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Housing Market

Real Estate
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says These NY Locales Among 20 Hottest Housing Markets In US, New Report Says
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says Blink and you could miss out on homes in these New York locales, among the hottest housing markets in the country, according to a new ranking. Two metro areas in the Empire State made Realtor.com’s “20 Hottest Housing Markets” list for April 2024. To come up with its ranking, the real estate website looked at two key factors in analyzing house markets: Market demand, measured by unique property views on Realtor.com, and the pace of the market, measured by how long houses are for sale. The following New York metro areas made the ranking: No. 2: Rochester. Median listing price: $295…

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by Michael Mashburn
Real Estate
Albany Among 'Juiced Up' Areas Likely To See Home Prices Decline, New Report Says Albany Among 'Juiced Up' Areas Likely To See Home Prices Decline, New Report Says
Albany Among 'Juiced Up' Areas Likely To See Home Prices Decline, New Report Says The Albany area is among the US housing markets that are most likely to see home prices decline as the COVID-19 pandemic housing boom comes to an end, Fortune Magazine reports. Analysts told the outlet that US home prices are now priced ahead of what incomes can support, with the overvaluation varying greatly by market. A market risk assessment found that of roughly 400 metropolitan statistical areas, 67.9 percent were deemed overvalued, Fortune reports. That’s up from 64.7 percent in April. Analysts told the outlet that only 24.5 percent of US housing markets are considered “…

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by Michael Mashburn