Is the market cooling? How are interest rates impacting the market, and what about the Fed actions to combat inflation? According to data from the Global MLS, the marketplace for NY Capital District residential properties, here are the latest stats: The Number of SOLD listings increased by 11% to 778 properties with a top sale of $1.7 […]
In this video I interview Andrea Kullman, a local mortgage broker from Homestead Funding, on the implication of the Fed raising rates another 75 basis points on 7/28/22. What does this mean for mortgage rates? If you’re thinking about buying or selling, does this change anything for you? We have plans that will help your […]
In this video I address the importance financial pre-qualification by securing a proof of funds or mortgage pre—approval. The Problem: Buyers waiting until they find a property that fits their needs prior to securing financial approval. The Reality: Sellers will not seriously entertain an offer that does not include a letter from a reputable banking […]
What are the market trends suggesting about the trajectory of our local real estate market? With all of the news about a recession, inflation, and increasing interest rates you may be thinking that the market is cooling off… so these number might surprise you! According to Global MLS, the marketplace for NY Capital District residential […]
The selling season is in FULL SWING! According to Global MLS, the marketplace for NY Capital District residential properties, here’s how June closed compared to May close: • The Number of SOLD listings increased by 17% to 704 properties with a top sale of 1.525 million at 367 Vly Rd in Niskayuna. • Average Sales […]
Many people that I’m speaking with are under the impression that the market is cooling off. With constant news about inflation, interest rates, the stock market, Ukraine, baby formula shortages, an impending recession, etc. it’s easy to think people would be putting their move on hold. However, the data suggests the opposite is true! According […]
How are interest rates impacting the market? While it’s too early to tell the impact on prices in the medium to long term, we are seeing an increase in activity that suggests that the surge we see in the Spring and Summer months is over-coming the drag that increased interest rates are causing. According to […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s the comparison of Q4 2021 Close Vs. Q1 2022 Close: The Number of SOLD listings decreased by 30% to 1803 properties with a top sale of 3.6 million at 83 Brown Rd in Saratoga County. Average Sales Price decreased by 4% to […]
How’s the Market? While no one can accurately predict exactly what’s going to happen in the future, here are some projections based on the trends we are seeing locally, as well as the latest news of the Fed raising rates. YOU’LL NOTE:• The Federal Reserve officials voted Wednesday to lift interest rates and penciled in six […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in February 2022 versus January 2022: The Number of SOLD listings decreased by 25% to 426 properties with a top sale of $1.1 million at 46 Union Ave in Saratoga County. Average Sales Price decreased by 7% to $272,836. Market-wide, […]
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