The Santulli-Pekija Team at Douglas Elliman

Great article below on upcoming Douglas Elliman event for NYC buyers at Bank of America 2/27 https://www.offthemrkt.com//the-home-buying-workshop-you-c Register now: Space is limited.

#Repost @keepingcurrentmatters (@get_repost) Last year, the average mortgage rate was 3.93% (substantially higher than it is today). If you have buyers that waited for a better time to make a move, market conditions have improved significantly. ... Today’s low mortgage rates are a huge perk for buyers, so it’s a great time for your potential buyers to get more for their money and consider a new home. This chart shows how much buyers would save per month based on today’s rates compared to what they would have paid if they purchased a home exactly one year ago, depending on how much they finance. #realestate #wealth #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #nyc #newyork #manhattan #nycrealestate #douglaselliman #keepingcurrentmatters See more

#Repost @keepingcurrentmatters (@get_repost) The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low. It now sits at a 2.5-month supply at the current sales pace. ... Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market, in which there are enough homes available for active buyers. #realestate #wealth #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #nyc #newyork #manhattan #nycrealestate #douglaselliman #newyorkrealestate #manhattanrealestate See more

#Repost @keepingcurrentmatters (@get_repost) In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed.

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner, a primary home accounts for 90% of the total wealth of a family in the U.S. Most large purchases, like cars and appliances, depreciate in value as they age, so it’s understandable to question how... owning a home can increase wealth over time. In a simple equation, the National Association of Realtors (NAR) explains how the combination of paying your mortgage and home price appreciation grow overall wealth: Principal Payments + Price Appreciation Gains = Housing Wealth Gain. As home values increase and you make payments toward your home loan, you’ll gain wealth through equity. The same article from NAR also addresses how wealth gains tend to play out over time, stating, Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation. And while home prices can fall, home prices tend to recover and go up over the longer term. As of September 2020, the median sales price of existing home sales was $311,800, a 35% gain since July 2006 when prices peaked at $230,000. Taking a look at how equity has grown for the typical homeowner, it’s clear to see how real estate is a sound long-term investment. NAR notes, Nationally, a person who purchased a typical home 30 years ago would have typically gained about $283,000 as of the second quarter of 2020. Whether you’re a current homeowner planning to put your equity toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth and overall wealth. Owning a home is truly an investment in your financial future. #realestate #wealth #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realest

#Repost @theb1m (@get_repost) Imagined by Rescubika (@rescubika_creations), the 737-metre "Mandragore" would be New York's first megatall skyscraper and the world's tallest carbon sink. The proposal is a response to the City of Tomorrow competition which asks architects to present projects that could help cities achieve carbon neutrality by 2050. The residential skyscraper would use wooden materials and passive energy techniques, such as an air-ground heat exchanger. Ev...ery apartment would also include an office room, to encourage people to work from home more and commute less. Over its 160 floors, the tower would have 36 wind turbines, 1,600 trees, 24,500 square metres of plant walls, and 7,000 square metres of photovoltaic façades. See more in the full article on TheB1M.com. Images courtesy of Rescubika. #construction #architecture #architecturelovers #carbon #newyork #TheB1M #nyc #sustainability #sustainabledesign #megatall #tall #tower #skyscraper #engineering #trees #building #manhattan See more