By Philip A Raices - December 15, 2022 0 In the United States everyone is entitled to purchase a home who is gainfully employed and has adequate income, credit, and debt-to-income ratios to qualify under the Fair Housing Act. However, discrimination and ownership disparity still occurs and ex
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12/15/2022
You have finally found “your place to call home” arrived at an agreed price and been accepted on your purchase of a co-op. You have submitted your offer with your pre-approval from your bank or if cash, proof of funds. Some sellers will ask to see your financials prior to going to contract to be
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12/08/2022
What I am and will be doing for the holidays and as a suggestion for those who can afford to do it, is go out to Target, Kmart, or any box store where you believe someone could use some help paying for their holiday gifts. Check out the lines and pick your person and offer to pay all or part of
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12/06/2022
When it comes to affordability, financial profile, and lifestyle, whether an initial purchase or downsizing, everyone has different needs and wants. Some who have the finances will choose a condo or townhome for the luxury, doorman, and amenities, such as a pool, tennis, and security. However, ot
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12/05/2022
I have been observing the current market and reading the 137 responses that I received from my previous column on Nov. 7. Although my survey isn’t comparable to any national survey via the Labor Dept. or any other government entity, it’s a small microcosm of the feelings of our local Long Island
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11/26/2022
To all Active Rain members and public:With all the turmoil, strife, and sadness in today's world, make Thanksgiving a happier, more enjoyable, and more relaxing day with your Family and Friends.
11/23/2022
There is no doubt that the increases in mortgage rates have slowed down the housing market over the last six months, but it’s not even close to what occurred in 2008. The inventory accumulation back then was 10.4 months (MLS stats) whereas currently, it is 3.2 months. So bubbles in inventories ge
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11/18/2022
0 I am devoting a portion of this week’s column to ascertaining what purchasers, sellers, and investors’ concerns are in our local Long Island market.The following are choices in determining how you would rate your concerns about the current real estate market and where you might place your m
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11/09/2022
All Things Real Estate By Philip A Raices - Nov. 2, 2022 0 Rates have risen again this past week topping 7% on fixed 30-year mortgages and consumers who were contemplating moving are now thinking twice. Those who have much lower interest rates are now deciding on staying where they are or possi
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11/02/2022
October 30, 2022 Most consumers who were or are still looking to buy are somewhat aware ofwhat is occurring in our economy. Serious decisions for so many as to whetherto buy, rent or just sit tight where they are have come into play over the lastyear as rates have doubled. Even when the
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10/30/2022
