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When is it a good time to Rent? Definitely NOT NOW!

RENT IDL

 

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

A recent Wall Street Journal article reports that rents rose “faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.”

The article also cited results from a recent Reis Inc. report which revealed that average effective rents rose 4.6% in 2015, the biggest gain since before the recession. Over the past 15 years, rents have risen at a rate of 2.7% annually. 

Where are rents headed?

Jonathan Smoke, Chief Economist at realtor.com recently warned that:

“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”  

Bottom Line

NAR’s Chief Economist, Lawrence Yun had this to say in the latest Existing Home Sales Report:

 “With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now.”

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet up to determine if you are able to today!

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Posted by on May 26, 2016 in Uncategorized

 

June 2015 Housing Newsletter from Irene D. Lockel-Netter Real Estate

June 2015 Housing Newsletter from Irene D. Lockel-Netter Real Estate

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Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends June 2015 Newsletter:
http://IreneLockel.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of real estate professional, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is also filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, community reports that map shopping, schools, recreation and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://IreneLockel.housingtrendsenewsletter.com/homeworth.cfm

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your real estate professional in the future.

Sincerely yours,

Irene Lockel
Netter Real Estate
404 Montauk Highway West Islip NY 11795
631-661-5100 116 | 516-410-5944
ILockel@netterrealestate.com

http://www.IreneLockel.com

 

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Five Reasons Why I Love Where I Live!

VineyardsBarrrier BeachesLong Island is one of the most beautiful places to live!  With our beaches on the south shore, the Long Island Sound on the North Shore, wineries, historical attractions, fabulous restaurants and cultural events, we are truly blessed New Yorkers!  For those who enjoy city life, but not to call it home, a 50 minute train ride gets you into Penn Station New York – and all the city has to offer is at your fingertips, from the Statue of Liberty, Ellis Island, Museums, Empire State Building, Freedom Tower and the shows on Broadway, you can always visit NYC and return to suburban life at the end of the day.

Music on Long Island (Nassau and Suffolk) is strongly influenced by the proximity to New York City and by the youth culture of the suburbs.  There are many venues to attend a concert, from Jones Beach Nikon Theatre in the summer months, to the NYCB Theatre at Westbury for a wide range of artists and fabulous entertainment to the YMCA Boulton Center in Bay Shore which features quality arts programs that entertain, educate and inspire the culturally, racially and economically diverse population of Long Island. A wide range of programs and classes are offered across the arts spectrum including music, dance, film and spoken word. Particular emphasis is placed on education and outreach.

Nikon Theatre

But of all these fabulous things to do in the community where I live, by far my favorite is enjoying the seasons at our beaches, Robert Moses State Park. Day trip and take your spot in the sand on a summer day, or take a ferry over to Fire Island where you can enjoy a day at the beach, shopping and dining waterside. Or, take a drive out to Montauk and visit the lighthouse.

The Beach

A trip to the Hamptons is always a fabulous way to spend the day – shopping, dining and enjoying many cultural events and designer fairs.

As a realtor here on Long Island south shore, many of my listings feature luxury homes on the waterfront. Presently one of my favorite listings is on Oak Beach at 62 The Narrows, with outstanding views from every room! Sunrises and sunsets are extraordinary and the lifestyle of beach living truly unique.

62 The Narrows Oak Beach

So to recap, there aren’t too many places that offer its residents as much as Long Island. I love Long Island, beaches, dining, entertainment options, homes, vineyards and of course its close proximity to New York City.

What a truly fabulous place to call HOME!

http://activerain.trulia.com/blogsview/4677162/june-contest-five-reasons-you-love-where-you-live-

710 103 Sailboats racing Sailing

 

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Gratitude~Can be Good For Your Health and You Can Find Inner Inspiration!

Gratitude Blog Post to WordPress IDL

Please click on this link to view the Housing Trends October 2014 Newsletter:
http://IreneLockel.housingtrendsenewsletter.com

 

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Link

<a href="http://IreneLockel.housingtrendsenewsletter.com?Newsletter_ID=309” title=”February 2014 Housing Newsletter From Irene Lockel”>February 2014 Housing Newsletter From Irene Lockel

Whether you are considering a move or just curious about the current Housing Trends in your neighborhood, take a look at the numbers just released from February 2014. 

Remember, when you need a professional Realtor, call Me.  I would be honored to help you navigate the process and see you succeed in selling or purchasing a home.

 

 
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Posted by on March 17, 2014 in Uncategorized

 

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While The Hoomin Is Away….

So you think you can get away with it? You never know who is watching!

Cute Overload

…the mice doggeh will play. Even if it earns him a sock in the snoot.


From Metro UK.

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Posted by on March 17, 2014 in Uncategorized

 

OPEN HOUSE: Great River – Sunday, February 23rd.

Irene Lockel cordially invites you to an open house
at 32 Redwood Drive in Great River
 on Sunday, February 23rd, 1:00pm-3:00pm.

Come And Discover the “South Shore’s Best Kept Secret”.
“Where the Streets wind and you unwind”!

Price Just Reduced. Offered $749,000.

Property Tour: http://www.Obeo.com/854371.

 

 

Front 32 Redwood Drive Great River

Kitchen 32 Redwood

Den Great RiverSun Room Great River

 

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