the 10-year Treasury yield fell four basis points," says Sean Beckett, chief economist at Freddie Mac. "The 30-year mortgage rate remained relatively flat, falling one basis point to 3.94 percent and once again hitting a new 2017 low." Source: Freddie Mac For the latest real estate news and trends, bookmark RISMedia.com. The post Mortgage Rates Bottom to New Low appeared first on RISMedia.

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