New York State Realty's Blogs
Once again, housing inventory across New York State fell to another record low in March, according to the housing report released today by the New York State Association of REALTORS®.
Inventory of homes across the Empire State fell 14.7 percent in March – from 28,060 units in 2023 to a record-setting low of only 23,924 homes statewide. This marks the 13th consecutive month inventory has dropped in year-over-year comparisons and is the lowest number of homes for sale since statistics have been k...
For the first time in 30 months, home sales increased in New York in February, while inventory dropped yet again to its lowest point in recorded history, according to the housing report released today by the New York State Association of REALTORS®.
Inventory of homes dropped 16.8 percent from 28,170 homes available in February 2023 to just 23,448 units last month. This marks the lowest number of homes for sale since statistics have been kept in New York State. This also marks the 12th consecutiv...
If you’re holding out hope that the housing market is going to crash and bring home prices back down, here’s a look at what the data shows. And spoiler alert: that’s not in the cards. Instead, experts say home prices are going to keep going up.
Today’s market is very different than it was before the housing crash in 2008. Here’s why.
It’s Harder To Get a Loan Now – and That’s Actually a Good Thing
It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is...
Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released today by the New York State Association of REALTORS®.
Interest rates moved marginally from December 2023 to January 2024 in month-over-month comparisons. According to Freddie Mac, the average on a 30-year fixed-rate mortgage dropped from 6.82 percent in December to 6.64...
