According to data from the Global MLS, the marketplace for NY Capital District residential properties, here are the latest stats (Q1 2023 VS Q1 2022): -The Number of SOLD listings decreased by 21% to 1,244 properties with a top sale of $2.05 million at 35 Greenfield Ave in Saratoga County. -The Average Sales Price increased 3%, to $299,225, while […]
Today we dive into step #4 of our buyer plan. This is the step that every buyer wants to jump to—touring property! And while this is the fun part, it’s critical that you’ve gone through the first 3 steps of our plan so that when you tour the property that you fall in love with, […]
The Federal Reserve’s decision to raise the target federal funds rate by 0.25% has been complicated by the collapse of Silicon Valley Bank, Signature Bank, and broader international financial volatility. Tighter credit conditions resulting from these developments could have negative effects on economic activity, hiring, and inflation. Nonetheless, the decision to increase interest rates was […]
On the real estate front, our market continues to struggle for inventory and interest rates continue to be volatile. Our already inventory starved market saw a 15% drop in inventory month over month and interest rates continue to hover close to 7%. Despite a 15% drop in inventory month over month, properties are still coming […]
The economy has been shaken by the recent collapse of multiple banks, including Silicon Valley Bank, which may have implications for the real estate industry, according to Lawrence Yun, chief economist of the National Association of REALTORS®. Yun suggests that due to bank failures, the Federal Reserve may adopt a less aggressive approach to raising […]
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