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76°
Wednesday, jun 24
Tag:
Home Prices
News
This Dutchess County City Named One of America’s Greatest In New Report
A city in the Hudson Valley has officially earned its bragging rights. The City of Poughkeepsie has climbed to No. 82 on World’s Best Cities.com’s list of the top 100 cities in the US for 2025, which recognized it for its revitalized downtown, walkability, and vibrant community life—all nestled alongside the scenic Hudson River. "It is no secret that the City of Poughkeepsie faces a pivotal turning point in its lifespan," said Mayor Yvonne Flowers in response to the rankings, also adding, "That's why it was especially encouraging to be recognized once again as one …
Real Estate
Home Listings Surge To Record $698 Billion As Buyers Back Off
A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…
Real Estate
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn
Homebuilders are warning about a slow spring due to President Donald Trump's sweeping tariffs and high interest rates, according to a new survey. Builder confidence dropped sharply in May, falling to 34 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, May 15. That's down six points from April, matching the low from November 2023 and marking the worst reading since December 2022. In the Northeast, sentiment slipped three points to 44 on a three-month moving average. A score above 50 means more builders see conditions as good than p…