In this episode, George addresses a question received from a potential home buyer who is curious what the minimum down payment is if he is a first time buyer, but his wife is already a co-signor on another property. George then talks about a recent Aha in which he learned the actual steps that must be taken in order to challenge your NYC property tax assessment. George then talks about 2 new listings that just hit the market this week (1 bedroom junior 4 condo in Forest Hills and a 2 bedroom coop in Jackson Heights) and lastly discusses what's going on in the stock market and economy. 

Step by Step Guide to Challenging your Tax Assessment: 

https://www.queenshometeam.com/blog/step-by-step-guide-on-how-to-challenge-your-nyc-property-tax-assessment/

New Listing in Forest Hills (1 BR Junior 4 Condo): 

https://search.queenshometeam.com/idx/details/listing/b056/3376539/119-49-Union-Turnpike-12A-Forest-Hills-NY-11375

New Listing in Jackson Heights (2 BR Coop): 

https://search.queenshometeam.com/idx/details/listing/b056/3378190/34-40-78th-Street-2H-Jackson-Heights-NY-11372 

Mortgage Rates drop to Pre-Pandemic Levels: 

https://fortune.com/2022/02/23/mortgage-applications-plunge-pre-pandemic-levels/ 

In this episode, George answers the question, "is now the right time to buy a property in Queens?" and "is now the right time to sell a property in Queens?". He then dives into the topic of NYC Bedroom Codes, talks about a new 1 bedroom coop listing in Kew Gardens, and then talks about the market and economy. Take a listen and drop us a line if you have any questions :) 

NYC Bedroom Code info: 

https://fontanarchitecture.com/bedroom-codes-nyc-habitable-space/ 

New Listing Details: 

https://search.queenshometeam.com/idx/details/listing/b056/3376398/118-60-Metropolitan-Avenue-5L-Kew-Garden-Hills-NY-11415

Today's Rates: 

https://www.bankrate.com/mortgages/mortgage-rates/?type=newmortgage&market=2&propertyvalue=500000&loan=400000&perc=5&prods=1&fico=740&points=All&cs=0&zip=11370

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Daniel Akerman goes over all the major stats for the Brooklyn real estate market in 2021, and specifically the 4th Quarter. He talks about the major real estate headlines for Brooklyn, what went on in the Brooklyn market, how it compared to 2020 and 2019, and provides thoughts on where the Brooklyn real estate market might be headed in 2022.

George walks us through all the data for the Queens real estate market at the end of 2021, detailing what happened in the Queens market in Q4 compared to the previous quarter, as well as Q4 of 2020, and he gives his opinions on what 2022 might have in store. As always, George packs this one full of great information, so pull out your notebooks! 

Dan reviews some of the key real estate headlines for New York City in 2021 and gives his thoughts and observations on the 2021 Manhattan real estate market and what 2022 might have in store for the Manhattan market, including stats and data from UrbanDigs.com

Everyone loves to have more money available. Here are 5 quick tips on how to save some dough!

With the flooding that happened in NYC as a result of rainfall from Hurricane Ida, and several deaths mostly in basement apartments, renewed scrutiny has come to the whole issue of basement apartments in NYC. Mayor De Blasio announced a period of no fines to owners of illegal basement apartments. In this episode, George and Dan go over the decision and the ramifications for NYC homeowners.

At the beginning of September, 2021, Hurricane Ida passed over New York City, dropping record amounts of rain and leading to serious flooding. In this episode, George and Dan go over how FEMA assistance works, who is eligible for it, and how to file for the available FEMA assistance. If you had flooding and damage to your property, you need this information!

https://www.fema.gov/disaster/hurricane-ida

https://www.fema.gov/disaster/4615

https://www.dfs.ny.gov/consumers/help_for_homeowners/disaster_flood/Register_FEMA

Queens Home Team team owners George and Abigail Herrera recently went into contract on an investment property and picked up a couple of nuggets about the lending process and mortgages. In this episode, we look at some tips for shopping around for lenders. We also look at the "rate lock" aspect of mortgages, and different considerations that a buyer might make when deciding on the right strategy to lock their interest rates -- or even whether to lock them at all!

For homeowners, potential sellers and prospective buyers, keeping up to date on the market and getting expert advice is important for many reasons. Although we're well into the 3rd quarter, we wanted to share the market stats for the 2nd quarter and give some insights into what the market is doing, some analysis on what the number mean, and some thoughts on where the market might be headed. Better late than never!