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Home Prices Up in ’18 But Lower Than Recent Year...

Due to slow wage growth, housing affordability remains a concern for 2019. Although inventory is poised to improve in 2019, homes that become available may prove to be too costly for first-time buyers. The National Association of REALTORS® forecasts 2019 sales to increase only slightly to 5.4 million nationally (a 1 percent increase over 2018). The national median existing-home price is expected to rise …

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With the President

Happy New Year! I’m honored to serve as your 2019 GCAR President. This will be a productive year for our association and its 3,600 members. Being a member of GCAR carries with it many benefits. Your membership connects you with exclusive products, programs, and services. Your association membership entitles you to professional standards and mediation, free educational programs, CE courses, and more. We advocate …

Blog Jan 23, 2019 0 Continue Reading
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Meet The Directors

Jason Christiana, Berkshire Hathaway HomeServices Blake President Jay serves as President of Berkshire Hathaway HomeServices Blake, REALTORS® with 9 branch offices in Upstate New York. He was recognized in 2012 as one of the Albany Business Review’s 40 under 40 and received the small business leadership award from Workplace Dynamics and the Albany Times Union in 2015 and 2018. Jay is proud of his …

Blog Jan 11, 2019 0 Continue Reading

Prices Continue to Gain Traction

Freddie Mac recently reported that the 30-year fixed rate fell to 4.63 percent – the lowest it has been since mid-September. Mortgage rates have either fallen or remained flat for five consecutive weeks and nationally purchase applicants are responding with an uptick in demand given these lower rates. Though the Capital Region’s sales were reported down, the combination of low unemployment and the recent …

The Days Have Gotten Shorter – So Have the Days ...

As we enter the fourth quarter of 2018, the Greater Capital Association of REALTORS® reports the market activity has not slowed down. There was a 12 percent increase in showings for properties listed over $225,000 and new construction in the Capital Region might be the cause. With the season’s new construction culminating in increased sales and closings the latest Capital Region real estate stats …

Prices Are Rising Along With Demand

The good news is – and there is some – that at the national level, economic analysts predict residential estate will continue along a positive line for the rest of the year. This remains to be the market outlook around the Capital Region right now. Last month 1,487 new listings were posted spending an average of only 59 days on market. Pending sales of …

Summer is Coming to a Close

Pending sales showed no change from August 2017 after 2 months of steady increases. This may be an indication that summer selling season is coming to an end. Closed sales are back on a downward trend after a slight increase in July. Even though closed sales decreased 3.3 percent from August 2017 to 1,271 for the month, we are still at nearly the same …

Find your next listing with these actionable farming t...

Thanks to record-setting low inventories, today’s REALTORS® are taking the reins, knowing they must create their own success by digging deep into solid, sustainable marketing campaigns that generate new business and position them as long-term market experts. Real estate farming is possibly the most proactive position an agent can take to build inventory. The method includes a series of steps that analyze a given neighborhood, …

Blog Sep 19, 2018 0 Continue Reading
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