The economic theory – the law of supply and demand – explains what's happening with home prices in the current real estate m...
Dominique Dalia-Rudolph
Posts with tag 'home'
Dominique Dalia-Rudolph Blog
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April
12
12
Consumers Would Like to Know: Why Is The Housing Inventory Still Incredibly Low?
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...
April
6
6
Home Is Where the Heart Is Now More Than Ever Before
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...
April
5
5
Strategic Buying in Today's Market
The game of chess can provide wonderful lessons which may apply to different aspects of life, including the process of purchasing a home. Chess requires you to strategiz...
March
30
30
How To Reach Your Homebuying Goals > This Year < [INFOGRAPHIC]
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.
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