Realtor.com Predicts Inventory to Increase 14.5% in 2024; Home Prices to Rise 4.6%
Realtor.com has seen substantial improvement in inventory in the first half of 2024, climbing by more than 35% on a year-over-year basis.
Closed sales transactions decreased 15.00% in December 2023 in a year-over-year comparison from 3,270 in December 2022 to 4,406 in December 2023.
Grand Lux Realty recently welcomed Jose Flores and Wendy Miranda to its Ardsley office. Flores has 20 years of experience
“The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” said NAR Chief Economist Lawrence Yun.
Garcia has been affiliated with Curasi Realty for 22 years and is excited about taking that commitment to the next level.
Lisa DeRosa was re-elected as BRI President along with Christine McCabe as BRI's Treasurer. Michael Murphy has been newly appointed as the organization's Secretary.
Asking multifamily rents moderated slightly but overall fundamentals are strong. However, under-construction unit count continues to decline as developers are facing meaningful increases in construction and financing costs.
Stephanie Manfredi of Colliers International was elected President. Manfredi was sworn in with the rest of the slate at BOMA Westchester’s Annual Holiday Party and Inauguration of Officers held on Dec. 14.
The two affordable properties will help ease the housing shortage for senior citizens in Westchester, where seniors living on fixed incomes struggle to afford rising housing costs.
A Rockland County native, Hozias is a Licensed Real Estate Instructor who has an intimate knowledge of the region, Rand Commercial officials stated.
Prices continued to rise to close out 2023, with the median sales price of homes in New York State rising 10.1% to $380,000 last month.
The inventory of unsold existing homes slumped 11.5% from the previous month to 1 million at the end of December, or the equivalent of 3.2 months’ supply at the current monthly sales pace.
The HPD and HDC closed on financing for the creation of an all-time record-breaking 14,227 new affordable homes—51% of which benefited from the now-expired 421-a affordable housing tax incentive program.
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