Happy 4th of July from Team Garcia NYC! We hope you and your loved ones enjoy a safe and joyful Independence Day! Whether you’re heading to the beach, catching fireworks, or hosting a BBQ, take a moment to celebrate freedom, family, and community. As the summer heats up, so does the real estate market —
Building Relationships through Service A message from Cesar Garcia Dear Neighbors, As we welcome June, thank you for letting me be a part of your real estate journey for the past 23 years. From guiding first-time buyers to assisting families during delicate times like probate sales, I’ve built my career on relationships, not just transactions.
Brooklyn, Queens & Long Island Real Estate Market Update BROOKLYN– Median Home Price: $780,000 (up 2.1% YoY)– Inventory remains tight, but new spring listings are on the rise.– Competitive market for buyers—especially in Bed-Stuy and Crown Heights. QUEENS– Median Home Price: $680,000 (up 1.8% YoY)– Bayside and Forest Hills are showing steady demand.– Great time
Spring has arrived, and with it, renewed activity in the New York City real estate market. Here’s what’s trending in the Big Apple’s housing landscape this month: Market Trends & Insight The NYC real estate market is showing signs of stabilization following a period of fluctuating interest rates. As of April 2025: · Median Home
According to the new Knock Sellers-Buyers Market Index, of the top-100 largest metropolitan markets, 98 of them reported home price declines in September, while 15 markets reported home prices falling by more than 10% from their highs set earlier this year. So what does this mean? According to Knock, a confluence of events that led to the
Saluda Grade, WEG Capital picking up high-demand portfolios From left: Ryan Craft, chief executive officer, Saluda Grade; Sean Breuner, chief executive officer, AvantStay (Saluda Grade, AvantStay, iStock) Short-term rentals aren’t just for mom-and-pop owners anymore: Wall Street has taken notice of the market and are getting in on the game. New York-based investment firm Saluda
Contracts slipped overall from Jan. 2021, but more than double from pre-pandemic After an unprecedented year of sales, New York’s signed contracts across property types are beginning to slow, according to Douglas Elliman. The January report compiled by Miller Samuel one- to three-family homes, as well as condominiums and co-ops in Manhattan, Brooklyn, Long Island,
Florida saw the largest rent hikes during the pandemic You could buy a top-of-the-line laptop and a new cell phone to match, or you could pay one month’s rent for a single-family home in Los Angeles. It’s not much better for prospective single-family renters across California, a study by HouseCanary found. In Ventura or Carlsbad, median single-family
Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year. If you’re looking for the best ways to use your growing equity, here
MBA’s report found that new home sales increased by 3% from September Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. However, on a month-to-month basis, activity was actually 6% higher in October than in the month prior. The strong
Rates dropped from 3.14% in the prior week, according to Freddie Mac’s PMMS The average 30-year-fixed rate mortgage dropped to 3.09% during the week ending Nov. 4, down from 3.14% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78%. Most economists believe mortgage rates will climb following as
Out-of-country buyers purchased only 107,000 properties in a 12-month span Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period, according to a new report from the National Association of Realtors. Though it’s undoubtedly COVID-related, the drop represents the fourth consecutive annual
