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
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
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
If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even Continue Reading
Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long they would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering Continue Reading
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