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Housing Sales Inventory | From 'Urb to 'Burb Blog

Wednesday, October 14, 2020   /   by Vanessa Saunders

Inventory? Shminventory! Where have all the homes for sale gone?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
There are those of us here at Global Property Systems who watch Hudson Valley real estate trends and track local housing market movements (because what we really need is a hobby!) We have been blogging on for months now about the climbing home prices and vanishing residential inventory in the Hudson Valley, known to normal people as "Homes For Sale." We typically attribute the lack of homes on the market to several causes:

Owners are waiting for their home's value to stop rising and top out.
Everyone is waiting for the Covid-19 pandemic to go away.
Sellers are waiting for the economy to get back into growth mode.

Whatever the reason, homeowners just aren’t choosing to move right now.
To make matters worse, there’s another reason to add to our bullet-point list to explain why homeowners are staying put:

Low interest rates.

How do historically low mortgage rates slow sales in ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales inventory, house pricing

Thursday, October 1, 2020   /   by Vanessa Saunders

Three reasons Hudson Valley home owners should consider selling this fall.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Have you been thinking about selling your house and moving, maybe to somewhere closer to family, or away from the urban and into the suburban? Has the last six months we’ve all spent at home made you aware that you need more space. Or less? Selling your home this fall might be the way to go. Here are a three reasons why.
The market is extremely active.
Buyers are on the move right now. Buyer traffic has gone up by over 60% compared to last year. Homes are in demand right now in the Hudson Valley, and buyers are often competing over who can make the best offer. It’s called a Seller’s Market, and it means home seller have the upper hand.
Not enough homes for buyers.
The reason it’s a seller's market is because there aren’t enough homes to satisfy the number of buyers looking for them. Partly because of the Covid-19 pandemic, many homeowners were reluctant to list their h ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, housing sales inventory, first time home buyer, pandemic, downsizing

Friday, September 11, 2020   /   by Vanessa Saunders

Is the real estate market cooling off this fall?

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.

When the leaves start to drop, we usually see the Hudson Valley real estate market begin to drop as well. But this is no ordinary year. Our seller’s market has been white hot all summer in spite of (or because of?) the Coronavirus pandemic. Record low mortgage interest rates continue to add fuel to the fire. But several indicators from data ending September 5 may show some cooling.
Inman News reported that the weekly housing market data from realtor.com suggested that the market showed a decline in housing demand and declines in new listings.
Inman quoted Danielle Hale, realtor.com’s chief economist, in a statement released with the report: “Sellers are calling the shots in today’s market; prices are rising and housing inventory is vanishing almost as fast as it appears, “But this week’s report revealed two indicators worth keeping an eye on.”
“Hou ...

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  hudson valley real estate, hudson valley home, buying a home, 'urb to 'burb, housing sales, selling your home, housing sales inventory, pandemic

Monday, August 24, 2020   /   by Vanessa Saunders

Five reasons now is STILL a great time to sell your Hudson Valley house.

 By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
1. Now is a great time to sell because of pent-up buyer demand and a later-than-usual hot market.
The Hudson Valley real estate season got a late start this year due to Governor Cuomo’s March shutdown and the onset of Covid-19 precautionary measures. But figures show sales are up, and buyer interest is booming, as people searching for homes scramble for the relatively few properties on the market.
2. Now is a great time to sell because low inventory will make some homes more desirable, even if they don’t have all of the latest and greatest upgrades. Buyers don’t have a lot of choices right now, so homes that may not have all the bells and whistles are starting to look pretty good to motivated buyers. We are also seeing more buyers than usual offer to waive inspection contingencies, which means they are willing to accept “as is” condition.
3. Now is a great time to ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, housing sales inventory, pandemic, retirement, downsizing

Friday, July 24, 2020   /   by Vanessa Saunders

Guess what's threatening to kick down home prices this fall.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
A sales report released Thursday by Corelogic showed real estate activity in the Hamptons setting an all-time high for the area's median home selling price. Buyers furiously raced to buy properties and drove the median up 27% in the second quarter. All this while the number of transactions fell by 13%, a sure sign that homeowners in New York are holding onto their homes, causing an inventory shortage as they wait for prices to rise further to meet demand. The Hudson Valley reflected similar, if less dramatic price increases as it dealt with its own inventory shortages.
So why are some experts worrying about a price decline this fall?
Curbed, an American real estate and urban design blog network, reported today that the legs beneath the stool keeping prices up may be kicked away come October, affecting prices into 2021. They blame it on the Coronavirus pandemic. Says Curbed, "The belated decline would ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, housing sales inventory, pandemic, the future of real estate

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.
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