The Putnam County housing market exploded in the third quarter, with sales up sharply and prices spiking. Although the current rates of growth are probably not sustainable, Putnam still has room for both sales and price increases through 2016. Sales. Putnam sales surged again in the third quarter, rising 23.8% from last year and coincidentally up that same 23.8% for the … [Read more...]
So What’s Going on in the Westchester Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Westchester real estate market cooled a bit in the third quarter, if only in comparison to the torrid pace set earlier in the year. Sales were up, but just slightly, and prices were a little soft compared to 2014. Sales. Single-family sales were up slightly, rising 5.7% from the third quarter of last year, and are now up 4.9% for the rolling year. We’ve now seen … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q3
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...]
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...]
Putnam 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 Putnam 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 Putnam 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 graph, … [Read more...]