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New York Real Estate Experts Blog

Friday, December 28, 2012   /   by Rummy Dhanoa

year End mortgage rate and Housing news

Housing Ends Year on High Note
The fiscal cliff talks were the primary influence on mortgage rates again this week. A lack of progress on reaching a deal caused investors to shift to safer assets such as bonds. As a result, mortgage rates ended the week a little lower.
The housing sector data released this week was again encouraging. November New Home Sales rose 4% from October to the highest level since April 2010 (when the homebuyer tax credit was about to expire). November Pending Home Sales, a leading indicator, also rose to the highest level since April 2010, and were 12% higher than one year ago. According to the NAR Chief Economist, "Home sales are recovering now based solely on fundamental demand and favorable affordability conditions."
Housing ends the year on a definite upswing. Existing Home Sales rose roughly 10% during 2012, and the National Association of Realtors (NAR) forecasts a similar increase for 2013. Total housing inventory of available existing homes is at th ...

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Saturday, December 22, 2012   /   by Rummy Dhanoa

Why You Shouldnt Give Presents to Tenants

Why You Shouldn't Give Presents to Tenants
Give a Holiday Gift Voucher Instead

I know lots of landlords who like to deliver a turkey, a bottle or cookies for the Holidays to their tenants. It's a nice gesture. I've done it too, but please don't get me wrong. I learned a long time ago that it is not a good idea to get in the habit of giving gifts to tenants.
Many of you know what I mean. Tenants normally think they deserve the gifts you give them. Then they expect them each year. What if you don't give a gift to your tenant after you gave him something the previous year? There may be hard feelings on the tenant's part. After all, they feel it is their hard earned rent money that you are using to buy their gift along with all the other comforts you enjoy in life.



So, if you must reward your tenant for paying the rent as agreed, why not make it worth your while too? Let the tenant earn your gift by paying the rent early. 


Email me if you want the Voucher !! ...

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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.