Mohamed Elbaroudy, LSA, Realty Connect USA

Not sure if you should buy a home? Rent payments easily could build equity in your own home. The chart below gives you an idea of what happens to your money over time. The rent you pay adds up considerably over a period of years. If you are still renting let’s connect and see how I can help you to become a homeowner!

Home prices just smashed another record! (CNN) - Home prices in the US continued to climb in April, reaching new highs and rising at the fastest pace on record. Looking only at single family homes, prices were up 20% from last year, the fastest price appreciation since NAR began tracking those prices in the early 1970s. Homes are selling in a record fast 17 days, according to NAR, and an overwhelming 88% of homes sold in April were on the market for less than a month.... In addition, mortgage rates, which have been at record lows, are trending up, with forecasting rates will reach 3.5% by year's end.

The numbers show that Americans Choose Real Estate as the Best Investment. For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history. Let’s connect if you’re ready to make real estate your best investment this year.

Why You Should Sell Your House Now? There’s no doubt that 2021 is the year of the seller when it comes to the housing market. Look at those graphs and see what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season. Let’s connect today so you can learn more about the opportunities in our local area.

2 bedrooms apartment in E. Elmhurst. Excellent and well maintained Apx1000Sq Ft apartment with 2 large bedrooms in a historic building in the heart of E. Elmhurst. Quiet Tree Lined Street, Close to all major highways, transportation, shopping, and schools, located in the 3rd-floor elevator building, Fully renovated kitchen with SS appliances, granite countertop, and decorative backsplash. Plenty Of Storage. Soundproof Flooring. Pet-friendly .laundry facilities on-premises ...Must see. https://mohamedelbaroudy.realtyconnectusa.com//lid-602abfb

Breaking News: Eviction Ban Is Unlawful. Court Strikes Down Eviction Ban U.S. District Court Judge Dabney L. Friedrich of the District of Columbia struck down a nationwide eviction moratorium Wednesday, calling it unlawful. Friedrich's ruling applies nationwide.... The eviction ban was put in place last year by the Trump administration using public health powers granted to the Centers for Disease Control and Prevention during health emergencies. The ban was most recently extended by President Biden through the end of June. In her 20-page ruling, Friedrich said, It is the role of the political branches, and not the courts, to assess the merits of policy measures designed to combat the spread of disease, even during a global pandemic. The question for the Court is a narrow one: Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not. The Georgia and Alabama Association of REALTORS, two housing providers, and their property management companies, filed the suit in defense of mom-and-pop property owners around the country struggling to pay bills without rental income for more than a year. NARwhich helped secure nearly $50 billion in rental assistance provided by Congress since December to help tenants pay their bills and provide relief to housing providers who have lost incomesupported the lawsuit, saying the ban was no longer needed. NAR has always maintained that the best solution for all parties was rental assistance to cover the rent, taxes and utility bills for tenants struggling during the pandemic, says NAR President Charlie Oppler. This decision prevents two crisesone for tenants, and one for mom-and-pop housing providers who do not have a reprieve from their bills. With rental assistance secured, the economy growing, and unemployment rates falling, there is no need to continue a blanket, nationwide eviction ban. With this safety net firmly in place, the market needs a return to normalcy and stability. Oppler adds that our attention now should turn to the swift and efficient implementation of rental assistance.

Congratulations to the Ibrahim’s family buying this house to be home .. It was my pleasure helping you and wish you many years with health and happiness in your new home.

There will be more foreclosures entering the market later this year, especially compared to the record-low numbers in 2020. However, the market will be able to handle the increase as buyer demand remains strong.

Thinking about buying or selling a house... Feel free to contact me and I will guide you through the whole process and make it a pleasant and remarkable experience. Real Estate transactions can be very stressful and disappointing if you don’t have an expert guide to walk you through the process. I got you covered from A to Z with knowledge and expertise. Call me for free market analysis in your target area.

To those interested in the real estate market in New York... December 2020 figures and sales compared to their same month last year 2019 in Queens, Nassau, and Suffolk counties. 1-The average price of a house sold is $ 550000, up by about 13.4 % from last year. 2-Properties sold are 4607 properties, up by about 31.48 % from last year. 3-The number of properties available for purchase is 14043, and this number is about 4.8 % less than last year. 4-The number of properties cont...racted to sell, but the procurement procedures did not end until the end of the month is 3696, up from about 38.58 % from last year. 5-Total real estate sales from the beginning of the year until the end of December is $ 22.1 billion, which is about 5.2 % higher than last year. Despite the recovery of the real estate market this year, the increase was only about 5 percent due to the suspension of buying and selling movement during the months of March and April due to Corona virus. The bottom line here is that despite the increase in average real estate prices due to the lack of supply, there is an increase in demand due to the decrease in the price of credit for buying properties. The mortgage rates are at an unprecedented historical number, which is about 2.5 % on loans for 30 years. Another factor contributing to the appreciation in property values is the large amount of the city population moving out to Long Island since most are now working from home and want to avoid the congestion of the city. When we put the numbers into perspective, we find that every hundred thousand dollars you borrow to buy a property the monthly installment to pay is only $ 400 a month for 30 years. If you compare this to the price to rent currently you will find it is more financially beneficial to purchase and build equity in your own home. If you have any questions or queries or want to buy or sell any property, please feel free to contact me. I will be with you step by step and clarify all procedures for you and help you achieve your dream. Good luck to everyone. My utmost respect. Mohamed Elbaroudy Licensed Real Estate Agent Realty Connect USA.

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Whether you’re ready to buy or sell a home in 2021, if you’re planning to take advantage of the market this winter, let’s connect to talk about the opportunities available in our local market.