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...]