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Big Move: Chelsea Clinton & Husband Buying NYC Condo | South Salem Homes
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Tag Archives: South Salem Homes for Sale
57% Of Online Consumers Have Confidence In Product Videos | South Salem Realtor
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Blogs Influence Consumer Spending More Than Social Networks | South Salem Realtor
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FDIC Chair paints brighter picture for U.S. banks | South Salem Homes
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Understanding HECM loan’s dual interest rates | South Salem Homes
This is a great time for senior homeowners to take out a home equity conversion mortgage (HECM), especially if they don’t need the extra money now! Sounds crazy? It isn’t, so read on.
The federal HECM reverse mortgage program allows seniors 62 or older who own and occupy their homes to take out a mortgage against it. What makes it a “reverse mortgage” is that the amount owed tends to rise over time, whereas on a standard mortgage it tends to decline.
This difference arises from another one, which is that no payment is required on a HECM until the senior sells the house, moves out of it permanently, or dies. On standard mortgages, as every borrower knows all too well, they must begin making payments immediately.
Another important difference between HECMs and standard mortgages is the role of interest rates. A feature unique to HECMs is that every transaction involves two interest rates.
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South Salem NY Weekly Real Estate Report | RobReportBlog
South Salem NY Weekly Real Estate Report
Homes for sale 70
Median Ask Price $609,499.00
Low Price $239,000.00
High Price $3,200,000.00
Average Size 2690
Average Price/foot $272.00
Average DOM 188
Average Ask Price $709,403.00
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Billy Bob Thornton Moves From Beverly Hills to Brentwood | South Salem Homes
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Tiny House Movement Grows Bigger | South Salem NY Homes
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Builders: Don’t forget Realtors brought you to the dance | South Salem Real Estate
Dance image via Shutterstock.
Editor’s note: This is the first in a series of articles on homebuilders’ willingness to pay commissions to real estate agents who can bring buyers to their properties.
As the housing recovery picks up steam and new-home sales return to historical levels, will builders stop courting Realtors?
Sales of new single-family homes were up 28.9 percent from a year ago in January, to a seasonally adjusted annual rate of 437,000, according to a recent U.S. Census Bureau report. That’s the best January since 2008, and there’s plenty more room to run — new-home sales exceeded 1 million a year during the last boom.
“It is safe to assume that new homes construction will continue to move forward, if not surge,” said David Crowe, chief economist for the National Association of Home Builders, in a February report.
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Capture international buyers as they pursue their real estate fantasies | South Salem NY Real Estate
I have a thing for property in France, but Italy is pretty interesting, too. Love those dusty old villas, chateaus. It is probably no coincidence that both places have great wine … but I digress.
The point here is that I am referring to countries, because I have only broad-brush knowledge of their geography.
Just as I window-shop listings in Italy and France with little regard for the actual placement of regions and towns, international buyers are prone to that here, too. All of America can be more or less the same to them, at first.
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