My New Blog

According to the National Association of Realtors, home sales fell in September nationwide. This may have been as a result of very low inventory. However, the annual gain is still up 20.5% year to year. This is the most important metric!
Across the USA, residential real estate prices are up 15%. Locally, I believe the North Fork residential real estate may have appreciated 2 or 3 percentage points higher.
We can also thank the very low nationwide 30 year fixed rate of 2.8%, as per Fannie Mae even though many of our higher end  transactions on the North Fork have been "all cash".