2024 Housing Market

Embracing Real Estate’s Future with Confidence

2024-04-15T20:49:21-04:00March 20th, 2024|Categories: Choosing a Sponsoring Broker, NYC Real Estate, Real Estate, Real Estate Salesperson|Tags: , , , , , , , , |

As someone on the verge of stepping into the dynamic and promising world of real estate. It's only natural to feel a flutter of hesitation amid a choir of changing laws, soaring voices about commissions, and whispers of a market where buyers might sidestep agents to save on perceived undue costs. Change in any industry, especially one as integral to the fabric of society as real estate, often comes loaded with apprehension. Still, it sprouts opportunities just as much as challenges. Venture into this arena with your goals locked in sight, ready for a journey unlike any other. It's all [...]

Riding the Tides of the Housing Market in 2024

2024-01-19T11:52:13-05:00January 21st, 2024|Categories: Appraisal|Tags: |

Riding the tides of the Housing Market in 2024. Picture this: after cresting the peak in the preceding years, the market surged downhill dramatically, with sales of pre-existing homes recording a precipitous drop of 19% year-over-year. Consequently, this market chill is reflected in the median home price. Which ascended to a notch of $387,600 in November 2023, a 4% rise from the preceding year, despite the stinging winds of turbulence. Furthermore, mortgage rates echoed the gale of instability, dipping and rising unpredictably. Culminating in an average of 6.9% in the fateful year of 2023, following a spike beyond the 7% [...]

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