Why are Westchester prices down? If you look at the Westchester single-family housing market, comparing the year-to-date 2016 to 2015 as of the end of May, what you find is a little perplexing: sales are up 12%, but prices are sharply down across the board: down 7% on average, 5% at the median, and 4% in the price-per-square-foot. And by "perplexing," I mean "if … [Read more...]
Homes in Westchester and the Hudson Valley are More Affordable Than in a Generation
I have always hated it when real estate professionals say "it's a great time to buy." It always seems so self-serving, and I know it immediately causes suspicion. So I'm not going to SAY that it's a great time to buy a home right now. I'm just going to show you. Specifically, I'm going to show you that the monthly payment you need to make to buy an averaged priced home … [Read more...]
Technology’s Impact on the Real Estate Industry
Given the amount of stress that goes into buying or selling a house, technology is certainly a huge factor when it comes to making the process easier than it used to be. With social media, new gadgets and various apps, buying and selling a house has become a very electronic experience. One piece of technology that has been gaining much attention in real estate is the new … [Read more...]
How’s the Market? Read the Third Quarter Market Report
Better Homes and Gardens Rand Realty released their third quarter 2014 market report today. The report outlines market activity and trends in Westchester, the Hudson Valley and Northern New Jersey. CLICK HERE TO DOWNLOAD THE REPORT In general, the market took a small step back in the third quarter of 2014, as sales activities were down slightly throughout the region and … [Read more...]
Deep Dive into the Condo Market: “Mind the Gap”
How the Pricing Between Single-Family Homes and Condominiums is Suppressing Growth in the Condo Market (Wonky) This week, we finished work on the Rand Quarterly Market Report, which will be published next week. In the Report, we look at the single-family and condominium markets throughout the region, including Westchester, Putnam, Dutchess, Rockland, and Orange Counties in New … [Read more...]