When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis wouldn’t happen again. Here’s Continue Reading
Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. The U.S. adds whopping 528,000 jobs in July as the labor market booms. Employers continue to raise wages at a strong clip and generally maintain longer hours for workers. The sustained labor market Continue Reading
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though the supply of homes for sale has been growing this year, Continue Reading
This month, Culturally Inclined, is about the Upper West Side (UWS). The UWS comprises a collection of neighborhoods: Lincoln Square (58th to 70th Streets), the heart of the Upper West Side (71st to 96th Streets), Manhattan Valley (96th to 110th Streets), and Morningside Heights (110th to 125th Streets). Dreaming of summer, frolicking on the Upper West Side is the Continue Reading
Consider this if rising home prices leave you wondering if renting or buying a home in today’s housing market makes more sense. It’s not just home prices that have risen in recent years – rental prices have also skyrocketed. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record Continue Reading
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, that there are concrete data to show why this is nothing like the last time. There’s Continue Reading
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