November 2012 Queens Market Update The Queens’ housing market is showing steady signs of recovery due to a combination of rising demand, declining inventory, and low interest rates. A good indicator that the market will experience a full-force recovery is strongly evidenced by the continual increase in median home prices. Usually, prices slow down after the peak summer sales season, […]
October 2012 Queens Market Update The Queens housing market continues to recover, indicated by consistent increases in both home sales and prices. Inventories in some of the Queens’ neighborhoods are primarily balanced, which favors neither sellers nor buyers. However, there are pockets of the county that are experiencing inventory shortages, which puts pressure on prices. […]
September 2012 Market Update Sales of existing Queens homes have continued to improve in 2012. As a matter of fact, July and August had the most home sales of the entire year. I believe that affordability conditions are very good for the Queens housing market. Mortgage interest rates have been at record lows this […]
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