As many of you know, it has been our long standing tradition to write a Thanksgiving message to our friends and family. Originally, this year I thought I would not do so because of the very recent passing of Ellen’s father and my father-in-law, Herb Pilelsky. As way of background, I grew up in NYC and always wanted to experience […]
There are a number of factors currently influencing the real estate market and the economy in general. Interest rates, low housing inventory, potential government shut-downs, labor strikes, inflation, and higher real estate prices have all added to a four-month low in the consumer confidence level. Why? Many consumers are concerned that the economy is headed to a recession over the […]
If you are a homebuyer seeking a mortgage and the house you contract for appraises for less than the actual contract price, you need to fully evaluate whether to waive the so-called appraisal gap. Waivers of appraisal typically occur in high demand real estate markets, where there are more buyers seeking homes than sellers listing their homes. As a result, […]