Queens Real Estate Market Report: October 2015 The pace of existing home sales rose in September, but remains slightly below the pace from the same month last year. Demand for existing homes appears to remain high even after rebounding to post-recession highs this summer. Prices have not begun their usual seasonal decline for the latter part of […]
Queens Real Estate Market Update Existing home sales hit a high for the year in August, however, year-over-year sales were still down. Inventory remains tight on a county level as the increased demand for homes continues to outpace the number of homes coming onto the market. The pace of year-over-year price increases slowed somewhat in August, and […]
Queens Real Estate Market Update: AUG 2015 The pace of home sales continued to slow in July according to the Long Island Board of Realtors. July marked the highest year over year decrease in home sales this year at 11%. In other words, last July there were 736 home sales in Queens, while only 655 […]
June 2015 Queens Real Estate Market Update The pace of home sales rose in June, but were still below the pace of sales last June. The combination of buyers looking to take advantage of low interest rates before they increase further coupled with less homes being on the market than the same time last year has […]
JUNE 2015 QUEENS REAL ESTATE MARKET UPDATE The pace of existing home sales increased slightly from April to May according to the latest report released by the Long island Board of Realtors. This is likely related to slow growth in inventory that has failed to keep pace with this year’s pickup in demand. This has […]
May 2015 Queens Real Estate Market Update Right now the Queens’ real estate market is feeling pretty tight to say the least. If you or someone you know has been searching for a home, they can tell you all about it. Inventory is much lower than 2014 levels so we’re experiencing a lot of multiple offers, […]
Buying a Home, Coop, or Condo in Queens is much different than buying a house in other parts of the country. One thing in particular that you will find a lot of in Queens, are multi-family properties, specifically 1, 2, and 3 family homes. Multi family homes can be a great financial investment because of […]
1. Down Payment – Most Coops will require down payment of at least 20%, so if you are looking to buy a Coop, your best bet is to make sure that you have at least 20% down + Closing costs and additional reserves after the purchase. Otherwise you will be limited to the very few 10% […]
March 2015 Queens NY Market Update Homes sales declined in February on a monthly basis, and continued to show declines year-over-year. Prices followed a similar pattern as the sales, posting a monthly decrease, however, prices remain well above the previous year’s levels. Inventory tightened slightly coming out of February and things have remained very tight […]
4 Reasons to Google that Address when Buying a Home in Queens NY Have you been in the market for a Home, Coop, or Condo in Queens? Did you finally find the right place? That’s Awesome! But before you jump in with an offer, you’ll definitely want to Google the address. Why? Here are 4 […]
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