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Babylon, Merrick, Farmingdale among hotspots for millennial homebuyers
Matt and Michelle Porcaro had placed offers on 10 houses. They were two years into their search, with hearts set on living near their parents in Massapequa. But time after time, they were beaten out by cash buyers — usually builders with big renovation plans, said Matt Porcaro. “Because it was so challenging to find anything, we started sending mail to people in the area,” he said. “We wanted to go right to the sellers, to see if they’d be willing to sell directly to us.” Matt and Michelle, both 32, work as an electric engineer and physician assistant, respectively. Together they drove around Massapequa, taking note of houses they liked. They…
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‘A real estate bottom?’ More homebuyers jump back in as the year kicks off
Actual estate brokers validate what housing facts is starting off to show: More homebuyers are rising from their self-imposed hibernation. The volume of home finance loan apps for household buys rose 25{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} week above week, the Mortgage Bankers Association (MBA) survey for the week ending Jan. 13 found. Housing sentiment ticked better at the end of last yr, per Fannie Mae. And property builders are reporting an raise in consumer site visitors in January, the first uptick considering that December 2021, according to an market survey. These customers are hoping to reap the benefits from a additional favorable marketplace, bagging seller incentives alongside with a a little bit decreased home…
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Real-Estate Agents Are Ripping Off Homebuyers
The other day, Linda, the real-estate agent whom my wife and I used to buy our home, called me out of the blue. It was the first anniversary of our closing. I had forgotten. She had not. As she asked about my family and how we were liking the house, I remembered her salty, knowing, singsong voice. She’d been a comfort to us, offering advice during some tough moments when I was stressed out and wrangling with the sellers. I’m pretty sure there was a point when I had broken down in tears. She’d also kicked the tires on the asking price, abrasively noting — in front of the seller’s agent…
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