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Buying Points Off Your Loan, Homebuyers Opt for Longer Commute, Q2 Brooklyn Market Data

Martin Eiden | September 6, 2021

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New and Noteworthy

Buying Points Off Your Loan

If you're buying a home, you can to purchase "discount" points to lower your interest rate - but you could also use that cash to make a larger down payment. Use this tool to help you figure out what makes sense for you. One point costs 1 percent of your mortgage amount, or $1,000 for every $100,000. So one point on a $400,000 mortgage would cost $4,000. (More on this)

Homebuyers Opt for Longer Commutes

More house hunters are trading longer work commutes for lower home prices. NYC, SF, & LA are among cities that have seen home prices rise faster in farther-flung neighborhoods compared to those closer to business centers. It’s a sign that the appeal of being close to the work-place is waning as employees embrace remote work & come to expect more flexibility in their work schedules. (Full Story)

Q2 Brooklyn Market Data

The bustling and thriving Brooklyn borough had

a record-setting quarter, total sales

volume and the average sales price

climbed to all-time highs. C

losed sales increased 126

percent year-over-year, representing

the highest number of deals since Q2

of 2018.

All in all, the Brooklyn real estate

market is booming, and it shows no

signs of slowing down. (Full Report)

Team News

New in New York

TURNS 1

To celebrate turning 1 year old, we are re-launching New in New York: A 6-part mini-series where we toured some of the most luxurious properties New York has to offer. It was an exciting journey and we are thrilled to reintroduce you to this awesome series.

Watch

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236 Lewis Avenue Bedford-Stuyvesant 4 Bed \| 3.5 Bath Open: 7/25 10:30am - 12:00pm	431 West 54th Street, Unit 4D Hell's Kitchen Alcove \| 1 Bath Open: 7/25 11:00am - 12:00pm
99 Jane Street, Unit 4F West Village 2 Bed \| 2 Bath Open: 7/25 2:00pm - 3:30pm	47-55 39th Place, Unit 2E Sunnyside 1 Bed \| 1 Bath Open: 7/25 3:00pm - 4:00pm

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Martin Eiden Team

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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Buying Points Off Your Loan, Homebuyers Opt for Longer Commute, Q2 Brooklyn Market Data

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