During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Analytics: "Buckle in. Assuming rates remain near their current 6.5% and the economy skirts recession, then national house prices will fall almost 10% peak-to-trough. Most of those declines will happen soon ..read more

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (see graph below):   As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking f ..read more

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now. Here’s what industry experts are saying right now about the spring housing market and what it means for you: Selma Hepp, Chief Economist, CoreLogic: “We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year whe ..read more

Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains: “Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.” In today’s market, how you price your house will not only make a big differ ..read more

Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips: 1. Make Sure You Give Buyers Access One of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers ..read more

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. They’re Experts on Market Trends With today’s housing market defined by change, it’s critical to work with someone who knows the latest information and how it impacts your goals. An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, so they’ll be ..read more

Buying a house in New York City can be a complex process that can take longer than in other parts of the country. In the city that never sleeps, becoming a homeowner entails a number of steps, from locating the ideal property to navigating the complexities of the purchasing process. In this article, we will explore how long it typically takes to buy a house in NYC and what factors can affect the timeline. Step 1: Pre-Approval The first step in the home-buying process is to get pre-approved for a mortgage. This involves meeting with a lender to review your financial situation and determine how ..read more

One of New York City's most sought-after districts is the West Village, which is renowned for its tree-lined avenues, historic brownstones, and quaint boutiques and eateries. Here are the top 3 reasons why the West Village should be at the top of your list if you're thinking about relocating there: 1. Stunning and ancient architecture The West Village is one of New York City's oldest districts, and as a result, it is home to some of the city's most exquisite and historic buildings. The West Village is a treasure trove of historic structures that represent the city's rich history, ranging from ..read more

Are you a first-time home buyer in New York City? The home-buying process can seem daunting and complex, but it doesn't have to be. With the right knowledge and guidance, you can navigate the process with ease and confidence. In this guide, we'll walk you through the key steps of the home-buying process in New York City, explained in simple terms. Step 1: Determine your budget and financing options Before you start looking at homes, it's important to determine your budget and financing options. This will help you understand what you can afford and what type of home you should be looking for. S ..read more

67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008. Back Then, Mortgage Standards Were Less Strict During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. Banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a h ..read more