highestpricesonhomes: How can one describe real estate in 2023?
- 12/29/23 11:37 AM
It was challenging, impossible, and difficult for buyers and renters. Mortgage rates being as high as they were with 11 increases over 18 months have caused a lot of pain and disruptions to so many looking for their first place to call home. Its severity affected a good portion of purchasers who had less than stellar opportunities whether it was from battling a bidding war environment not seen before; as well as a lack of choices from a historically diminished low inventory. Due to these bidding war situations, prices kept escalating in this artificially created atmosphere with fear of missing out rearing its (3 comments)
Have you noticed that real estate prices year-over-year have increased, regardless of our most serious Covid-19 pandemic calamity for almost the last six months? You would have thought that prices would have gone down, right? And the demand would have decreased. Well, we did have a cooling-off period from March 22 to June 9 when Realtors (and the public) legally could not go out but could do virtual tours and videos to connect with purchasers while some actually bought w/o physically entering the premises. Most important, prices did not decrease, but sales year-over-year were less. The reason being lack of and historically (2 comments)
A source of a multitude of Articles, thoughts, and ideas on Real Estate that help Sellers, Investors, Purchasers, Renters and Lessees of Residential and Commercial Properties in Great Neck and the surrounding areas of Manhasset, Port Washington, Glen Head, Sea Cliff, Glen Cove, Brookville, Upper Brookville, Old Westbury, Roslyn, Albertson, Carle Place, Garden City, Mineola, Searingtown, New Hyde Park, Manhasset Hills, Little Neck, Douglaston, Bayside, Fresh Meadows, Whitestone, Jamaica Estates, Bellerose, Hollis, Hollis Hills, Jamaica Estates, St. Albans, Laurelton, Kew Gardens, Kew Garden Hills, Forest Hills, Flushing, Nassau County, Queens County and New York City. Ask about our Free/No Obligation Relocation Services. We will advise and guide you and your family to relocate for free anywhere in the Globe!!! I am a C.I.P.S. (Certified International Property Specialist)