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 459 properties with a top sale of $3.45 million at 14 Clement Ave in Saratoga Springs. -The Average Sales Price increased 1.3%, to $310,559, while the Average Price Per […]
KEY TAKE-AWAYS: The Federal Reserve announced on Wednesday that it had increased interest rates by a quarter of a percentage point, marking the end of a 14-month campaign to combat persistent inflation. However, experts predict that this could be the last rate hike for the foreseeable future due to indications of a weakening job market […]
HIGHLIGHTS: The Labor Department’s latest data shows U.S. inflation reaching its lowest point in almost two years in March. Nevertheless, persistent underlying price pressures could prompt the Federal Reserve to contemplate another interest-rate hike at their May meeting. The consumer-price index (CPI) rose 5% in March, year over year, a decrease from February’s 6% surge […]
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 […]
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 […]
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 30% to 429 properties with a top sale of $2.05 million at 35 Greenfield Ave in Saratoga County. The Average Sales Price dropped 4%, to $296,000 w/ a […]
Mortgage rates were already under quite a bit of pressure on Friday following the stunningly strong jobs report released on February 3rd. Strong economic data is generally bad for rates, because this data impacts decisions made by the Federal Reserve. A strong labor market sends a message to the Fed that it can continue to […]
According to data from the Global MLS, the marketplace for NY Capital District residential properties, here is how Q4 2022 compared to Q4 2021: -The Number of SOLD listings decreased by 22% to 1,945 properties with a top sale of $3.2 million at 21 Rose Terrace in Saratoga Springs. -The Number of PENDING listings decreased […]
There is never a good time to suffer a house fire, but to have one right before Christmas? It’s heart breaking. A local family suffered a total loss and we are attempting to raise as much money as we can to help them have the best Christmas possible. I’ve included a link below to the […]
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