The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased to 6.31% from 6.30%.
New York recorded the lowest turnover rate among the top 50 metros, with only around 10 out of every 1,000 homes selling in the first nine months of the year.
The share of first-time buyers in the market has contracted by 50% since 2007—right before the Great Recession. The implications for the housing market are staggering.
Grand Lux Realty-Hudson Valley Inc. recently welcomed Jessica Clark to its Stony Point office. Clark, a licensed New York State real estate salesperson, will be serving the Hudson Valley/Catskills region.
She was born and raised in the Poconos and Catskills and has extensive knowledge of the Hudson Valley.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
