As 2016 quickly winds down, the question now on the minds of homebuyers and home sellers is what 2017 will portend for the residential real estate market in the United States… Early on a Monday morning these are some points pondered by Hallmark Abstract Service with the thoughts from real estate industry giants Zillow and Realtor.com offered […]
For the very wealthy all-cash buyer or someone who can easily qualify for a mortgage, location can be an extremely easy decision! But for the other 90%+ of Americans who may fall somewhere below these two categories, so-called ‘average’ wage earners, the affordability factor in the rent vs buy decision or when choosing a potential homes […]
In an October 2013 article we noted how Blackstone Group had become the largest owner of rental homes in the U.S.! In fact at the time, the worlds largest private equity firm had offered Wall Street’s first ‘rental-backed security’. Well now Blackstone had made another large purchase of U.S. rental property (10,399 multifamily units) signaling that, in this company’s […]
Higher rents putting a crimp in savings rates coupled with higher prices for houses means first-time homebuyers have to wait that much longer! Some may have noticed that the rent vs buy comparison has been a common thread for the last few articles that have appeared here. Net Worth Comparison: Owners vs Renters! Percentage Of Income […]
It’s often stated that for many Americans a majority of their net worth is in the equity that has have grown in their primary residence! While of course that component of wealth took a major hit from the 2008 financial crisis slowly, along with rising home values, some portion of that wealth has come back. Recently […]
Spending over 40% of income on rent is nothing new in New York City, Los Angeles and Miami but… Those trends are taking hold in more and more metro areas around the country as well! So while rents continue on a sharp upward trajectory, it may surprise some (or not) that while the national average of monthly income […]
While spending $500,000 a month for an apartment in Manhattan is not in the cards for 99.9999999% of New Yorkers, rents in general are on the rise and the inventory to choose from remains sparse! In a Fox Business News interview with Miller Samuel CEO Jonathan Miller (@jonathanmiller), the state of the rental market in New […]
First-time homebuyers remain an important segment of the real estate marketplace as the statistics in this Infographic show! And while statistical analysis of the rent versus buy decision-making process, particularly in markets like New York City, tries to determine whether financially one or the other makes the most sense, homeownership still remains one of the great American […]
In an article on April 24 Hallmark Abstract Service had presented the findings of a New York City Comptroller’s Office report that concerned the affordability of housing in the five boroughs! The title of the article, ‘NYC Housing Affordability: Survey says…it really isn’t!‘, told anyone who was about to read it most everything that they needed to […]
Follow @Hallmark Abstract Service As housing continues to heal from the financial crisis that had devastated real estate markets around the country, the question then becomes whether at some time we reach a point where affordability becomes an issue! We recently wrote an article here that had provided an interactive chart of the stability of […]
