Category Archives: Uncategorized

Why This Staten Island Summer Is the 2020 Real Estate Season

Why This Summer Is the 2020 Real Estate Season | MyKCM

With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, Staten Island summer is the new spring for Staten Island real estate.

Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:

“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.”

Additionally, according to Google Trends, which scores search terms online, searches for real estate increased from 68 points the week of March 15th to 92 points last week. As we can see, more potential homebuyers are looking for homes virtually.

What’s the Opportunity for Buyers?

Another reason buyers are coming back to the market, even with forced unemployment and stay-at-home orders, is historically low mortgage rates. Sam Khater, Chief Economist at Freddie Mac indicates:

“For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic…As states reopen, we’re seeing purchase demand improve remarkably fast, now essentially flat relative to a year ago.”

With mortgage rates at such low levels and states gradually beginning to reopen, there’s more incentive than ever to buy a home this summer.

What’s the Opportunity for Sellers?

Finding a home to buy, however, is still a challenge, as this spring sellers removed many listings from the market. Though more people are now putting their houses up for sale this month as compared to last month, current inventory is still well below last year’s level.

According to last week’s Weekly Economic and Housing Market Update from

“Weekly Housing Inventory showed continued tightening. New Listings declined 28% compared with a year ago, as sellers grappled with uncertainty and hesitated bringing homes to market. Total Listings dropped 20% YoY, a faster rate than in prior weeks, leaving very few homes available for sale. As Time on Market was 15 days slower YoY, asking prices moved up 1.5% YoY.”

If you’re thinking of selling your house this summer, now may be your best opportunity. With so few homes on the market for buyers to purchase, this season may be the time for your house to stand out from the crowd. Trusted real estate professionals can help you list safely and effectively, keeping your family’s needs top of mind. Buyers are looking, and your house may be at the top of their list.

Bottom Line

If you’re thinking of selling, many buyers may be eager to find a home just like yours. Let’s connect today to make sure you can get your house in on the action this summer.

Turning Your Old Clothes into a 15% Discount

#SISustainability: Turn your old clothes into a 15% discount

STATEN ISLAND, N.Y. — In a world of fast fashion, where trends come and go and clothes are made quicker and cheaper than ever, we’re disposing of clothing much faster. Textiles – clothing, shoes, towels, and more – make up 5.7% of NYC’s residential waste, which amounts to almost 200,000 tons added to landfills.

Silver Lake, Staten Island, New York

Hidden Staten Island: See what’s inside those Silver Lake Reservoir gatehouses

STATEN ISLAND, N.Y. – If you visit Silver Lake Park to jog, walk your dog, fish, or to just enjoy the great outdoors, you’ve likely walked across the reservoir bridge too many times to count. And you’ve passed those cool gatehouses on either side of the bridge. I know I have.

Bayley Seton Site, Staten Island, New York

Spooky visit to decrepit ‘Doctors Row’ building at old Bayley Seton site

STATEN ISLAND, N.Y. – Under the auspices of the Salvation Army, buildings on the what was once Bayley Seton Hospital property in Clifton are being demolished to make way for a new and badly needed recreation center. But some of the historic structures on the old hospital site are still standing, even if they are in deteriorating condition.

Abandoned Funeral Home – and Other Finds…

Staten Odd-land: Eerie vacant funeral home, and a strange shack in the North Shore woods

The Tudor Funeral Home on Victory Boulevard has been for sale for a while now. Tom Wrobleski | At night I’ve been drawn to the almost spectral orange glow from the lighting inside the building. Tom Wrobleski | I snapped this photo through the front door window one night.

Staten Island in the 1930s and 1940s

Staten OLD-land: Vintage shots show quirky stores, majestic homes of a bygone era

STATEN ISLAND, N.Y. – The New York City Municipal Archives has digitized more than 720,000 photos of properties in the five boroughs taken between 1939 and 1941. Organized by block-and-lot numbers, the photos are an amazing treasure trove of spectacular homes, quirky stores and other long-vanished structures.

Hylan Blvd., Staten Island in the 1980s

The Wanderer: Check out these cool 1980s photos of stores and businesses on Hylan Boulevard

STATEN ISLAND, N.Y. – When I did my 13-mile trek down Hylan Boulevard recently, it stirred memories for a lot of people. There was nostalgia for businesses along the roadway. So I checked the vintage block-and-lot photos at the NYC Municipal Archive to see what I could find.

More Staten Island, Vacant and Abandoned

Strange shacks, old abandoned trucks make for a creepy scene in South Shore woods

STATEN ISLAND, N.Y. – When I was in junior high school back in the late 1970s, me and two of my friends would swim in the water off a beach area at the end of Arbutus Avenue in Huguenot.

North Shore, Staten Island, Hidden Finds

Staten Odd-land: Strange fishing shacks and a hidden auto graveyard on the North Shore waterfront

STATEN ISLAND, N,Y. – I’ve been on Bank Street in New Brighton a bunch of times in recent months, looking at an abandoned building and keeping track of the demolition of the old U.S. Gypsum plant. I thought I’d seen everything there was to see in the area, but you never know what you’ll find if you keep looking.