The real estate market continues to be one of the most talked about subjects
everywhere you go these days. Not a day goes by that we don’t read or hear about the housing market, the housing bust and all the negative press surrounding it. It is important to keep in mind that all real estate is local and every local
market is different. Most of these negative reports we read or see in the news are based on a national or state level of reporting.
True, the Westchester County area has experienced some declines in sales and sale prices with the downturn of the real estate market, but we are still a vibrant
market and will continue to be so with our close proximity to New York City, our
excellent schools and for quality of the suburban lifestyle we offer.
Sellers will have no problem selling a home if its price realistically and they have gone the extra step in making their home appear in show ready condition. With the increase of inventory on the market, sellers must also realize that homes are taking longer to sell.
Buyers may feel a bit uneasy about the market, but this is a great time to consider buying with interest rates still low, more housing inventory available and some room to negotiate on asking prices.
While I do not have a crystal ball, I believe that Westchester real estate has proven to be a solid investment and there will always be a demand now and in the future for people to want to live here.
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1 comment:
Thank you for that positive post. It is nice to hear a realistic opinion on our local market.
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