With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark. According to NAR, home sales […]
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]
With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new […]
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the […]
While some have voiced the view that the negative economic effects caused by the worldwide COVID-19 pandemic will bring about a recession in the U.S., it’s important to understand that any such recession will not be a simple replay of the Great Recession of 2008, especially in respect to its impact on home prices. While […]
If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload […]
The economy. Millennials. Housing inventory. Mortgage rates. Bidding wars. Climate change. Recession. There is plenty on the horizon for the housing market in the first year of the new decade—including lots of good news for buyers and sellers. Thinking of buying or selling in the next year or two? Team Rita is here with our […]
The holidays are a time for jam-packing our busy schedules, stocking up on gifts, and bundling up beneath our overcoats, hats, gloves, and scarves. However, the most wonderful time of year for family, festivities, and frigid-weather fun is also considered one of the worst times of year to put a house on the market. Despite […]
You don’t have to be a first-time home buyer to host your first Thanksgiving. (Actually, you could own a home for a decade or more before you muster the courage to tackle the notorious and intimidating undertaking known formally as Thanksgiving dinner.) New to the game but up for the challenge? Follow our homeowner’s guide […]
Sellers on Long Island and across the country are no strangers to the plodding residential real estate market. However, before you count the market down and out, consider four recent reports showing signs that home sales are on the verge of a rebound. 1. Existing-home sales (closed sales) are up, marking two consecutive months of […]
