The Unicorn Years vs. Today’s Real Estate Market in New York
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We’re going through an unusual time now and as far as the real estate, and housing market statistics go because the years 2020 to 2022 are becoming what they’re calling the unicorn years unusual time period. We had droves of first-time buyers and second-time buyers trying to take advantage of… Read More
What’s Expected for the housing market in Queens and Long Island in 2022?
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Inventory Shortage: As we can see from our local stats the number of homes for sale is down from previous years. It is felt this could take several years for these levels to normalize nationally. Low-Interest Rates: Even though the Federal Reserve has plans to increase interest rates three times… Read More
QUEENS RESIDENTIAL MARKET UPDATE – SEPTEMBER 2020
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Queens sales were up in the third quarter just ended from the second quarter, although total sales For the year are down as a result of the Covid shutdowns. There is usually a slowdown of market Activity in the fall, but September showed an… Read More
What to Expect for the 2020 Real Estate Market, & Queens Real Estate Update for December 2019!
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NAR (National Association of Realtors®) had a first-ever housing forecast summit this past December. The economists attending said they expect the economy to continue to expand, real estate prices will continue to rise and the see only a small chance for recession in 2020. Lawrence Yun, Chief economist for… Read More