Eric Hsu - SpaceMAX Realty

Study: Homeowner Wealth is 40 Times Higher Than Renters
Property appreciation has surged in the last decade, giving most homeowners more than $100,000 in equity lending further evidence that homeownership is an important avenue to build household wealth. "Homeownership is a catalyst for building wealth for people from all walks of life,” says NAR Chief Economist Lawrence Yun.

Study: Homeowner Wealth Is 40 Times Higher Than Renters Most owners have earned more than $100,000 in equity over the last decade, but discrepancies among racial groups persists, according to new NAR data.

Pending Home Sales Tick Up for Third Month in a Row
Pending home sales rose 0.8% in February, the 3rd consecutive month of improvement as the housing market grapples with high mortgage rates, elevated prices and a limited supply. February’s gain follows January's 8.1% increase, when warm weather and a dip in mortgage rates encouraged buyers.

Pending Home Sales Tick Up for Third Month in a Row The report is a good omen for the spring homebuying season.

Homebuyers Move Swiftly To 'Lock in a Good Deal Now'
Mortgage rates are still falling as the Fed announced another quarter-point rate hike — and indicated increases may be nearing their long-awaited end. “With rates below 6.5%, more Americans can purchase the median-price home by putting 18% down without being cost-burdened,” says Nadia Evangelou, senior NAR economist.

Homebuyers jump on chance to 'lock in a good deal now': Mortgage rates continue to melt as economists dream of a real estate 'rebound' in spring While lower rates are helping buyers overcome affordability hurdles, home prices are still expected to remain high.

Just Sold!
222 Cypress Street, Floral Park, NY 11001
$820,000 and financed by Rocket Mortgage