housing market

New York City’s Housing Market Finishes Strong in 2021; Slowdown Expected in 2022?

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New York City’s residential real estate market closed 2021 with many arguing it had the strongest performance in three decades. By mid-October, Manhattan contract signings already surpassed the previous record, which was 12,520 in 2013 (UrbanDigs). With a little under two weeks left in 2021, closings reached 14,774 (Cavanaugh, TheRealDeal). Already, that’s more than double …

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Inflation is Rising, What About Housing Prices?

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Prices are rising, nearly universally. Inflation appears to be increasing at an increasing rate. Just about all credible economists are continuing to signal the inflation warning bells, with consumers continuing to pay more for everyday necessities, such as food and gasoline (Fox, CNBC). While we’re yet to see substantive, broad housing price increases, many believe …

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As Fall 2021 Approaches, Will the Housing Market Cool Off?

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Today’s hot housing market is one of the peculiar outliers to the pandemic (Campisi, Forbes). Housing supply was already low before COVID-19, however it was even further hampered, as lockdowns took place, enticing people to begin looking for new homes. Experts have attributed this to a desire to leave populated cities for better home offices …

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Home Prices Continue to Soar, Are We Headed for Another Housing Market Bubble?

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Nearly all experts predict we are not. Here’s Frank Martell, President, and CEO of CoreLogic. With prospective buyers continuing to be motivated by historically low mortgage rates, we anticipate sustained demand in the summer and early fall… Additionally, housing market investors don’t perceive there to be many similarities to the 2008 housing market crash. The …

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