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New York Real Estate Experts Blog

Friday, February 7, 2014   /   by Rummy Dhanoa

Market Mortgage Report for February 2014 Update

Market Mortgage Report for February 2014 Update 
 
Westchester and Bronx NY 
 
 
This week's key economic data showed that the performance of the economy in January was weaker than expected. The shortfalls caused stocks to decline and mortgage rates to improve, but the impact was surprisingly small.
Both the Employment report and the ISM Manufacturing data saw big misses. Against a consensus forecast of 185K, the economy added just 113K jobs in January. Also disappointing, many investors had hoped to see a large upward revision to the weak December reading, but it was little changed. The ISM national manufacturing index declined sharply to 51.3, far below the consensus of 56.0. For perspective, the increase in jobs reflects improvement in the labor market, and readings above 50.0 indicate an expansion in the manufacturing sector. The issue is that the pace of economic growth has slowed.




 




 






Average ...

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Sunday, February 2, 2014   /   by Rummy Dhanoa

FHA Mortgage Limitation for Westchester NY 2014

FHA Mortgage Limits List  For Westchester NY 
 
MORTGAGE LIMITS SUCCESSFULLY COMPLETED 
This is a listing of the FHA single family mortgage limits. This listing was downloaded from the Department's Computerized Home Underwriting Management System. Since mortgage limits are updated constantly, please contact the Homeownership Center if you believe this information is in error. 
 





County Name


County
Code


State


One-Family


Two-Family


Three-Family


Four-Family


Median Sale Price




WESTCHESTER


119


NY


$625,500


$800,775


$967,950


$1,202,925


$783,000




 



CY2014 basic standard mortgage limits for FHA insured loans are:


 
 
 
One-family
 
Two-family
 
Three-family
 
Four-family
 


 
FHA Forward
 
$271,050.00
 
$347,000.00
 
$419,425.00
 
$521,250.00
  ...

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Tuesday, January 28, 2014   /   by Rummy Dhanoa

Tips for Property Management in Westchester and Bronx NY

"Poor cash-flow management is causing more business failures today than ever before," declares Philip Campbell at Inc.com. These failures are often attributed to a lack of cash flow, but Inc.com claims it is the mismanagement of the cash flow that poses the real threat. This is an especially salient issue for property managers who, in spite of a full building, may be facing empty bank accounts in the middle of each month.
 
 
Target the Cause of the Leak
 
Before you can fix your cash flow problems, you need to figure out where the leaks is. Are tenants refusing to pay the rents or are the rents too low? Look at other rentals in your area and make sure that your prices are comparable. Keep in mind, however, that a responsible tenant can be worth more than a couple of hundred dollars each month, and try not to drive away any stable tenants with aggressive rent increases.
Are your buildings only half full? Vacancies are your worst enemy, and if your bu ...

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Tuesday, January 28, 2014   /   by Rummy Dhanoa

Prevent And Fix Freezing Water Pipes This COLD Winter

Prevent And Fix Freezing Water Pipes This COLD Winter NY 2014 
With current sub zero and way below average freezing temps sweeping the New york State the first thing that many homeowners   suffer from is frozen water pipes. The best way to deal with this is to prevent them from freezing in the first place. But if the freezing takes place, you'll have to act fast to minimize the damage and thus, the costs of repairs.
 
 

•Know Where Your Water Main Shut-Off Valve Is Located 

Everybody should know where there Water main shut-off valve is located and Find out the shut off from the street . Take a picture or mark it so if the main value breaks the plumber can get to it easier .. 
I just had this happen to my Yonkers Homes. 
 
 
 
This is a very important need to know that if you do not know where it is now you need to locate it and ensure it can easily be turned off. The sooner you can shut off the water in an emerge ...

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Tuesday, January 28, 2014   /   by Rummy Dhanoa

Tips for Property Management

 
Before you can fix your cash flow problems, you need to figure out where the leaks is. Are tenants refusing to pay the rents or are the rents too low? Look at other rentals in your area and make sure that your prices are comparable. Keep in mind, however, that a responsible tenant can be worth more than a couple of hundred dollars each month, and try not to drive away any stable tenants with aggressive rent increases.
Are your buildings only half full? Vacancies are your worst enemy, and if your building is harboring a lot of empty space, it may be time to mix up your advertising strategy.
Perhaps maintenance issues are causing the issues. Can you save costs by doing some of the work yourself? Do you need to spend more on routine maintenance so you can spend less on repairs?

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New York Real Estate Experts
Team Of eXp Realty
2150 Central Park ave, Suite#209
Yonkers, NY 10710
914-920-2299
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Office: 888-270-0672

The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Rummy Dhanoa - eXp Realty - New York Real Estate Experts are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than eXp Realty - New York Real Estate Experts are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2019 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
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