The Manhattan Market Report for the week ending November 4th shows a slowing market that matches the 2020 and 2019 vintage 4th quarters. Supply closed out at 7,569 and Pending Sales at 2,602, maintaining the market pulse in buyer leverage territory at .34% As we began the month of November, Stocks tumbled as trading commenced. Traders also assessed better-than-expected economic Continue Reading
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible. Mortgage Rates Will Continue To Respond to Inflation There’s no Continue Reading
Buying a home is a powerful decision, and it remains a key part of the American Dream. The 2022 Consumer Insights Report from Mynd found that most people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value homeownership. The Financial Benefits of Owning a Home Homeownership is viewed so Continue Reading
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while its true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here are three measures used to Continue Reading
Key Takeaways If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991. Depending on where you looked, the city’s sale prices during the Continue Reading
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
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