Posts Categorized: Interest rates

Will the Coming Bump in Interest Rates Lower Co-op and Condo Values?

New York City real estate professionals are split on what effect the Federal Reserve’s expected raise in short-term interest rates will have on property values and real estate development. According to the latest survey by accounting firm Marks Paneth, 41 percent say an interest rate hike will cause co-op and condo values to decline, 34… Read more »

Is It Time to Worry About Rising Interest Rates?

The Federal Reserve is likely to raise short-term interest rates later this year for the first time since 2006. Will it throttle the commercial real estate boom? That’s a multibillion-dollar question for investors. Real estate insiders talk about the rate hike the way doctors talk about wine: healthy in moderate doses. Even if higher rates… Read more »

Homeownership’s Impact on net Worth

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question. Some of the findings revealed in… Read more »

A Home’s Cost vs Price Explained

  We have often talked about the difference between COSTand PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned about price but instead about the ‘long term… Read more »

Riding The Interest Rate Train

Real Estate shoppers and aficionados, travel with me this week on the interest rate train, as we examine historical mortgage interest rates and come to rest at our destination, today’s marketplace. It may seem more like a roller coaster ride than a pleasant sightseeing journey, but it should give you some perspective on a decision… Read more »