Real Estate Market: Buy or Wait?

So, are you considering taking the plunge and acquiring your first place? Sounds like a good idea! This week’s report basically assures us that housing is in full-recovery mode. Sales of new homes spiked 9.6% in July, to an annual number of 433,000 units, when “experts” had expected 390,000 units. This is the largest increase since beginning of 2005. The inventory of new homes is the lowest in 16 years! With numbers and reports like this, very low interest rates, and with federal monetary incentives, it looks like the time for Buyers is now!

Comments

Post a Comment

Popular posts from this blog

NYC Sales Market Strengthens in April!!

Image
April Market Reports: 3 Important Takeaways to Share With Your Clients May 30, 2019 OVER 1,000 MANHATTAN HOMES ENTERED CONTRACT IN APRIL. According to the  StreetEasy April 2019 Market Reports,  the New York City sales market may be strengthening. This news comes after months of weakening prices across the city, rising share of price cuts and growing days on market. Read on for three takeaways from our most recent report that will offer you and your seller encouraging signs. Nearly 1,200 Homes Entered Contract in Manhattan This April The context:  The number of pending sales in Manhattan rose by 26.6% year-over-year to 1,193 in April. That marks an annual increase of more than 250 and the most homes to enter contract since 2015. Upper Manhattan saw a lot of contact activity with pending sales doubling to 132 from 66 the year before. Washington Heights and Central Harlem led the charge with 53 and 29 homes entering contract, up by 104% and 53%, respectively. The takeaway:  M
Read more

Anne Eisenhower Finds Buyer for Her $35M Southampton Estate

Image
Claverack, the  $35 million  Southampton estate belonging to  Anne Eisenhower (yes, like the president!) has finally found a buyer. Sotheby's Harald Grant, who's listed the property for years now, "confirmed" to the  WSJ  "that the three-story house ... was in contract and due to close before the end of the year." Sadly, Grant stayed mum about the price, but most brokers still think it'll rank as one of the top sales of the year. And seeing how Eisenhower paid  only $5 million  for the place in the '90s, she stands to profit no matter what. In other news, if all this talk about Eisenhower has left you wanting more history, take a look at  this post , which shows how Claverack has changed over the years by Ian Ratner,Curbed ---------------------------------------------------------------------------------------------------------------------------------- A historic 19th-century Southampton mansion owned by Anne Eisenhower, a grandda
Read more