Now that our interest rates have pretty much doubled in the last 8 months, inflation hasn't yet been controlled, supply shortages with infant formula and other necessities, the question is how should I finance my housing purchase? Well, if you look at the current rates, you will find the 7/1 yea
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06/14/2022
Business All Things Real Estate: Many market lessons learned on trip to Spain Business All Things Real Estate: Many market lessons learned on trip to Spain By Philip A Raices - May 30, 2022 0 Share Tweet Pin Email Share Now that I am back from Spain, I can tell you the experience was noth
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05/30/2022
All Things Real Estate: By Philip A Raices - May 30, 2022 0 Being in Madrid, Spain, for the first time over the last few days has been an eye-opener to say the least. I am here on business and will be going to Seville to meet with my Global Committee. We have an MOU (memorandum of understandin
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05/30/2022
As prices continue to escalate in the hottest market on record, interest rates have increased. A little explanation is necessary at this point to make everyone know the gravity of our financial situation. The most recent increase last week was 1/2 percentage point (1/4 point on 3.16.22) by Jerome
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05/15/2022
I have noticed over the years when one is selling, investing, purchasing, renting or even leasing residential and/or commercial properties, human emotion has had quite a lot to do with the process. This perspective is mine alone and not related to any articles or columns that I or you may have re
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05/01/2022
It appears by the response of our stock market this morning on April 25 that from what I have read and hear a 1/4 to a 1/2 point rise in the mortgage rate is automatically being built into stocks with the market at that time down by more than 500+ points. Will this be the bottom or will there be
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05/01/2022
Prices beyond your budget? Downsizing to a condo or co-op will be your best strategy.As prices have escalated since the start of the Covid-19 pandemic in March 2020 and interest rates have increased ¼ of a point as of March 16, I have noticed more and moreindividuals and families rethinking their
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05/01/2022
ATTENTION EVERYONE! MAKE SURE YOU SET YOUR CLOCKS 1 HR AHEAD TONIGHT FOR DAY LIGHT SAVINGS TIME BEFORE YOU GO TO BED OR WHATEVER ELSE YOU ARE INVOLVED WITH OR ENJOYING!
03/12/2022
The variable that no one is talking about is what impact if any the invasion of Ukraine will have on our housing market. We are now into the 11th day of the conflict and intrusion on Ukrainian soil by Putin and his Russian Army. I am quite sure the majority of his soldiers don’t even know why th
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03/12/2022
Now that the moratorium and forbearance programs on foreclosures, short sales, and rentals are over, what will the market look like this year? Currently, there are over 14,000 foreclosures on Long Island. No one can determine how many will be able to stay in their homes, which have built up exce
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03/04/2022
