Market
U.S. Pending Home Sales Rose Nearly 4% in August While Northeast Pending Deals Fell Slightly
Lower mortgage rates are enabling more homebuyers to go under contract.
Existing-Home Sales Fell 0.2%; New Home Sales Soared Nearly 21% in August
The average 30-year fixed-rate mortgage in August was 6.59%, according to Freddie Mac, down from 6.72% in July and 6.50% one year ago.
NAR Survey Finds Realtors Embrace AI and Digital Tools to Enhance Client Service
Two out of three agents either agree (38%) or strongly agree (29%) that their brokerage provides all the tech tools they need.
NY Metro Housing Market Shows Steady Momentum Amid Regional Price Swings
Month-over-month comparisons revealed significant regional variation. Sullivan County led the surge with a 16.4% jump in median home prices, followed by Putnam County with an 11.3% increase.
Report: Seven of the 50 Largest U.S. Metros, Including NYC, Now Considered Buyer’s Markets
At the metro level, seven of the 50 largest U.S. markets were in buyer’s market territory in June with six months or more of supply: Miami, Austin, Orlando, New York, Jacksonville, Tampa, and Riverside, CA.
NAR: U.S. Pending Home Sales Declined 0.4% in July
Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Realtor.com: Only 13% of Homes on the Market in NYC Metro are Affordable for a Typical Household
While wages have risen 15.7% in the same time frame, they haven't kept pace with borrowing costs.
HGAR: July Market Sees Stable Prices and Signs of Balance Emerging
In July, inventory saw small gains in some counties, but the market is still tight overall.
NAR: Northeast Existing-Home Sales Rose Nearly 9% in July
The ever-so-slight improvement in housing affordability is inching up home sales.
OneKey MLS: Prices Climbed in NYC Metro Region While Sales Eased Amid Mortgage Pressures in July
Despite the dip in closings, prices continued to rise: the median sales price for single-family homes jumped 7.3% to $775,000.
NAR: Three Out of Four Metro Areas Posted Home Price Increases in Second Quarter of 2025
Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory.
Report: Hudson Valley Rent-Wage Gap Continues to Widen
The Out of Reach report found that the cost of housing in the Hudson Valley continues to rise faster than wages for renters and buyers.
