It turns out millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says a portion of millennial and Gen Z buyers are pursuing homeownership as a way to build their wealth. Still, it may not be exactly how previous generations have done it. The study explains how they’re breaking into the market: “. . . Continue Reading
Where do the wealthy invest? Luxury real estate is the safest investment one can make, says the new Coldwell Banker Global Luxury report. "The Trend Report” identifies the top trends and investment habits revolutionizing the global luxury real estate landscape. The report indicates that real estate remains in a strong position for the remainder of 2022 and heading into 2023 as more affluent Continue Reading
As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be your top priority. But with Continue Reading
Manhattan Market Report for the week ending October 28th is anemic as we move into the new month. Supply and Pending Sales are both down slightly. Supply closed out at 7,765 and Pending Sales 2,678, maintaining the market pulse in buyer leverage territory at.35% As we began the month of November, Stocks tumbled as trading commenced. Traders also assessed better-than-expected Continue Reading
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is good news for those still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the pandemic's peak frenzy has also cooled. Here are a few trends that may benefit you when buying a home today. 1. More Homes To Choose Continue Reading
If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is to understand some of the costs you might encounter. And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Here are just a few Continue Reading
If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are a Continue Reading
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is, there are concrete data to show why this is nothing like the last time. There’s Still a Shortage of Homes on Continue Reading
Manhattan Market supply is underwhelming, and we should begin to see a seasonal trend downward as we move into the holidays. Supply has risen slightly for the week of October 21st and stands at 7,748. Pending Sales are down almost 2%; 2,714. Market Pulse The market pulse measuring the ratio of supply and demand seems to be evidencing the beginning of the Continue Reading
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