Category: Market Trends and Insights
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A Tale of Two Trends: Rising Home Sales vs. Spiking Evictions
As we move into 2025, two seemingly contradictory trends are emerging in the U.S. housing market: the expected increase in home sales, and a worrying spike in evictions. These phenomena highlight the complex dynamics of the housing sector and reveal the widening gap between homeowners and renters. The Expected Rise in Home Sales According to…
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Understanding Home Equity: How to Leverage It for Financial Growth
In this week’s post, we explore the significant rise in home equity across the U.S., with homeowners collectively gaining $1.3 trillion in the second quarter of 2024—a substantial 8% increase from the previous year. This surge has been particularly strong in the Northeast, including New York, where property values have appreciated notably. With mortgage rates…
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Is Now the Right Time to Sell? Market Trends for 2024
Explore current market trends and why now might be the perfect time to sell your home in New York. Selling your home is a big decision, and timing can make all the difference in maximizing your profits. As we step into 2024, the New York real estate market offers unique opportunities for homeowners ready to…
MICHAEL LEM REALTOR 