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...
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...
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...
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...
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...
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...
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...
“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...
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...
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,...
