(Prices and inventory current as of Nov 30, 1999)
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Key Take-Aways:
There is still a lot of uncertainty heading into the 2024 real estate market. Last year, the “mortgage rate lock-in effect” exerted considerable influence, leaving its mark on everything from housing inventory levels to property transactions. This phenomenon occurred because homeowners were reluctant to relinquish their sub-5% mortgage interest rates, hesitating to sell or buy […]
Key Take-Aways: According to data from the Global MLS, the marketplace for NY Capital District residential properties, here are the latest stats: -The Number of SOLD listings decreased by 4% to 585 properties with a top sale of $2.5 million at 75 Arrowhead Rd in Saratoga Springs. -The Average Sales Price increased 5%, to $362,125. –Average Price Per Square Foot decreased 2% […]
Introduction: The year 2023 has been a whirlwind for mortgage rates, defying earlier expectations and keeping homeowners, buyers, and experts on their toes. Let’s explore the current state of mortgage rates, forecasts for the future, insights from industry experts, and the impact on the housing market. Plus, we’ll provide guidance for homebuyers, sellers, and those […]
