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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

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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

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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

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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

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As more individuals and families have become vaccinated and resumed more normal leisure summer activities or vacations, real estate markets have seen the pace of sales slow over the past several months as we enter ” a new phase of the housing market” said Redfin Chief Economist Daryl Fairweather.  Prices have… Read More