The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of “green shoots” of meaningful price appreciation, reflecting the impact of the sustained increases in buyer demand that we’ve seen over the past few years. Home sales continued … [Read more...]
Saying “YES!” to Support Our Local Towns and Villages
I was thinking today about our local communities and the challenges we all face from changing demographics, economics, and consumer behavior. Take traditional "local" supermarkets, for example. I live in Nyack, which has a great walkable downtown but doesn’t have a supermarket in the village – and now has seen both an A&P and a Stop & Shop close in the local … [Read more...]
Passaic County Affordability: The Monthly Payment You Need to Buy a Home in Passaic is as Low as it’s Been for the Past 20 Years
Homes in Passaic County are about as affordable as they have been in over 20 years. What do I mean by that? It’s simple. Basically, the monthly mortgage payment it takes to purchase the average-priced home in Passaic is about as low as it’s been since 1985. If you look at the attached graph, you’ll see what I’m talking about. On that graph, we’ve plotted the monthly … [Read more...]
Bergen County Affordability: The Monthly Payment You Need to Buy a Home in Bergen is as Low as it’s Been for the Past 35 Years
Homes in Bergen County are about as affordable as they have been in over 30 years. What do I mean by that? It’s simple. Basically, the monthly mortgage payment it takes to purchase the average-priced home in Bergen is about as low as it’s been since 1985. If you look at the attached graph, you’ll see what I’m talking about. On that graph, we’ve plotted the monthly payment … [Read more...]
Dutchess County Affordability: The Monthly Payment You Need to Buy a Home is as Low as it’s Been for the Past 15 Years
Homes in Dutchess County are about as affordable as they have been in over 13 years. What do I mean by that? It’s simple. Basically, the monthly mortgage payment it takes to purchase the average-priced home in Dutchess is about as low as it’s been since 2002 – and probably well before that. If you look at the attached graph, you’ll see what I’m talking about. On that … [Read more...]