The Millionth Article Advising You to Get Pre-approved Before Visiting Homes for Sale

The Millionth Article Advising You to Get Pre-approved Before Visiting Homes for Sale

You’ve read it before, unless you just learned to read (in which case house hunting is a long way off for you), on financial platforms, blogs, real estate websites, magazines, ne....

How Will The Fed’s $40 Billion Monthly Bond Purchase Affect Westchester Real Estate?

How Will The Fed’s $40 Billion Monthly Bond Purchase Affect Westchester Real Estate?

Perhaps you’ve heard the news that the Federal Reserve announced today that it will buy $40 billion per month of mortgage backed securities to keep rates low. Lots of terms h....

Should Interest Rates be Raised? Probably Yes.

Should Interest Rates be Raised? Probably Yes.

If there is one thing we can learn from the real estate market of the past 5 years it is that mortgage rates alone will not cause a recovery. When rates went below 6%, then 5%, and....

Is That $30,000 Incentive to do a Short Sale for Real?

Is That $30,000 Incentive to do a Short Sale for Real?

A number of short sale clients have shown me letters, mostly from Chase, offering them an almost incomprehensible amount of money if they’ll do a short sale. It would seem ha....

Down Payment Assistance in Westchester County

Down Payment Assistance in Westchester County

In a high cost area like Westchester County, one of the biggest obstacles to home ownership by otherwise qualified  buyers is saving for a down payment. With rates so low, it is....

QRM, Skin in the Game, and the Abdication of Conventional Wisdom

QRM, Skin in the Game, and the Abdication of Conventional Wisdom

If everyone put 20% down on their home that the housing market would probably be healthier. And in other news, if I french kiss a skunk, I won’t be the most popular guy in an....