Manhattan Market Report for the week ending April 14, 2023, Supply closed out at 6,939. Pending Sales at 2,828 and off-market listings (delisting) maintain the market pulse at a .41% level. Surprisingly to many. The U.S. homeownership rate is ABOVE the long-term average and at the second-highest rate on record outside of the late ’90s through the Continue Reading
If you’re planning to buy a home, an inspection is an essential step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the Continue Reading
Owning a home means having a place solely your own and providing the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to move. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house Continue Reading
: In the United States, there are over 72 million millennials. If you’re part of that generation and have considered buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph Continue Reading
As the housing market changes, you may wonder where it’ll go. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best Continue Reading
Some Highlights The inspection is a significant part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again. Let’s connect so you have an expert to help you determine the repairs and updates your house needs before selling. To learn why Home Inspections are Continue Reading
Over the last year, the housing market’s gone through significant changes. While it remains a sellers’ market, homes priced right are selling and get the most attention from buyers. If you’re considering selling your home this spring, it’s essential to lean on your expert real estate advisor when setting a list price. As Realtor.com explains: “Move-in-ready homes with curb appeal and in Continue Reading
Manhattan Market Report for the week ending April 7, 2023, Supply closed out at 6,721. Pending Sales at 2,803 and off-market listings (delisting) maintain the market pulse at a .42% level. The market’s liquidity may be plateauing. Consumer prices rose 5 percent in the year through March, a sharp slowdown from recent months. But there were still some troubling signs in the Continue Reading
. Selling your house? It could be now if you’ve been waiting for the right time. The supply of homes for sale is so low. HousingWire shares: “. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .” The National Association of Realtors (NAR) confirms Continue Reading
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