Right now is a really great time to be buying a home in Westchester or the Hudson Valley. Man, do I hate saying that. As I’ve explained before, I hate the phrase “great time to buy” for a couple of reasons. First, people have different needs, and a market that’s great for one person might be terrible for another person. Second, while markets tend to move together, we … [Read more...]
Homes in Westchester and the Hudson Valley are STILL Cheaper Than They Have Been in a Generation
Right now is a really great time to be buying a home in Westchester or the Hudson Valley. Man, do I hate saying that. As I've explained before, I hate the phrase "great time to buy" for a couple of reasons. First, people have different needs, and a market that's great for one person might be terrible for another person. Second, while markets tend to move together, we … [Read more...]
Are Home Prices in the Manhattan Suburbs Due? — The Big City Exodus Theory
Are home prices in the New York City suburbs on the rise? We're not seeing it in the data just yet. Even with home sales up pretty robustly for the past five years, home prices in the Manhattan suburbs have been relatively flat since their financial crisis correction back in 2008-2010. At some point, you have to think that increasing demand with a flat supply is going to … [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...]
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...]