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In the US housing market, institutional investors don’t dominate as widely presumed. Of the 82 million single-family homes in the country, around 68 million are owner-occupied. Of the remaining 14 million rentals, the majority are owned by small, ‘mom & pop’ investors. Hence, institutional investors are only a minor component in the single-family rental marketplace.
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Homeowners appreciate their homes for three main reasons. Firstly, the home provides a sense of safety and comfort. Secondly, it allows for the freedom of personal expression through decor. Lastly, being a homeowner promotes a sense of community, helping to build lasting relationships with neighbors.
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Homeownership provides many emotional and lifestyle benefits that go beyond a financial decision. A home offers a sense of security, privacy and is a source of comfort. It allows for self-expression through decor and home improvements. Owning a home also promotes a connection to the community and stability. Additionally, a home is a setting for…
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See the latest housing report for Orange County, NY. If you would like to see your particular town, send me a direct message and I’ll email it to you.
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Despite misconceptions stemming from unreliable sources, property prices are not falling, but are simply reflecting usual seasonal fluctuations. Traditionally, home price appreciation accelerates during the peak home-buying season in spring and summer, then slows but continues to grow in autumn and winter. Current price growth is returning to this norm, representing sustainable trends compared to…
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If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a…
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Selling your home during the holiday season could be beneficial, as many buyers aim to purchase a home for the holidays. While some buyers may postpone until January, others may need to move due to life changes. The inventory of homes for sale is lower than pre-pandemic, potentially leading to quicker sales. Sellers can also…
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Selling a house, often the most substantial investment of a person’s life, is a demanding process requiring financial knowledge, time, energy, and emotional control. It includes new terms and concepts and deals with larger figures, making it complex. Emotions often cloud good judgment, potentially leading to issues in sales price negotiation, as homeowners often see…
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Marty Remo, RE/MAX Prime Properties People Are Still Moving, Even with Today’s Affordability Challenges If you’re thinking about buying or selling a home, you might have heard that it’s tough right now because mortgage rates are higher than they’ve been over the past few years, and home prices are rising. Read the Full Post
