NY State prices increased 39%
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Over the past 4 years US home prices have soared an average of 47%. NY State prices increased 39%, while some states such as Florida, the Carolinas, Idaho and Tennessee saw increases of 60+%. States that saw the largest increases, however, are now experiencing larger price cuts as more Homeowners there are looking to sell (for a variety of reasons). Read More
Understanding Current Interest Rates, the New York Real Estate Market, and Upcoming Changes: What You Need to Know!
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As we approach the end of April, the housing market is heating up significantly. Homebuyers and sellers alike are experiencing a dynamic environment where flexibility and informed decisions are more crucial than ever. In this post, we delve into the latest trends, industry changes, and the importance of working with a skilled real estate agent in today’s market. Read More
REAL ESTATE MARKET UPDATE SEPTEMBER 2023
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The Federal Reserve has said they will not increase rates this month but indicated there will probably be one more increase this year. This suggests the Fed is edging toward a peak in the series of rate hikes it unleashed in March of 2022. This unprecedented series of rate increases… Read More
August 2023 Real Estate Market Update
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Lawrence Yun, Chief Economist for the National Association of Realtors, stated in his latest report that the housing recession is over, but the recovery has not taken place. Housing inventories remain at historic lows, down 13.6% nationally from even last year’s low levels. Buyer demand is there, however, as evidenced… Read More
FOUR IMPORTANT POINTS FOR TODAY’S SELLERS IN NEW YORK
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-Be Sure Your Home Is In Good Condition During the pandemic, buyers overlooked a lot as they were looking to take advantage of low interest rates and move to satisfy a different set of lifestyle issues. Now we are in a housing recession, as many experts say, driven by interest… 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
January 2021 Residential Real Estate Market Update
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REAL ESTATE MARKET UPDATE FOR QUEENS & NASSAU COUNTIES, NY – 1/2021 The residential real estate market for Queens and Nassau Counties has continued to be very active since July, 2020, almost making up for 3 months of closure earlier in the year due to the Covid-19 pandemic. Read More
August 2020 Queens/Nassau Counties Residential Real Estate Market Update
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The August statistics supplied by One Key Multiple Listing Service show our market markedly improving after the several month shutdown for Covid-19. All markets are benefiting from the lowest mortgage Interest rates on record. The reported trends of those leaving Manhattan is true and as many employees can… Read More