Real Estate line

After, more than 15 years, as a Real Estate Licensed Salesperson, in the State of New York, I have witnessed, a variety of different, so – called, real estate markets, including: Sellers Market; Buyers Market; and neutral/ balanced ones. I’ve seen high, mortgage interest rates, low ones, and it seems, everything, in – between. The rules, of, Supply and Demand, have, dramatically, fluctuated, from time – to – time! In recent times, a combination of factors, especially, since the onset of this horrific pandemic, have included: record/ historic – low – interest rates; limited inventory of houses, for – sale, and changing priorities, of potential, qualified buyers (in terms of location, style, size, priorities/ perceptions, etc). However, the reality, is, at some point, the market, will probably, change, again, and, with that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 6 probable, intermediate – term, changing, real estate trends.

1. Gradually, rising, mortgage interest rates: These record – low, rates, will, eventually, move up. This will, probably, occur, gradually, based on overall interest rates, which are largely, determined, by the policies, and actions, of the Federal Reserve Bank. Extremely, low rates, make buying houses, more desirable, because, since most, rely on a mortgage, it means, they can afford, higher prices, etc. The present, low – rates, are, largely, due to perceived weaknesses, in the overall economy. If, and, when, the overall, economic conditions, seem to improve, and/ or, there are enhanced, inflationary trends, and stresses, rising rates, most likely, will follow!

2. Return to a more, balanced market: We’ll probably, witness, more balance, between, the number of buyers, and sellers, in the intermediate – future. This will probably, take some time, because, we are living through, strange, and unpredictable times! If/ when, more homeowners, decide to sell their houses, the change, will begin!

3. Changing, desirable trends, and priorities: At present, because of the impacts, and ramifications, of this pandemic, and, the associated, public – health – oriented restrictions, many buyers, seem to be leaving the city, seeking a less – dense, set of conditions! Some priorities, seem, to include: more interior space; different interior features/ priorities; sufficient land, to be comfortable; and other conveniences, etc.

4. Energy/ Heating sources: Many seek more sustainable sources of energy, to meet their heating, and electric utility. needs. We can probably expect, a greater use, of solar panels, geo – thermal, and more energy efficiency, etc.

5. Changing tax considerations: When, the 2017 tax reform legislation, was enacted, it included, SALT restrictions, which capped, the ability to deduct, state and local taxes, from federal income tax returns. This may, at some point, reduce the attractiveness of houses, in certain higher – tax, areas.

6. Different model for real estate taxes: Certain localities have significantly, higher, real estate taxes, than others! At some point, this may, negatively, impact, how desirable, owning a house, may be, in some regions.

Since, for most, the value of their house, represents, their single – largest, asset, doesn’t it make sense, to pay keen attention to, anything, which might impact home value. Will you be a prepared, more – knowledgable, homeowner/ home – buyer?

Free home based business is today opted for by many people due to various challenges in the job market. There are no jobs for many qualified people who are willing and ready to work. These people have skills. They also have good knowledge and mastery of what they have acquired in learning institutions. It is with this that finding a home based business has become part of job search. People are scanning the job market and realizing opportunities through gaps that need to actually be filled. Many such people who scan the market and identify ideas have finally landed themselves jobs. They are self-employed and more interestingly at their convenience, their homes.

Finding a free home based business may as well disturb your mind. Considering the extent and nature of the job market today, competition is very high and really rising every day in every sector. Many people are coming up with good ideas on business creation and actually getting their businesses set from these wonderful ideas. This competition should and is worth considering when finding a business to start freely from home. You definitely have to pick a relevant and ready-to-compete business idea that will help your business compete fairly in the market.

People tend to fear the cost of starting businesses which is usual. Essentially, you cannot start some business with less capital and expect to gain handsomely from that investment. In some cases it may, but in most cases this is not realistic. There are free home based business opportunities that fit such situations. With a home based business, one can utilize his or her skills to come up with a viable opportunity which can turn into a great business enterprise. Commitment and hard work are important stabilizing such businesses.

Free home based businesses beneficial in many ways. One important advantage of this business is that you can actually do whatever you like whenever you feel like it is right. Self-discipline is however very essential in guiding your success and the business for a better place in the competitive market. As you enjoy the fruits of being your own boss, you also enjoy the tax benefits. The business is ideally flexible. You set your own timetable and there is no one around to move you as the case in the offices. For some home based business owners, the fact that they can save much on expenses like traveling expenses is just enough to convince them set a home based business.