Real estate is booming in parts of tony Connecticut as wealthy Big Apple residents rush to snap up homes there thanks to “the Mamdani Effect,” according to brokers.
Read MoreNew York City’s suburbs have experienced an uptick in housing demand from wealthy residents in recent months, according to local real estate agents, as high earners scared off by Zohran Mamdani’s mayoral primary victory look for plan B within a reasonable distance.
One such place is Westchester County, a picturesque suburb just 30 minutes north of the Big Apple. Here, real estate agent Zach and Heather Harrison told Newsweek about what they call the “Mamdani effect.”
Read MoreThis summer’s housing market was less about sizzle and more about cooling, giving buyers some relief and sparking enough demand to hint at what fall could bring.
Slowing home price growth, builder incentives, rising inventory in some regions and easing mortgage rates are giving buyers more options and purchasing power. Yet, despite this advantage, many are still putting homeownership on hold.
Read MoreThe U.S. housing market in 2025 is locked in a paradox: record-low inventory coexists with historically high mortgage rates, creating a stagnant environment that amplifies long-term asset risk exposure for real estate and financial sectors.
Read MoreThe much-anticipated spring home-buying season never bloomed. In truth, it hardly even budded.
Now, housing market stakeholders are looking to summer for a potential rebound, hoping that growing inventory and slower home price appreciation will entice buyers off the sidelines by offering more options and greater negotiating power.
Read MoreAs we move into spring, the housing market remains challenging, with record-high home prices and stubbornly elevated mortgage rates prolonging buyer struggles.
Yet, positive signals have emerged in the form of a deceleration in home price growth and decreasing mortgage rates.
Read MoreThis week’s properties are three-bedroom homes in Glen Cove, N.Y., and Norwalk, Conn.
Read MoreWestchester home prices continued climbing in 2024 as sales dipped, according to a report by Houlihan Lawrence.
The report released on Dec. 23 showed median sale prices of single-family homes went up 8.2% to $930,750 from 2024 while sales dropped slightly by 1.5%.
Read MoreThe residential real estate market was quite active in 2024 in Westchester, Putnam, Dutchess and parts of Connecticut, especially in the luxury sectors, according to data from the real estate brokerage firm Houlihan Lawrence.
Read MoreThe housing market in 2025 might have a more favorable outlook than much of 2024 had, especially if mortgage rates and inventory levels improve. There’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, and the impact of the new presidential administration remains a wild card.
Read MoreStill, in the wake of the Federal Reserve’s jumbo-sized interest rate cut in September, many buyers are opting to remain on the sidelines in the hopes that further Fed cuts later this year will lead to more mortgage rate declines.
Read MoreHousing markets in the United States are up right now, but some experts say they’re about to lose a lot of value. This could be helpful to know if you’re planning a big move or trying to find a more affordable cost of living.
Read MoreThe sale will begin Friday at 9 a.m. with a sign up sheet available the night before. The sale will end on Friday at 3 p.m. before opening again on Saturday from 9 a.m. to 3 p.m. Only 25 people will be able to enter at one time and Redding police will be on hand to help facilitate operations, according to Boffey. Boffey added that parking is "tough" in the area and that customers must follow signs of where and where not to park.
Read MoreThe median price of a single-family home in Westchester County, New York has topped $1 million for the first time.
It's not just a big-dollar benchmark for real estate in New York City's northern suburbs. It's the new normal.
Read MoreThe median home in Westchester County listed for $695,000 in March, up 7.1% from the previous month's $649,000, an analysis of data from Realtor.com shows.
Read MoreIt’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and frenzied bidding wars, mortgage rates increased to their highest level in more than 20 years.
Read MoreNewly released data from Realtor.com for January shows that potential buyers and sellers in Westchester County saw houses sell for lower than the previous month's median sale price of $765,000.
Read MoreNewly released data for November shows that potential buyers and sellers in Westchester County saw houses sell for higher than the previous month's median sale price of $700,000.
Read MoreThe policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover the commission for the buyer's agent, as well as that of their own.
Read MoreA housing or real estate bubble is a run-up in housing prices fueled by demand, speculation, and exuberant spending. It can lead to the point of collapse.
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