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Dominique Dalia-Rudolph Blog

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Consumers Would Like to Know: Why Is The Housing Inventory Still Incredibly Low?

April 12th, 2022 by Dominique Dalia-Rudolph

One question that's top of mind for homebuyers this year is: why is it so difficult to find a house to buy? The truth is, we're in a strong sellers' market, so real estate is extremely competitive for buyers right now. The amount of buyers searching for a home greatly outweighs how many homes are available for sale.

All though low inventory in the Long Island housing market isn't new, it's a challenge that has continued to grow over time. Here are two reasons why today's housing inventory is minimal and what it means for you.

1. New Home Construction Fell Behind for Several Years

The image below depicts new construction for single-family homes over the past five decades, including the long-term average for housing units completed. Builders exceeded that average during the housing bubble (shown in red on the graph). This resulted in an oversupply...

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Categories: Purchasing a Home

Tags: long island real estate, home, inventory, buying, Housing Market Update, Buying Myths, For Buyers, ddr, dalia deals realty, dominique dalia-rudolph, buying a house, realty, houses for sale near me, real estate

April
6

Home Is Where the Heart Is Now More Than Ever Before

April 6th, 2022 by Dominique Dalia-Rudolph

There is no denying the multiple financial benefits of homeownership, but often overlooked are the sense(s) of security, gratitude, comfort, and pride, gratitude, we feel from homownership. The last two years, those emotions have been stronger than ever before. We as a society have lived through a time that has truly changed our needs, and who we are. As a result, owning a home has had a new meaning for majority of us.

As per the 2021 State of the American Homeowner report by Unison:

"Last year, staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head."

The pandemic has pushed us all to ne...

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Categories: Purchasing a Home

Tags: long island real estate, home, inventory, buying, Renting Vs. Buying, Housing Market Update, For Buyers, ddr, dalia deals realty, dominique dalia-rudolph, buying a house, houses for sale near me, real estate

March
30

How To Reach Your Homebuying Goals > This Year < [INFOGRAPHIC]

March 30th, 2022 by Dominique Dalia-Rudolph

Some Highlights

If you are planning to buy a home, you may want to put these items on your to-do list to ensure you hit your goals.
It is essential to start working on your credit and saving for a down payment early. When you're ready to begin your search, work with a real estate professional and get pre-approved to know how much you can borrow for your new home.
Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year.

Categories: Purchasing a Home

Tags: long island real estate, home, buying, Housing Market Update, Buying Myths, For Buyers, ddr, dalia deals realty, dominique dalia-rudolph

March
29

Expert Insights on the 2022 Housing Market

March 29th, 2022 by Dominique Dalia-Rudolph

Buyers and sellers alike are wondering what's next for the housing market as we move forward in 2022. Will more homes come to market? Are the prices going to continue to on the upswing? Mortgage rates, will they increase? We refer to the experts to find out. Please take a look at what they predict will happen throughout 2022.

Danielle Hale, Chief Economist, realtor.com:

"Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas

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Categories: Selling Your Long Island Home

Tags: long island real estate, home, selling, inventory, buying, ddr, dalia deals realty, dominique dalia-rudolph

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