The Apple Peeled
The Apple Peeled is our proprietary, long-running newsletter delivered once-per-month right to your inbox. We gather everything you need to know about real estate and other worldly happenings that may affect the market and report them in an easy-to-digest format. In this everchanging world we’re in, there’s nothing quite like keeping our buyers and sellers armed with timely information that can dictate whether or not transacting right now makes sense for them.
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Latest articles
What Happened in Real Estate in December 2022
December closed out a complicated 2022 with the comforting return of some recognizable patterns. As balance returns to the buying process, we’re reminded of our favorite thing about real estate: There is always opportunity. Whether you’re buying or selling, our team at ESPINAL|ADLER can help...
Top 10 Things to Look Forward to in The World of Mortgages in 2023
10 Things to Look Forward to in The World of Mortgages in 2023 By: Scott Nadler I know what you’re thinking, and I completely agree. I can’t believe it’s already 2023. And I don’t know about you but 2022 was a wild year for me and the entire mortgage industry. For the vast majority of my 12 years...
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Top 10 Things to Look Forward to in The World of Mortgages in 2023
10 Things to Look Forward to in The World of Mortgages in 2023 By: Scott Nadler I know what you’re thinking, and I completely agree. I can’t believe it’s already 2023. And I don’t know about you but 2022 was a wild year for me and the entire mortgage industry. For the vast majority of my 12 years...
What Happened in Real Estate in November 2022 + E|A Team 2022 Recap
With impacts often compared to 2021’s banner year and unrelenting economic news, it’s easy to lose perspective as we recap each month. Thankfully, November brought with it some typical seasonal behavior, and it has been refreshing to see familiar patterns returning for the second consecutive...
From a Rocket Ship to a Mountain Bike Ride
Isaac Newton, the 17th century English Mathematician, famously said, “what goes up, must come down.” For most of 2022, the interest rate environment seemed to defy gravity and Newton himself, as rates rose with seemingly no signs of coming down. As I’ve discussed here, the main culprit for this...
What Happened in Real Estate in October 2022
The data is in, and the market is indeed trending towards normal patterns. However, with rising mortgage rates, tightening inventory, and the pandemic’s rush of activity behind us, many people are understandably cautious about both buying and selling right now. But life’s milestones don’t always...
To Rent or to Buy – That is the Question
Who’s on first? Where in the world is Carmen San Diego? And why do hot dog buns and hot dogs never come in packages that match quantities? Those are just some of the age-old questions that we’ve yet to get clear answers on. One question that is equally as trivial for some, but certainly doesn’t...
What You’re NOT Hearing and What the Wealthy are Saying About Today’s Market
I’ve been in the mortgage business for 12 years - and in the last 14 months I’ve seen the lowest rates of my career and the highest rates of my career. To say that the mortgage business in 2022 has been volatile is like saying Jeffrey Dahmer did some bad things – these are big understatements....
What Happened in Real Estate in September 2022
We said last month that the real sentiment of the so-called summer slump was “See you in September” and industry news is starting to sing the same tune. At this point it’s still based on anecdotal evidence, but across media outlets the news is that normalcy has returned. We at ESPINAL | ADLER are...
What Happened in Real Estate in August 2022
Feeling sluggish from this summer heatwave? You’re not alone. The housing market is right there with you. Across the country, housing sales activity slowed throughout August, continuing what many analysts have dubbed a “summer slump.” But we’re not discouraged by industry news, and you shouldn’t...
Can I Get Approved for a Loan?
I was visiting a real estate office last month; ran into a real estate broker I’d never met and introduced myself. She’s a well-established broker who has been in the business for 14 years. Naturally we were talking shop as mortgage and real estate professionals do. She was going through a few...
What Happened in Real Estate in July 2022
As interest rates rise and inflation looms, economic uncertainty is certainly affecting the housing market nationwide. While it’s easy to generalize negatively and extrapolate the effects, it’s not all as scary as it might seem. That’s why we’re here – to dig into the details and work with you to...
The FED Raised Rates… Again. What Does this Mean?
On July 27th, the Fed raised the Fed Funds Rate by another .75%, bringing the Fed’s benchmark rate to 2.25%-2.500% which is the highest it’s been since December of 2018. Leading up to this most recent Fed meeting, I received a flurry of panicked phone calls from clients worried that their rate...
Some Much Needed Perspective and How to Win in this Market
Through the first 6 months of this year all we’ve been hearing about is rising interest rates, higher inflation, a slowdown in the economy, and the can’t miss drama that is Johnny Depp and Amber Heard. (When does Season 2 come out?). Hopefully everyone has found other forms of entertainment...
What Happened in Real Estate in June 2022
What Happened in Real Estate in June 2022 Skyrocketing home prices, historically low mortgage rates, and a lack of inventory may be coming to an end as the Fed continues to tighten policy amid staggering inflation. As the market responds, or recalibrates as we say in the industry, there is a lot...
May 2022 State of the Mortgage Market
MOLINGO: Mortgage Lingo with Michele Hammond, Carbon Team at CrossCountry Mortgage It’s June already?! Summer is just around the corner which means we are nearly halfway through the year. It’s a great time for a 2022 market recap. Here’s what we have seen so far this year… 🔥 A scorching hot...
What Happened in Real Estate in May 2022
With volatility in the financial markets and fears of a recession rising, will property grow more alluring? Or will prices peak? As we track the trends, the answer may be both. Across the country, home prices have been sky high, but buyer sentiment dropped to the lowest level in nearly two years...
April 2022 State of the Mortgage Market
MOLINGO: Mortgage Lingo with Michele Hammond, Carbon Team at CrossCountry Mortgage Rates are up, so business must be slow, right? WRONG! There is a misconception that higher rates have caused the market to slow down, and while that may be true in some other areas of the country, I definitely do...
What Happened in Real Estate in April 2022
Across the board, real estate markets are proving to be vulnerable to the rising interest rates. In Westchester, Miami, and even areas of New York City, the red-hot demand showed signs of cooling throughout April. And just as mortgage rates took some of the edge off the competition, the seasonal...
What Happened in Real Estate in March 2022
March was a banner month in New York City. Across all residential property types, contract signings in Manhattan and Brooklyn increased – a first for Manhattan since 2022 began. Townhouses were highly desirable in Brooklyn and topped the list of priciest sales for the month. The median sale price...
State of the Mortgage Market
MOLINGO: Mortgage Lingo with Michele Hammond, Carbon Team at CrossCountry Mortgage It came as no surprise that the Federal Reserve approved a .25 percentage rate increase at their mid-March meeting. The rate increase (the first since Dec 2018) is just the beginning of a consistent hike, with many...
What Happened in New York City Real Estate in February 2022
As the country endures record inflation and the impacts of Russia’s invasion of Ukraine, surprisingly – or not – the New York real estate market seems relatively unphased from the trajectory it’s been on since pandemic recovery began. February is being categorized by unprecedented demand, despite...
What Happened in New York City Real Estate So Far in 2022
Despite the surging of the latest Covid variant, the beginning of the year continued to show staggering movement when it came to real estate transactions. In January, contract signings were more than double what they were before the pandemic began. February continued the trend, with one week even...
Why did rates go up in Jan 2022? What is the outlook for the rest of the year?
MOLINGO: Mortgage Lingo with Michele Hammond, Carbon Team at CrossCountry Mortgage Many economists expected rates to rise in 2022, but very few thought it would happen so quickly. 30 yr fixed rates hit the highest level since March 2020 (pre Pandemic), and we also saw the largest one-month jump...
A Team United by Passion: E|A Reflects on 2021
“It’s not all about the money,” Marie Espinal says on our final call of the year. “That’s not the only way to measure success.” It’s something she was told her whole life: Follow your passion, do things that excite you, and the money will come. And that’s exactly how she and Jeff Adler constructed...
Your Ready-to-Sell To-Do List
As we gear up for what is shaping up to be a strong 2022 selling season, we've been getting many inquiries of ways our buyers can start the process of getting their homes in the right shape to sell so there's less work, and ultimately less to stress about later on when that time comes. We wish...