March 2014 Queens NY Market Update  Home sales declined in February with the combined effects of severe winter weather and the decline in affordability due to higher mortgage rates and prices than those seen in the previous year. Sales have also been hindered at the beginning of this year by new mortgage and flood insurance regulations that recently took effect. The flood insurance regulations are currently set to […]

February 2014 Market Update Homes sales were down in January from the previous month, likely a result of the severely cold weather which affected many markets more than in typical years. Inventory levels remained tight but did increase slightly. The weather may have affected the number of listings coming onto the market, but we still ended the month […]

January 2014 Market Update   Total existing home sales were up in December when compared to the previous month and were also up from December of last year. Prices continue to increase, even given the modest seasonal decrease that is typically seen in the winter months. This is due in large part to the consistent rise in home […]