Forest Hills NY Market Update The Forest Hills’ housing market is showing steady signs of recovery due to a combination of rising home sales, declining inventory, and low interest rates. A good indicator that the market will experience a full-force recovery are the 5 months in 2012 where we have seen an increase in median home prices. (flathatnews.com) Usually, […]
Forest Hills NY Market Update The Forest Hills housing market continues to recover, indicated by consistent increases in both home sales and prices. Inventory levels are still primarily high, which favors buyers. There are pockets of Queens that are experiencing inventory shortages, which puts pressure on prices. Many of the hardest-hit areas during the downturn […]
Forest Hills NY Market Update Sales of existing Forest Hills homes have continued to improve in 2012. August represented the first time this year that we have seen back to back months of year-over-year increases. I believe that affordability conditions are very good for the Forest Hills housing market. Mortgage interest rates have been at […]
August 2012 Forest Hills NY Real Estate Market Update Forest Hills NY Market Update The Forest Hills housing market continues to recover, indicated by a balanced supply of inventory and decreasing Month’s supply. Abigail Herrera states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened, however, in Forest Hills there is more […]
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