Real Estate Update: Westchester & NYC Market Insights
Westchester Home Prices Continue to Climb Westchester has seen a continued rise in home prices, especially in suburban areas that offer a mix of space, nature, and proximity to NYC. While this trend started during the pandemic, it hasn’t slowed down and some analysts believe we are at a peak in term
The Balancing Act: High Home Prices, Low Mortgage Rates and the Quest for Inventory
As mortgage rates remain on the lower side, it seems buyers are becoming more comfortable with the idea of higher home prices, as indicated by recent data from the National Association of REALTORS® (NAR). The pace of existing-home sales picked up in January, with buyers overlooking the spike in home
Rising Tides in Real Estate: Record Home Sales Amid Surging Rates
In March, contract signings for homes hit their highest point of the year, accompanied by an increase in new home sales. However, with mortgage rates now around 7%, there are concerns about future buyer hesitancy. The National Association of REALTORS® (NAR) reported a 3.4% increase in their Pending
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