Encore Mortgage Programs in a Buyer's Market

Good Morning New York, Real Estate with Vince Rocco

The real estate market throughout the years has benefited many people, from buyers to sellers to investors. But even with relatively low-interest rates and reduced selling prices today, there is still a big gap between the number of people that want to own a home and those that are able to make that purchase. Getting a mortgage is inevitable. Unfortunately, standard mortgages are not always accessible for many people, especially first-time buyers. But there are programs out there. We will talk to a banking expert this morning. Also at this Hour: The millennial generation and their consumption habits are largely blamed for fundamental changes in several industries like retail and the housing market. But according to CNBC there seems to be new interest in buying value and 2020 could be the year of change for Millennials buying homes. And what are the succession rights in rent stabilized and rent controlled apartments?

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