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
The Overall Manhattan Market remains in Seller's Market Territory. The Manhattan Market Pulse chart for all bedroom configurations and price points by Urban Digs demonstrates the ratio between pending sales (a measure of demand) and supply being edged towards benefitting sellers. An increase indicates a strengthening market. A decrease indicates a weakening market. Every neighborhood Continue Reading
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this Continue Reading
If you’re thinking about selling your home, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out Continue Reading
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars, which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is Continue Reading
Some Highlights The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. The U.S. adds whopping 528,000 jobs in July as the labor market booms. Employers continue to raise wages at a strong clip and generally maintain longer hours for workers. The sustained labor market Continue Reading
Consider this if rising home prices leave you wondering if renting or buying a home in today’s housing market makes more sense. It’s not just home prices that have risen in recent years – rental prices have also skyrocketed. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record Continue Reading
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, that there are concrete data to show why this is nothing like the last time. There’s Continue Reading
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