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...Some homeowners are getting an unwelcome surprise in their mailboxes: New property assessments from their local tax offices that put a far higher value on their homes than prior to the pandemic. In some cases, that means an increase in their property taxes at a time when other costs, like food and fuel, are also surging.
There is some good news for homeowners, however. You can appeal your property assessment, and success means your tax bill could be lowered by hundreds to thousands of dollars.
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...
IRVINE, Calif. – Feb. 29, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that 1.35 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the fourth quarter, representing a 13.8 percent decline from the prior quarter. The drop-off marked the tenth in the last 11 quarters.
The fourth-quarter fallback left total resid...
