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October 31st, 2020 2:33 PM
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".

Posted by Richard Wayne Abatelli on October 31st, 2020 2:33 PMPost a Comment

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