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There are also more homes to choose from and in Queens, there was a 26% increase in the inventory of homes for sale compared to what was available last year at this time - 4,012 for sale last year and 5,063 properties for sale at this time. Months supply of homes for sale has risen to 6 months from a 4.9 month supply in 2018 at this time. We now have what's considered more of a balanced market with an equal number of buyers and sellers. Read More

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As interest rates dropped closer to 4.5% from the 5% mortgage rates that prevailed through the fall of 2018, buyers began to take advantage of this 1/2 point difference and a real savings in monthly payments. The Federal Reserve has indicated rates should remain fairly stable throughout the year. This in combination with an increase in the number of homes for sale, should help create an active spring housing market. Read More

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The Luxury market in Queens is usually thought of as single family residences $1,000,000 and up in price. There are currently 381 of these homes listed for sale at this time. Here are some Queens neighborhoods with $1 million+ properties currently listed (not all neighborhoods shown): Bayside- 49 homes; Beechhurst - 8; Douglaston - 24; Flushing - 76; Forest Hills - 15; Fresh Meadows - 20; Jamaica Estates - 15; Little Neck - 21; Malba - 7; Whitestone - 46. Read More

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As we finish 2018, buyers are being cautious, taking their time to find the right home and bidding carefully, eager to keep within their housing budgets. A recent update on the housing market (station 880 radio segment 12/16/18 on Ric Edelman's Program) mentioned that the housing market was starting to look like 2005. Housing prices have had a 10 year run-up in values and wages have definitely not increased at nearly the same rate. There is an affordability problem that is being felt nationwide and certainly here in New York City. The advice given was that when buying a home today, make a buying decision based on lifestyle needs and not investment expectations. This rate of increase for the past 10 years is not the norm and likely will not be repeated for the next 10 years. Read More

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There may come a time when living in the same home you've lived in for years may not be the best circumstance for you or your family. When contemplating a move, there are four indicators to consider: hazards in the home, maintenance issues, finances and loneliness. Read More

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There is a lot of speculation about the demand for housing not only in that location but in other neighborhoods of Queens and Long Island with transportation convenient to Long Island City. Neighborhoods such as Astoria, Jackson Heights, Sunnyside, Woodside and Forest Hills have been mentioned initially, but neighborhoods throughout Queens may benefit because of the variety of types of housing and prices more affordable than Manhattan and many neighborhoods of Brooklyn. Read More

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The Number of Properties Currently for Sale in Queens is 4,989, up from 4,252 homes for sale last year at this time - an increase in supply of 17%. More homeowners are deciding to sell feeling conditions are good, and this sentiment will eventually change what has been a several year shortage of homes for sale. Read More

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Excellent agents used to delivering "top-bar" service act as a true project manager or quarterback of your move, working harder, better, and differently to ease the stress of moving. Their goal is to ensure a smooth and profitable move for you and your family. They skillfully manage all those in the process - attorneys, title closers, movers, mortgage representatives, home inspectors to name a few - and are proactive and preemptive at recognizing what could become a problem, providing timely solutions. Read More

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The financial crisis showed many that even the “best laid plans” may not work out.  The markets have come back, however – both in stocks and real estate – but it is more important than ever to plan for your retirement plus consider caregiving situations impacting your ageing family members… Read More