Do you want to sell your home but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but some good news may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory. That means when you put your house on the market this summer, considering newly built homes is crucial for Continue Reading
Manhattan Market Report for the week ending April 21, 2023, Supply closed out at 7,092. Pending Sales at 2,898 and off-market listings (delisting) maintain the market pulse at a .41% level. Mortgage Rates Mortgage rates increased for the first time in over a month due to shifting market expectations. Home prices have stabilized somewhat, but with supply tight and rates 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
Manhattan Market Report for the week ending February 17th, Supply closed out at 6,071 and trends up. Pending Sales at 2,198 and off-market listings (delisting) maintain the market pulse at a .36% level. In the past few weeks, spurred by the good weather and lower rates the brokerage community is witnessing a more robust buyer activity. Multiple offer situations depend on the Continue Reading
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, giving buyers much-needed Continue Reading
Key Takeaways Homeowners a Mortgage Pre-approval means a lender has reviewed your finances. The lender makes a decision based on factors like your income, debt, and credit history to determine how much you’re qualified to borrow. Being pre-approved for a loan can provide you clarity while planning your homebuying budget. A pre-approval provides confidence in your ability Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still rising. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst Continue Reading
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