December 2012 Market Update While the Queens housing market is improving, there are still signs that indicate we are not yet experiencing a full-force recovery. Credit standards are still tight. There are thousands of homeowners in some stage of foreclosure or default, while thousands of others still owe more than their homes are worth. As long as the economy […]
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 […]
August 2012 Queens NY Real Estate Market Update The Queens’ housing market continues to recover, indicated by a balanced supply of inventory and increasing home prices across the county. Abigail Herrera states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened and are supporting growth in home prices.” However, rising […]
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