Fog/Mist 44°
Tag:

Real Estate Market

Real Estate
COVID-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom COVID-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom
Covid-19: NYC Exodus Fuels Massive Hamptons Real Estate Boom Manhattan’s loss during the COVID-19 pandemic may have been the Hamptons’ gain, as New Yorkers flooded east to avoid the density of the city and have been looking to make the area their home. Since the pandemic first made its way to the East Coast, there has been a mass exodus of New Yorkers who made their way to second or rental homes on Long Island, with many not coming back, even as the state’s infection rate has stabilized. According to a new report from Brown Harris Stevens, the market remains robust, in just a few months, between July and September, nearly a billion dollars worth of p…

SHARE

by Zak Failla
Lifestyle
ERA Insite Realty Breaks Down 2020 Housing Market Predictions ERA Insite Realty Breaks Down 2020 Housing Market Predictions
ERA Insite Realty Breaks Down 2020 Housing Market Predictions The start of a New Year brings predictions about almost anything you can imagine, including real estate. Here, we’ll share what some of the industry experts are forecasting, along with our own perspective on the very local Westchester market. Corelogic has made their forecast on price appreciation, estimating that homes in NY State will appreciate by six percent in 2020. Westchester is clearly one of the more expensive markets in the State, and home values at the higher end of the price spectrum have been lagging behind more moderately priced homes. Therefore, our estimate for average hom…

SHARE

Content Partner: ERA Insite Realty
Real Estate
Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions
Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions Westchester residents, many trying to avoid the hefty tax bill that 2018 promises, are finding themselves in an unforgiving buyers’ market, according to this report by TheRealDeal.com. Daily Voice recently detailed the plummeting price phenomenon in this report.  It marks the fourth consecutive quarterly decline in Westchester’s home sales. Prices in Westchester fell 18 percent in the second quarter of 2018, with homes asking between $1.5 million to $3 million faring the worst, according to Bloomberg and this Crain's New York Op-Ed piece. In Scarsdale alone, prices dipped 5 percent in the …

SHARE

by Jon Craig