The Orange County housing market continued to surge in the third quarter, with sales up dramatically in both single-family and condo markets. Pricing was more mixed, but it’s only a matter of time before these sustained levels of buyer demand drive meaningful price appreciation. Sales. Orange County sales spiked again in the third quarter, rising 31.5% from last year and … [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...]
Orange 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 Orange 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 Orange is about as low as it’s been since 1994 – 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...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. The real estate market in Westchester and the … [Read more...]
So What’s Going on in the Orange County Real Estate Market?: The Rand Quarterly Market Report for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. Activity in the Orange County housing market … [Read more...]