James P. McKenna
Coldwell Banker Realty
 

Your Local Real Estate Connection - The Father/Son Team: The Jim's 

  • Each of our Homes get a Professionally Produced Television Spot on PIX11 the CW
  • Each of our Homes gets a Interactive Floor Plan and a Single Property Website: www.88Woodhull.com
  • We do Professional Magazine Grade Photo's for all our Listings
  • We do a 20 page Professional Property Brochure & Property Specific Coloring Book
  • We can professionally stage your home
  • We can target home searches
  • We have strong negotiation skills
  • We will support you throughout the closing and beyond
  • Call The Jim's today:  631-974-9153
 

    

Image Of Agent

James P. McKenna

Coldwell Banker Realty

Home Equity: How to Use it from The Jim

Link to full blog post article

Homes Are More Affordable Right Now

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why. According to the Mortgage Monitor Report from Black Knight: “While home prices have risen for 97 consecutive months, July’s record-low mortgage rates have made purchasing the average-priced home the most affordable it’s been since 2016.”How is that possible?Black Knight continues to explain: “As of mid-July, it required 19.8% of the median monthly income to make the mortgage payment on…
Information Copyright 2020, Multiple Listing Service of Long Island, Inc. All Rights Reserved.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Multiple Listing Service of Long Island, Inc.