The Suffolk County housing market is chock full of frustrated buyers finding new challenges, facing new roadblocks, and feeling the pinch as whirlwind of factors converge including low housing inventory, high home prices, rising mortgage interest rates, and budget-crushing inflation. Home sales plunge. Home prices skyrocket. The number of home sales continues to drop across […]
Both buyers and sellers want to know: will Suffolk County home prices drop this year? It’s a valid question—the real estate market has exploded with 15% price appreciation in 2021 and 121 consecutive months of year-over-year home price growth. Homes are a hot commodity in our high-demand, low-inventory Suffolk County housing market—and the imbalance puts […]
As we exit the spring and enter the summer, peak home buying season is in full swing right here in Suffolk County. Interest rates are rising, home prices are climbing, sellers are landscaping, and buyers are fantasizing about starting the next chapter of life in their new home. The Suffolk County housing market still favors […]
A home with the right asking price, standout curb appeal, and a spotless interior has all the elements to attract high-quality offers from serious buyers. Sometimes, the offers roll in one after the next, which is especially true in our record-breaking Suffolk County real estate market. However, knowing when to accept an offer—and when to […]
A home is one of life’s largest purchases. We spend months and years saving for a down payment—and the next 15 to 30 years paying off a mortgage. Even experienced real estate investors spend time saving money to buy a house. It’s a challenge in a normal housing market—and even more so in today’s super […]
The Suffolk County housing market is still red hot coming off the blazing inferno ignited by the collision of record-low mortgage interest rates and a monster-sized wave of Millennials reaching the first-time home buyer age. Now saturated with far more buyers than sellers, the Suffolk County seller’s market is chock full of multiple offers, over-asking […]
Do you know how to get the highest selling price for your home? At Team Rita, we keep our finger on the pulse of the local real estate market to earn sellers top dollar for their homes. Discover our top ten tips to sell your Long Island home for the highest price and contact us […]
A confluence of factors created the perfect storm to supercharge Suffolk County home prices over the past two years. COVID disrupted supply chains and ignited a work from home movement. Many homeowners moved closer to family and to more affordable areas as others flocked to sunshine states like Phoenix, Tampa, and Miami. The opportunity to […]
There’s no shortage of theories about how (and when) the Suffolk County housing market boom will end. We thought a return to the office would slow the wave of remote workers splurging on more spacious suburban homes. We expected demand to pull back along with stimulus aid. We predicted inventory would rise after the end […]
Entering 2022, the consensus was clear: the spring housing market—Suffolk County real estate’s peak season—would fizzle out the frenzy we saw last year. After all, over 70% of home listings saw a bidding war in 2021—so how could the story get any worse for buyers? We thought the record-low housing inventory would begin to normalize […]
