Westchester, Putnam, Dutchess Q2 Real Estate Markets Stayed Strong Despite High Rates: Report
Despite higher mortgage rates and tight inventory, the real estate market across Westchester, Putnam, and Dutchess counties showed continued strength in the second quarter of 2025, according to a new report from Houlihan Lawrence.
In Westchester County, luxury homes priced above $2 million remained in high demand, especially in towns with strong transportation access and updated interiors. Many well-priced properties attracted multiple offers, and buyers continued to act quickly, the brokerage said in its new Houlihan Lawrence Q2 2025 Westchester, Putnam, and Dutchess Market Report…
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy.
Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000.
The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …
40-Foot Pool Among Selling Points For Potomac Home That Sold Over Asking Price For $1.86M
Hard work paid off for a team of realtors who overhauled a Maryland home, selling for more than $60,000 over the asking price.
A buyer just had to have a Potomac home at along 9117 Potomac Station Lane, sitting on an unusually large parcel of land for the neighborhood that sold for $1.86 million, above the $1.799 million listing price,
The five-bedroom, 5.5-bathroom custom-built 6,350-square-foot home had been listed with Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners of Washington Fine Properties.
According to the realtors, the…
Westchester, Long Island Now 'Overvalued Housing Markets' Following Pandemic Boom, Report Says
Homes in some parts of downstate New York are being considered “overvalued” amid the current housing bubble, according to a new Fortune Magazine report.
Fortune studied home price growth, which is wildly outpacing income growth across the country, with different areas across the US considered “overvalued," “undervalued,” or "normal."
Specifically, in downstate New York, both Suffolk and Nassau counties, as well as Westchester have been listed as being "overvalued," the report states. Other counties upstate also earned the distinction, while markets in the rest of the state have remain…
Fairfield County Ranks As 'Undervalued' For Home Prices, New Report Says
Homes in some regions in Connecticut are being considered “undervalued” amid the current housing bubble, according to a new Fortune Magazine report.
Fortune studied home price growth, which is wildly outpacing income growth across the country, with areas in Connecticut considered “overvalued" or “undervalued.”
Specifically, in Fairfield County, Bridgeport, Stamford, and Norwalk were considered undervalued.
Also undervalued for housing are Hartford, East Hartford, and Middletown, the report said.
New Haven County and Milford were rated as “normal,” with no other areas highlighted by the …
Westchester Real Estate Sales Down In First Quarter, New Report Says
Real estate sales in Westchester dipped by 1.9 percent in the first quarter of this year, compared to 2017, although median sales prices continue to rise.
In its latest market report, Westchester Real Estate Inc. reported that 1,899 properties were sold in the first three months of 2018, compared to 1,933 during the same period last year.
Sales of single-family homes dropped by 5 percent in the first quarter of this year "due to continued lack of inventory,'' the report said.
The good news for sellers, however, is median sales price for single-family homes rose about 1.9 percent from …
