Manhattan Market Report for the week ending December 23rd, Supply closed out at 6,106 and trending downward as we close out the year. Supply is ending where it began at the beginning of the year. Pending Sales at 2,463 and off-market listings (delisting) maintain the market pulse at a .40% level. Manhattan is holding on to price action due to the resilient rental market. low supply in the Continue Reading
The housing market is on your mind if you’re thinking about buying or selling a home. You probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are Continue Reading
First-time home buyers. Are you prepping to buy your first home? If so, one of the steps you should take early on is to make sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you’ll Continue Reading
Thank You for All of Your Support Wishing you and your family a Healthy & Joyous Holiday Season! I'm sending you warm wishes from the heart, close to where you are. May all the joys of the holiday season fill your heart and follow you throughout the coming year. Holidays Henry Wadsworth Longfellow - 1807-1882 The holiest of all Continue Reading
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has Continue Reading
There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the Continue Reading
Manhattan Market Report for the week ending December 16th, Supply closed out at 6,524 and trending downward as we close out the year. Pending Sales at 2,483 and off-market listings (delisting) maintain the market pulse at a .38% level. Manhattan is holding on to price action due to the resilient rental market. low supply in the sales market, and sellers choosing to rent or remove the listing Continue Reading
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on Continue Reading
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices building Equity. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and Continue Reading
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