The Northern New Jersey housing market finished 2015 in a flourish, with sharp increases in sales and emerging signs of meaningful price appreciation. As 2016 begins, the region seems to be moving into a fully-realized seller’s market that will be characterized by declining inventory, increasing sales, and rising prices. Sales were up over 8% for the region, rising in every … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q4
The Westchester and Hudson Valley regional housing market finished 2015 strong, with another surge in activity that drove sales up almost 17% for the year. And although this sustained increase in buyer demand has not yet had its expected impact on pricing, declining levels of inventory are now signaling that meaningful price appreciation is imminent. In other words – welcome … [Read more...]
What to Expect in 2016’s Real-Estate Industry
It’s hard to believe 2015 is already at a close. But it’s happening, and everyone’s getting ready for the new year and preparing their resolutions. In the real-estate industry, we’re excited for the trends that are predicted to take place in the coming year. This is a business that’s used to big and rapid changes, so we’re looking forward to what the new year has in store for … [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...]