Virtual Showings

Its certainly not business as usual and lots of buyers have put moving to a new home on the back burner. But some of my clients, for various reasons, need to sell or buy right now. We are doing so with new protocols for safety and innovative marketing including virtual showings. Stay safe my friends!

 

virtual showing

Economic assistance, pre-pandemic sales & equity access

CARES ACT

The CARES Act signed into law on March 27 in response to the economic fallout from our nation’s efforts to curb the spread of COVID-19 has several provisions to help consumers suffering financial strain. Consumer relief measures include the ability to request mortgage payment forbearance and temporary freezes for student loan payments, certain evictions and foreclosures. Consumers can begin the assistance process by contacting their loan servicers and landlords.

RATES RECEDE

Mortgage interest rates trended downward for the first time in three weeks according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 26. The PMMS attributed the drop to “the Federal Reserve’s swift and significant efforts to stabilize the market.” Freddie’s analysts noted, “the combination of the Fed’s actions and pending economic stimulus will provide substantial support to the mortgage markets.”

STILL SELLING

Pending home sales were up 2.4% from January to February, and 9.4% year-over-year according to the National Association of Realtors® (NAR). As for what’s next, NAR Chief Economist Lawrence Yun said, “Numbers in the coming weeks will show just how hard the housing market was hit, but I am optimistic that the upcoming stimulus package will lessen the economic damage and we may get a V-shaped robust recovery later in the year.”

HELOC HELP

Economist Elliot Eisenberg, PhD spotted a spike in homeowners seeking cash amid economic uncertainty. Eisenberg says that outstanding home equity loans rose $2.3 billion to $317.2 billion for the week ending 3/18/20. Outside of an increase during the last government closure, this was the first increase in home equity loans since the week ending 2/1/12, when they rose $4.7 billion to $553 billion.

Knolls East condos and townhouses for sale in the Hamlets Nanuet Real Estate

Knolls East Condos – The Hamlets – Nanuet Real Estate

Together, Knolls East, Timberline, Vista at Kingsgate, Treetop and Eagle Ridge are the Hamlets, one of the most sought after condo developments in the Rockland County real estate market.

Search Nanuet NY Rockland Real Estate Homes For Sale, Nanuet Condos for sale and Nanuet Town houses for sale

Knolls East Condos in Nanuet are immaculate contemporary tri-level town houses located in the prestigious Hamlets. Knolls East is a beautiful neighborhood with park like settings off  the rear decks. Knolls East is known for 9 quiet cul-de sacs wrapping around Wedgewood Parkway in the Hamlets. They are Milford, Wyndham, Nottingham, Knightsbridge, Yorkshire, Trafalgar, Revere, Oxford and Kensington Court.  Knolls East is also known for the bay windows in the living room and master bedroom.  Many units are spectacularly sun drenched and totally renovated.

The front door of these condos usually leads to a ceramic tile hallway. Some unit owners have added hard wood floors at the entry.  The ground level contains access to an attached garage with an electric door opener plus driveway parking. The ground level also has a laundry room and an office or den which could be perfect for a family room, home office, gym or guest room. The second floor in Knolls East has large kitchens with lots of counter space, a dining area sufficient enough for double-digit dinner guests and a private deck through sliding glass doors. A few steps up will lead to a spacious living room. Many Knolls East condos are warmed by wood burning fireplaces in the living room. Don’t forget the above mentioned bay windows as well as soaring cathedral ceilings.  Knolls East in Nanuet truly has a great open floor plan perfect for entertaining. On the third level you will find the master bedroom with a full attic inside the master closet.  A second bedroom will also be on this level.

While the previously mentioned floor plan accurately describes the units located on Milford, Wyndham, Nottingham and Kensington please be advised a newer section of the complex (Knolls East IV,) has a different lay out.  The units on Knightsbridge, Yorkshire, Trafalgar, Revere and Oxford have a colonial style floor plan with entrance directly into the living room level. This section of Knolls East often has a basement with two separate rooms which can be used as a third and fourth bedroom, family rooms etc. These condos have two assigned parking spots but no garage.  The biggest advantage of

Knolls East Amenities

Each section of the Hamlets has its own pool. The Knolls East pool sits between Nottingham and Knightsbridge Court. The unit owners on these two streets rave about the convenient pool access from their back doors. The complex also has tennis courts, handball courts and a club house which accommodates seasonal concerts. Knolls East Condos in the Hamlets of Nanuet is also one of Rockland County’s pet friendly condo complexes. On a sunny day in the Hamlets you can meet pet owners jogging, walking and mingling with other residents and their pets.  The real estate property taxes for Knolls East in Nanuet are approximately $6,000 per year. The HOA fees are roughly $350 per month.

Knolls East has an express bus to NYC directly from the complex.

How’s the Market?

Click here for all Knolls East condos for sale in the Hamlets.

The most expensive unit ever sold in Knolls East sold for $415,000.  This was a spacious Nanuet condo; light and bright freshly painted multi level town house boasting a finished lower level family room, a huge country kitchen with new appliances and two pantry closets, deck off the kitchen and master bedroom with master bath and walk in closets. This Rockland County Condo also had a new half bath, two new full bathrooms. Plus an alarm system and intercom throughout the entire home. The central air conditioning was only 3 years old; the water heater was only two years old. This condo also had a new washer and dryer.  It turned out to be a great find for a new Rockland County Homebuyer looking in the Hamlets of Nanuet!

Nanuet Real Estate Search for Listings

Try out map based search for condos in Nanuet. You will love the navigation!

Eagle Ridge Condos and townhouses for sale in the Hamlets, Nanuet Real Estate

Together, Knolls East, Timberline, Vista at Kingsgate, Treetop and Eagle Ridge makes up the Hamlets, one of the most sought after condo developments in the Rockland County real estate market. Take the Palisades Interstate Parkway to exit 10S (Middletown Road, Nanuet.) Turn Right onto Smith Road and then right at the top of the hill (Kingsgate Parkway) Welcome to the Hamlets!  From here your first right turn will be into the Eagle Ridge condo complex, Nanuet condos with spectacular views!

Click here to view all Eagle Ridge condos for sale in the Hamlets, Nanuet NY.  Listings are provided through the Greater Hudson Valley Multiple Listing Service.

Eagle Ridge condo listings for sale in Nanuet, Rockland County NY real estate market area.

Eagle Ridge condos in Nanuet were built in 1994.  This is the newest section of the Hamlets.  Residents love Eagle Ridge due to the proximity to Nanuet trains and busses, New York State Thruway and lots of shopping. (Spring Valley Market Place) These condos have central air, loads of closets and storage space, spacious private decks, skylights, recessed lighting, vaulted ceilings, hi-hats and crown moldings.

Eagle Ridge amenities include a children’s park, community pool, tennis courts, basketball court and clubhouse, Guest parking is plentiful nearby. Enjoy the outdoors with year round greenery.

Search Nanuet NY Rockland Real Estate Homes For Sale, Nanuet Condos for sale and Nanuet Town houses for sale

Eagle Ridge Condos have many styles and models.  The most prevalent models are the
Bucknell and Upper Bucknell condos, (These are 1050 to1150 square feet condos. The bedrooms are on the same level as the living area. Down the hall from the Kitchen and Living room is a half bath, laundry area and master bedroom offering large closets and a full master bathroom. Originally these were one bedroom condos with an adjoining room.  Most owners have placed a wall dividing the two areas for a second bedroom. Both Upper and Lower Bucknell styles have a private lower level ideal for a family room, guest suite or exercise area. The lower level also accesses private garage.

Cambridge models are mid size town houses in Eagle Ridge. These are 1400 sq feet, 2 bedrooms, 2 full bathrooms plus one half bathrooms on three levels of living space.

Eaton Models are 2000 square feet townhouses with the possibility of a fourth bedroom conversion.  Eaton models in Eagle Ridge have standup attic with so much storage space. These units have extra spacious living rooms with cathedral ceilings.  The master bathrooms have showers with separate soaking tubs.

Fordham models are the largest Eagle Ridge units.  In addition to the features mentioned above, these homes have two car garages and 2400 square feet.  These are as big as a house. (Without all the exterior maintenance, of course!)

Eagle Ridge has amazing views from all over the complex! Enjoy mountain views from Woodland Terrace, wooded scenery from the quiet cul-de-sacs and have your morning coffee and watch the sunrise. Privacy seekers love the beautiful landscaped retaining wall running along the bottom of Eagle Ridge Way. At night-time enjoy the ambiance of pretty street lights and the sense of security of a well lit neighborhood. This Rockland Condos complex truly is a MUST SEE!

How’s the market.

Click here to see all the Eagle Ridge condos for sale in Nanuet NY. 

The most expensive home ever sold in eagle ridge sold for $522,500.  This was a STUNNING townhome with spectacular eastern skyline views. This home had an extra full bathroom on lower level.  Bright, sunny, well cared for.  Gleaming hardwood Floors.  Extra built-ins created sought after counter space in the kitchen.  Two car garage.  Clarkstown Schools.  Sliders leading to private deck off the large dining room.  Loads of closet space. Quiet cul-de-sac setting.  Club house/Pool/Tennis and an alarm system.

Eagle Ridge Nanuet street names include Eagle Ridge Way, Hilltop Terrace, Mountain Terrace Skyline Terrace and Woodland Terrace.

VIEW ALL NANUET CONDO LISTNGS

Amber Fields real estate, Nanuet townhouses and condos for sale

amber fields condo complex nanuet town house for sale, nanuet real estate

Take a drive through Nanuet and discover Amber Fields, Nanuet Real Estate. Amber Fields condos
and town house complex is located in Rockland County NY.  Moments away from Costco, Lowes and
Target near RT 59 in Nanuet.

Click here for active Amber Fields
condos for sale in Nanuet

Search Nanuet NY Rockland Real Estate Homes For Sale, Nanuet Condos for sale and Nanuet Town houses for sale

There are approximately 131 units in Amber Fields.
Original Construction date: 1996-1997
Original offering price at time of construction $160,000 to $200,000 depending on size.
Exterior/End unit town houses size  2300-2400 square feet.
Interior/Center unit town houses size 1800-2000 square feet.
Most expensive town house to sell in Amber Fields was $509,000 at the peak of the market- November 2005
Amber Fields amenities: Condos with a pool, Club house, Tennis Courts, playground, basketball courts .
Individual unit features: Condos with a garage, 9 feet high ceilings, some units with private backyard and outdoor patios.
Homeowner’s Association Management Company: First Residential Management company.
Average monthly HOA fee – $395.00

Click here for active listing in Amber Fields, Nanuet provided by Rockland County’s Hudson Gateway Multiple Listing Service

Amber Fields Street Map. Amber Fields includes Meadow Lane, Brook Hollow, Hampton, Autumn, Long Valley and Cragmere Drive. Across the street from New Clarkstown road resides the Hamlets.
Alexander Court is located in the Versailles Condo complex.

Amber Fields nanuet condo complex street map in Rockland County NY. Street Names include Meadow, Brook Hollow, Cragmere, Long Valley Autumn and Hampton Drive.

 See all the Nanuet Condos!

Rockland Real Estate Market update

The real estate market in Rockland County is currently on ‘pause’ Under governor’s orders, showings of homes for sale must cease. With that said, some people still need to buy, sell or move right now. And they are doing that with new protocols for safety in place such as virtual showings. We’ve still seen new homes come on the market in the last week or so.

Mortgage rates experienced some volatility this week, based on the global market’s reaction to the coronavirus.  The Federal Open Market Committee (FOMC) called for another emergency rate cut last Sunday night and cancelled its scheduled meeting.  Retail sales declined.  Job openings increased.  Home builder sentiment declined slightly but remains positive.  Mortgage application submissions declined after the previous week’s significant gains.  Housing starts and building permits each declined.  Weekly jobless claims increased as the American workforce starts to experience layoffs due to coronavirus closures. 

The Future of the US Housing Market

This month marks the 11th anniversary of the government takeover of the mortgage giants Fannie Mae and Freddie Mac. Last Thursday, The Trump administration released its long-awaited blueprint to reform the nation’s housing finance system and privatize GSEs Fannie and Freddie.

The plan consists of a series of recommended legislative administrative reforms aimed to create a competitive mortgage market with a limited government role, protect American taxpayers against future bailouts, and help guide Americans toward the path to homeownership. Whether the government successfully recapitalizes these agencies and ends this conservatorship or not, loanDepot is uniquely and proactively positioned with capital and a world class capital markets team to benefit from any changes that may transpire

Home Price Trends

  • The CoreLogic HPI Forecast indicates that home prices will increase by 5.4% on a year-over-year basis from July 2019 to July 2020
  • Over a quarter of Millennials have expressed interest in buying a home in the next year

Consumer Housing Sentiment Among Millennials

The expected reacceleration of home prices over the next year to just over 5% is caused by lower mortgage rates, making it more affordable for millennials to enter the market in the upcoming months. This increased demand for housing is the major driver for higher home prices, which we’ll likely continue to see rise for the foreseeable future.


Mortgage rates dropped again this week! The 30-year fixed mortgage rate averaged 3.49% for the week ending September 5, a slight drop from 3.58% prior week. By contrast, mortgage rates stood at 4.54% a year ago, almost a full percentage higher than today. The historic low for 30-year rates was 3.31% in November 2012.