Real Estate News & Insights
New Listings and Pending Sales Up Across New York State
he median sales price across New York State was $427,628, a 3% upswing from the $415,000 price in September 2024. Continue Reading New Listings and Pending Sales Up Across New York State
Existing Home Sales Up 1.5% in September
The median existing home price for all housing types was $415,200, up 2.1% from the $406,700 recorded one year earlier. Continue Reading Existing Home Sales Up 1.5% in September
Pandemic Homebuying Hotspots With Steep Price Increases Most Susceptible to Housing Downturn in a Recession
Source: Redfin --- Popular migration destinations where home prices soared during the pandemic–including Boise, ID, Phoenix and Tampa, FL–are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into...
Home price growth slowed for the second straight month in May, S&P Case-Shiller says
Source: CNBC --- Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage...
The No. 1 emerging real-estate market in America is also the RV capital of the world
Source: Marketwatch --- The pandemic spurred millions of Americans to abandon city life, fleeing to the ‘burbs. A new report highlights a novel destination for would-be homeowners to consider: The R.V. capital of the world. The Wall Street Journal/Realtor.com Emerging...
Housing Market Update: Homes Are Taking Longer to Sell
Source: Redfin --- Buyers can now take their time touring and considering homes before making an offer. Still, selection remains very limited despite supply being up, as few homes are being listed and even fewer are selling. The typical home sold during the four weeks...
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market
Source: Fortune --- Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we've seen it replaced by a "housing recession." Across the nation, home sales are plummeting and inventory...
What’s Causing Ongoing Home Price Appreciation?
Source: Keeping Current Matters --- If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is...
Housing Demand Flattens as 1st-Time Buyers Retreat
Source: Eye on Housing --- The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%). The leveled reading suggests that, after shrinking for the past...
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market
Source: Fortune --- Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we've seen it replaced by a "housing recession." Across the nation, home sales are plummeting and inventory...
Don’t look now, but the housing market is slowing down. What it means for you
Source: Miami Herald --- The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates. Multiple sources indicate that more and more people are canceling their home purchases because rates have moved beyond their reach — a situation...
How the Fed’s escalating fight against inflation is hitting the hot housing market
Source: CNBC --- The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is...
