Well, we’re six weeks into the biggest shift in real estate history. I’m talking, of course, about the requirement across most of the country (except in New York City) for buyers to sign “buyer representation agreements” before agents will show them properties. The Wall Street Journal was breathless about the billions of dollars that buyers
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It’s not a buyer’s market. It’s not a seller’s market, either. Broker Frederick Peters called it a “broker’s market.” It’s a market that doesn’t want to be defined. Let’s call it a non-binary housing market. I’ll explain. When it was a Buyers’ Market Since mid-2022, buyers have had it pretty good—if they were carrying cash.
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Just a little enthusiasm about what the Fall real estate market is already seeing: Be in touch if you’ve been thinking about buying or selling. Now is the time! Have a great month! -Scott & The HRT
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How should you think about what’s going on in the residential real estate world? It’s simple. Get out of your own way, and stay out of your own way. Because you’re going to need someone to help you find a home. Really, the rest is noise. Someone will pay for expert advice, either directly or
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The summer is nearly over. What do you need to know right now about the real estate market? It’s so exciting I’ll give it to you in bullet points: I’ll lay it all out for you below. Mortgage Rates are falling Need I say more? Rates are at their lowest levels in a year. And
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A massive change occurred in most real estate markets across the nation on August 17th, 2024: The seller-pay model of residential real estate is in flux. Technically, nothing has changed in New York City, since the Real Estate Board of New York (REBNY) has not settled its lawsuit. However, everything has changed already. It’s a
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If you think about it, the time you spend educating yourself about the housing market is part of your pursuit of the American Dream. Because whoever you are, and wherever you live in the United States, there is a high likelihood that your American Dream includes a house. It’s not just Barbie who has been
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We were so intrigued by the signs in the real estate market that we decided to bring in an entire panel to discuss it! Join us August 7th at noon with a few hundred others, to discuss the Elite Hacks that buyers at any price point can use to succeed in today’s market. Here’s the
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It’s not just real estate agents, dear readers. Every marketer gets caught up in promoting their big wins. This month, however, we’re proud of navigating this challenging market. Our deal of the month is an example of that, even if it took nearly two years to help our Upper West Side seller find a buyer
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Seasonality Historically Speaking, these are the seasons of New York City’s real estate market: Spring: (Q1 through most of Q2) The busiest sales season (more inventory, and brisker sales)Summer: (End of Q2 through most of Q3) Rental Season through Labor Day, slower for sales from at least June 15th-September 1stFall: (End of Q3 until Thanksgiving)
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