Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as Continue Reading
Manhattan Market for the week ending October 7th, the supply of 7,552 remains in line with last year. Contacts Signed, 2,814 is down 3% from the previous week. The overall Manhattan Market’s supply/demand market pulse ratio shows buyers have the leverage advantage and resides at .37%. Contract Signed (Demand in the Market) Manhattan typically produces Continue Reading
Does the latest news about the housing market question your plans to sell your house? If so, perspective is key. Here are some ways a trusted real estate professional can explain today's shift and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre-Pandemic While the supply of homes for sale has increased this year compared to last, we’re Continue Reading
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s higher rates and lock in the lowest one you Continue Reading
The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on professionals for insights. Here are a few things experts are saying about the fall housing Continue Reading
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This leaves some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But Continue Reading
Manhattan Market for the week ending September 30th supply of 7,398 remains in line with last year. Contacts Signed, 2,827 has broken the 3,000 thresholds we have not seen since January 2021. The fall season's lackluster enthusiasm is due to several factors: stock market jitters, rising rates, environmental and economic turbulence abroad and domestically, and holidays. We await Continue Reading
Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning homeownership. Should I still buy a home this year? While this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Homeownership Long-term Benefits: Equity and Continue Reading
. Season Change, Mood Change: One Size Does Not Fit All in New York City Real Estate Market The NYC real estate market is witnessing climbing interest rates, falling stock prices, and contested elections with upcoming new elections. Recession talk abounds as the summer of 2022 moves into fall. While the job market remains strong, New York City's prevailing mood is disquiet. The real Continue Reading
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