Surging mortgage rates, low inventory continue to slow New York housing market
September 21, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Inventory of homes available across New York State shrunk once again as mortgage rates surged to a two-decade high in August, according to the...
New York home inventory, sales drop amidst escalating mortgage rates
August 22, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Mortgage rates continued to climb in August, nearing seven percent, while the inventory of homes across New York State continued to drop to near...
New York housing market remains cool as low inventory and higher borrowing costs persist
July 20, 2023 11:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Despite the heat of the summer months, the New York housing market remains cooler than usual for this time of year due to a combination of continued...
Sales prices drop but inventory shortage remains across New York
June 22, 2023 11:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., June 22, 2023 (GLOBE NEWSWIRE) -- Home prices inched lower across New York State in May while inventory continues to decline in year-over-year comparisons, according to the housing...
Sales continue to fall amid fluctuating interest rates and low inventory
May 18, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- With interest rates continuing to be in flux and inventory of homes reaching record lows, closed sales across New York continue to fall, according to...
Lack of inventory hampers NY housing market again in March
April 20, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., April 20, 2023 (GLOBE NEWSWIRE) -- For the 41st consecutive month in year-over-year comparisons, housing inventory dropped across the Empire State, helping to slow the New York housing...
Low inventory, mortgage rates contribute to struggling NY housing market
March 21, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., March 21, 2023 (GLOBE NEWSWIRE) -- With a continued lack of inventory and Interest rates starting to rise once again, closed sales dropped to their lowest point in nearly a decade,...
Home sales take a steep drop to begin 2023
February 21, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Homes sales dropped across the Empire State to start 2023 to the lowest point since the beginning of the COVID-19 pandemic, according to the housing...
New York housing market continues to slow down to close 2022
January 20, 2023 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., Jan. 20, 2023 (GLOBE NEWSWIRE) -- Low inventory and decreasing home sales were indicators of a near perfect storm for a slowing market to close out 2022 across the Empire State,...
Housing affordability continues to slow New York State housing market
December 21, 2022 12:00 ET
|
New York State Association of REALTORS®, Inc.
ALBANY, N.Y., Dec. 21, 2022 (GLOBE NEWSWIRE) -- Inventory of homes for sale fell for the 37th consecutive month in year-over-year comparisons while mortgage rates continue to be more than double...