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  • From 'Urb to 'Burb Blog

    Friday, September 21, 2018   /   by Vanessa Saunders

    Is The Hudson Valley Real Estate Market Finally Getting Back To Normal?

    The Hudson Valley real estate market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 for national real estate sales according to the latest Home Price Expectation Survey:
    After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually.
    These wild swings in values were caused by abnormal ratios between the available supply of inventory and buyer demand in the market. In a normal market, there would be a 6-month supply of housing inventory.
    When the market hit its peak in 2007, homeowners and builders were trying to take advantage of a market that was fueled by an “irrational exuberance.”
    Inventory levels grew to 7+ months. With that many homes available for sale, there weren’t enough buyer ...

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      hudson valley real estate, hudson valley property, hudson valley home, buying a home, housing sales

    Thursday, September 20, 2018   /   by Vanessa Saunders

    Home Prices in the Hudson Valley: The difference five years makes.

    CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared.
    The graph below was created to show the 5-year change in price from July 2013 to July 2018 by price range.
    As you can see in the graph, the highest price appreciation occurred in the lowest price range with 48% growth, while the highest priced homes appreciated by 25%. This has been greatly fueled by the lack of inventory of homes available at the lower price ranges and high demand from first-time buyers looking to enter the market.

    Where were prices expected to go?
    Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists and asks them to project how residential home prices ...

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      hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, hudson valley home sellers, orange county ny, westchester county, rockland county, ulster county, sullivan county, manhattan

    Thursday, September 20, 2018   /   by Vanessa Saunders

    Just Listed! Fantastic 7-Bedroom Executive Rental in New Rochelle

    An Executive Rental ideal for a diplomat with staff, or large family. Elegant reception rooms, with formal dining, living room with covered porch both with fireplaces. A master bedroom also with covered porch and two fireplaces, plus sumptuous en suite with sauna. A further guest Master Suite with Ensuite with Sauna. Huge Library with fireplace, built in book cases and sunny conservatory adjacent. Large private family room (former chapel) All within a sought after upscale neighborhood of similar homes, international families with a private boat club, beach and play area. Close to FASNY. Easy commute to NYC.

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      hudson valley real estate, westchester county, manhattan, executive homes

    Wednesday, September 19, 2018   /   by Vanessa Saunders

    33.5% Of Hudson Valley Homes With A Mortgage Are Equity Rich!

    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position.
    Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value of their homes go up!
    According to the latest Equity Report from ATTOM Data Solutions, “13.9 million U.S. properties in Q2 2018 were equity rich — where the combined estimated balance of loans secured by the property was 50 percent or less of the property’s estimated market value — representing 24.9% of all U.S. properties with a mortgage.”
    This means that nearly a q ...

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      hudson valley real estate, hudson valley property, hudson valley home, home investment, hudson valley home owners, buying vs renting

    Tuesday, September 18, 2018   /   by Vanessa Saunders

    Thinking of Selling your Hudson Valley Home? You Must Act NOW!

    If you own a Hudson Valley home and thought about selling it this year, now more than ever may be the time to list it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something is when the supply of that item is low and demand for that item is high. That defines today’s real estate market.

    Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

    “Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.”

    Yun goes on to say:

    “The reason sales are falling off last year’s pace is that multiple years of inadequate supply in markets with strong job growth have finally driven up home prices to a point where an increasing number of prospective buyers are unable to afford it.&rd ...

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      hudson valley real estate, hudson valley property, hudson valley home, housing sales inventory, hudson valley home owners, hudson valley home sellers, orange county ny, rockland county, ulster county, sullivan county, manhattan, dutchess, retirement