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 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...
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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...
October 2021 in NYC Real Estate
Ten months into 2021, the number of real estate transactions in Manhattan continued to rise across all property types. At the same time, the number of listings rose again for the second consecutive month. While all types of properties showed annual gains this month, condos have been leading the...
The History & Evolution of E|A
Marie Espinal and Jeff Adler have been on a long professional journey together, where throughout it all, one thing remains constant: their drive to improve the industry for the benefit of the client. This fall, amidst the unpredictable markets of a world navigating the recovery of an unprecedented...
September 2021 in NYC Real Estate
Has Miami dethroned New York as the most expensive housing market in the nation? Not quite, but it has surpassed Los Angeles to claim second position and is nipping at our heels, according to RealtyHop’s latest data, which factors median home prices against median incomes to form the rankings....
James Stanley NY Improves The Industry
Real estate and construction go hand in hand, which is why ESPINAL|ADLER maintains a long-term relationship with James Stanley and his design/build firm James Stanley NY. With a background in engineering, design, and architecture and decades of hands-on experience, James knows the industry—and has...
August 2021 in NYC Real Estate
August was a roller coaster of a month, but the good news is we’re heading back towards equilibrium. Of course, data suggests we can count on Manhattan to break the mold with its unwavering allure regardless of what’s happening in the rest of New York or the nation. Manhattan’s signed contract...
15-year vs. 30-year Mortgages
This month we're featuring an easy-to-digest audio format for our Molingo (mortgage lingo) section of The Apple Peeled. This month's conversation features a conversation with Matt Jablonski and Marie Espinal, where they discuss financial situations when it may make more sense to go with 30-year...
All about Appraisals
This month we're shifting to an easy-to-digest audio format for our Molingo (Mortgage Lingo) section of The Apple Peeled. This month's conversation features Q+A with Al Rapoport, SVP at Cross Country Mortgage, on everything you need to know about appraisals, and what to do when appraisals come in...
July 2021 in NYC Real Estate
New York is back, baby! And if you’ve been toying with the idea, now is the time to buy. The demand stream in the market is steady, which means you’ll have some competition, but there is inventory out there and mortgage rates won’t stay this low forever. All of this demand (some experts are saying...