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From 'Urb to 'Burb Blog

Monday, July 6, 2020   /   by Vanessa Saunders

Just when you thought it couldn't go lower...

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
It's happened again. Mortgage rates have eased down another few points to hit a new all-time low. According to Freddie Mac's latest figures, released July 3, the average rate for a 30 year fixed rate mortgage came in at 3.07%. The previous low (which Thursday's beat) was 3.13%. Last year at this time, the rate was 3.75%.
Sam Khater, Freddie Mac’s chief economist, said in a statement, “Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year.On the economic front, incoming data suggest the rebound in economic activity has paused in the last couple of weeks with modest declines in consumer spending and a pullback in purchase activity.”
Equally unheard-of, Freddie put the 15-year fixed-rate mortgage average at 2.56 percent, down slightly from last week’s 2.59 percent, beat ...

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  hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, 'urb to 'burb, housing sales inventory, mortgage rates

Friday, July 3, 2020   /   by Vanessa Saunders

Real estate investing goes digital with blockchain-backed bond offering.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.


Do you fancy investing in a group of vacation villas in Phuket? Or a particular prime piece of residential real estate in London, and have your investment protected by blockchain technology? London Chelsea Limited, a UK investment firm, has partnered with SolidBlock to offer one of the first digital asset funds that invests in real estate, announced Crowdfund Insider on Monday.


London Chelsea advises on the buying and selling of residential investment properties in London and the Home Counties. Its partner, SolidBlock, is a primary issuance platform that intends to facilitate the tokenization of assets which can then be traded on an exchange or alternative trading system (ATS). This is the first digital asset to be offered as a security in the UK facilitated by SolidBlock.


What all of that gives to an investor is the ability to buy into a cross-border residential real-estate investment ...

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  hudson valley real estate, hudson valley property, buying a home, home investment, 'urb to 'burb, blockchain, new technology, cryptocurrency, thailand

Thursday, July 2, 2020   /   by Vanessa Saunders

Five reasons FHA buyers are having a tough time in today's real estate market.

It's a seller's market today in Hudson Valley real estate. This season, an unexpected crop of buyers are rushing north to find permanent residences, or vacation homes outside New York City. So there are relatively few homes for sale, and droves of buyers getting into bidding wars over properties that until now have lingered for months or years unnoticed on the market. When buyers with FHA loan pre-qualification make an offer, as we say in the UK, "they haven't an earthly" chance.
Why do FHA loans get the bum's rush when going up against bidders bringing their higher and best offers? Below are five circumstances we see every day where sellers would be wise to favor an offer with conventional or cash financing over FHA at a higher price.
A low appraisal
Lender's use independent appraisers to determine the value of every property they finance. If a home appraises for less than the buyer and seller agree upon, and the offer is backed by FHA with a minimum down payment, the buyer is as ...

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  hudson valley real estate, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, hudson valley home sellers, housing sales inventory, making an offer on a house, sales strategies, credit scores, home inspections, the economy

Tuesday, June 30, 2020   /   by Vanessa Saunders

Changes in mortgage lending add to buyers' challenges.

Last year at this time, mortgages in forbearance programs represented 1% of all mortgages. As of May 10, 2020, more than 4 million borrowers were able to declare financial hardship and delay making payments on their loans for up to a year. Things are a-changin' in the mortgage world. The Covid-19 pandemic and economic shutdown have left the mortgage markets bubbling with volatility, and lenders are changing to meet the new normal.
Is it still possible to get a mortgage? The answer is yes, but some of the rules have changed.
Lenders are asking for higher qualification thresholds.
Expect more hoops to jump through, especially on mortgages that are deemed more "risky" than others - jumbo loans, high-balance conforming loans and investment property loans.
(A conforming loan is a mortgage that is equal to or less than the dollar amount established by the limit set by the Federal Housing Finance Agency ( (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae.) Buyers will ...

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  hudson valley real estate, hudson valley home, buying a home, hudson valley home owners, 'urb to 'burb, mortgage rates, first time home buyer, mortgage, va loans

Monday, June 29, 2020   /   by Vanessa Saunders

Help US rattle Mark Zuckerberg's brain!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

Starbucks just joined the #StopHateforProfit movement today, so did we, (#globalpropertysystems,) by suspending our July advertising on Facebook and all other social media in protest of allowing hate speech. Here's why you should too.
The movement's website stophateforprofit.org cites numerous examples of how Facebook has allowed hate speech on it's platform, including:
"They allowed incitement to violence against protesters fighting for racial justice in America in the wake of George Floyd, Breonna Taylor, Tony McDade, Ahmaud Arbery, Rayshard Brooks and so many others.
They named Breitbart News a “trusted news source” and made The Daily Caller a “fact checker” despite both publications having records of working with known white nationalists.
They turned a blind eye to blatant voter suppression on their platform."
StopHateforProfit.com points out that putting a dent in ...

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  'urb to 'burb, hudson valley living, saving the world, boycott starbucks, mark zuckerberg, stop hate for profit, stop hate speech

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, 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. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, 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. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.