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I HIGHLY recommend Donna Cox! She really took the time to well inform me of what is going on in the market. She has more than covered all the bases in highlighting all the most important features of our home and property for the listing (Love the aerial photos!) and has been very attentive every step of the way to keep things moving. Donna is articulate, professional and a pleasure to work with. N.P. – W. Nyack
My experience working with Donna Cox was exceptional! This was my first time selling a property and she made the entire process feel seamless and easy. Donna knows the real estate market inside and out and advised me each step of the way - from staging decisions and pricing to offers and contract language. Donna was always friendly and approachable, I felt like I could text her with questions anytime, and I did. And she was also always the consummate professional. Her goal was to get my property sold. It was a pleasure working with Donna. I would recommend her to anyone looking to buy or sell.C.R.-M., Nyack
I can’t imagine working with a better agent - EVER. I know you do what's right for your clients and in these times of craziness it's nice to feel so comfortable working with you. I know you're our agent but we really feel like you looked out for us like a friend. I only hope we're friends after all the dust settles because you're a good person and such people are few and far between. (E. & S. W. - West Nyack)
Best. Greatest. Knowledge above all. Pleasant. Interested. Caring. Professional. Never met a lady like Donna Cox. Donna kept us updated all the time. She was lovely to work with and really was concerned about us and selling our home. She marketed our home professionally and kept our needs as her priority. I have sold many properties but have never met a real estate agent like Donna. I wish I had more homes to sell because I will miss working with her. As a disclosure we have no family relationship with Donna, we just love her. Hire her. (B. & N. K. – Montebello, NY)
If you are serious about selling your home then Donna Cox is the right real estate agent. As a relocating executive, I needed very quick and predictable results. We were in contract within two weeks in an extremely difficult market for sellers. Donna Cox has a strong marketing background and leverages her core knowledge, skills and current market dynamics when marketing homes to sell. My wife (who was a real estate agent for 15 years and has extremely high standards) and I agree that Donna Cox stands far, far above other agents we interviewed. We would highly recommend her to anyone who is serious about buying or selling a home. R.S. - Stony Point
Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time.
These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago.
Today, we want to assure everyone that this is not the case. Here is a graph created from data released by the Federal Reserve Board which shows the Household Debt Service Ratio for mortgages as a percentage of disposable personal income. The ratio is the total quarterly required mortgage payments divided by total quarterly disposable personal income. In other words, the percentage of spendable income people are using to pay their mortgage.
Today’s ratio of 4.44% is nowhere near the ratio of 7.21% during the peak of the housing bubble and is instead at the lowest rate since 1980 (4.38%).
“The Debt Service Ratio for mortgages is near the low for the last 38 years. This ratio increased rapidly during the housing bubble and continued to increase until 2007. With falling interest rates, and less mortgage debt, the mortgage ratio has declined significantly.”
Many families paid a heavy price because of questionable practices that led to last decade’s housing crash. It seems the American people have learned a lesson and are not repeating that same behavior regarding their mortgage debt.
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.
States in the Midwest came out on top as most affordable, requiring the smallest salaries in order to buy a median-priced home. States with large metropolitan areas saw a bump in the average salary needed to buy with California, Washington, D.C., and Hawaii edging out all others with the highest salaries required.
Below is a map with the full results of the study:
GoBankingRates gave this advice to anyone considering a home purchase,
“Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment. To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income.”
As we recently reported, research from Zillow shows that historically, Americans had spent 21% of their income on owning a median-priced home. The latest data from the fourth quarter of 2017 shows that the percentage of income needed today is only 15.7%!
If you are considering buying a home, whether it’s your first time or your fifth time, let’s get together to evaluate your ability to do so in today’s market!
Copyright 2018 Hudson Gateway Multiple Listing Service, Inc (HGMLS). All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Better Homes and Gardens Rand Realty are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data
Date Last Updated: 2018-04-22