Manhattan Market Report for the week ending March 3rd, 2023, Supply closed out at 6,266 and trended upward. Pending Sales at 2,310 and off-market listings (delisting) maintain the market pulse at a .38% level. Demand is ticking higher. Three consecutive upticks in "demand," and hopefully, it will remain for the spring season. The Manhattan market impressively Continue Reading
During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR): “Multi-generational buying may be a home where Continue Reading
You may have seen reports in the news recently saying it’s better to rent right now than to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot of the time, these reports assume things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting Continue Reading
Key Take Aways The gap between selling and buying can be stressful. If you’re considering selling your house, explore all your options for your next home. Both newly built homes, including new development and existing homes offer plenty of unique benefits. Rent Back Options may be an option. One of the most convenient housing options while you wait to move Continue Reading
Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Recent Years Because of the imbalance between how many homes were for Continue Reading
If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. They’re Experts on Market Trends With today’s housing market defined by change, it’s critical to work with someone who knows Continue Reading
Manhattan Market Report for the week ending February 24th, Supply closed out at 6,173 and trending up 2%. Pending Sales at 2,240 and off-market listings (delisting) maintain the market pulse at a .36% level. Demand is ticking higher. Two consecutive upticks in "demand," and hopefully, it will remain for the spring season. This was a short holiday week. We are on trend Continue Reading
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold Continue Reading
One of the many reasons to buy a home is that it’s a significant way to build wealth and gain financial stability. According to Freddie Mac: “Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.” With spring approaching, now’s a great time to consider if buying a Continue Reading
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