Queens NY Real Estate Market Update In September the seasonally adjusted annual rate of home sales in Queens jumped to the highest year-over-year increase since January 2013, as many buyers made the effort to lock in rates before they rise any further. While rates have ticked down due to the Federal Reserve’s announcement that […]
Queens NY Real Estate Market: Update The annual rate of home sales rose for the fifth month in a row in August, the jump likely boosted by formerly reluctant buyers being pushed off the sidelines by the anticipation of rising mortgage rates. As speculation continues on the date and extent of the Federal Reserve’s reduction […]
Queens NY Real Estate Market Update With home prices still rising rapidly, inventory has remained tight as many potential Queens home sellers hold out in an effort to wait until prices peak. However, with builders ramping up operations and the potential for interest rates to rise, it is still a good time for prudent homeowners to take advantage of […]
July 2013 Queens NY Market Update The recovery of the Queens housing market now appears to be well under way. While demand is still high, even with credit conditions constraining buyers, the low level of inventory is having a significant effect in most neighborhoods. This is likely to persist through the year due to the rapid sales velocity and […]
June 2013 Queens Market Update The recovery of the Queens housing market now appears to be well under way. While demand is still high even with credit conditions constraining buyers, the low level of inventory is having a significant effect in most neighborhoods. Due to current market conditions, May saw a significant jump in sales velocity. April & May […]
Queens NY Real Estate Market Update As the Queens housing market recovers we are seeing considerable increases in demand, resulting in a strong seller’s market in certain areas across the county. Currently, there is more demand than there is supply available in many neighborhoods, but the good news is home construction is rising and low mortgage rates are continuing to keep affordability conditions […]
Queens NY Real Estate Market Update Home sales and prices confirm that a healthy recovery is continuing in the Queens housing market: sales have been above year-ago levels for 8 of the last 12 months, while prices have experienced 9 months of year-over-year gains in the last 12 months. We are still in a Buyer’s […]
March 2013 Queens NY Market Update The Queens housing market is showing positive improvement. The main trend to call attention to is the seller’s market. Home prices continue to rise steadily above year-ago levels, and housing demand has strongly picked up, resulting in low levels of inventory in many neighborhoods across the county. Tight inventory is a major factor […]
February 2013 Queens NY Market Update The conclusion of 2012 paints a promising picture for 2013 and the Queens housing market. Falling inventory levels coupled with record-low mortgage rates, which drive high levels of demand, continue to drive home prices upward. This pent-up demand is sustaining the market and record-low mortgage interest rates clearly are helping many home buyers, but […]
January 2013 Queens NY Market Update The Queens housing market continues to recover as a result of existing-home sales improving with low inventory supply pushing home prices upward. Momentum continues to build in the housing market from growing jobs and a bursting out of household formation. With lower rental vacancy rates and rising rents, combined with historically favorable affordability conditions, more […]
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