In the last two centuries, approximately 90% of all millionaires and billionaires have been real estate investors — and, as billionaire industrialist Andrew Carnegie said, “the wise young man or wage earner of today invests his money in real estate.”
For the average investor, though, that’s easier said than done. Purchasing real property can be tricky, whether you’re looking for a fix-and-flip, ongoing passive income, or a long-term buy-and-hold. Not every stock price goes up, and nor does the value of every home.
As with all investments, if you’re considering purchasing an investment property in Ulster County, you need the guidance of a seasoned professional expert in local real estate investing.
Here, you will find comprehensive real estate data analysis from the New York State Association of REALTORS®; the latest industry news for real estate investors; the top reasons you should use a REALTOR®; our MLS home-listing search tool; town-by-town descriptions of life in Ulster County; and the best ways to connect directly with the Ulster County Board of REALTORS®.
Remember: If you know the town in which you want to invest, it’s never been easier to find a real estate agent. Google the town name and “real estate agent,” and contact licensed REALTORS® with experience advising investors in the area.
Instant Reaction: Mortgage Rates, May 2, 2024
May, 2 2024
At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon.
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REALTORS® Continue Giving Back, Despite Market Headwinds
May, 2 2024
Despite market challenges like low inventory, higher mortgage rates, and low annual sales, REALTORS® remain committed to helping their communities.
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Real Estate's Impact on the Economy by the Numbers: A State-by-State Analysis
May, 1 2024
The housing sector is a significant contributor to gross domestic product (GDP) through construction, home sales, and renovations.
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Navigating the Housing Market: A Seasonal Perspective
April, 29 2024
Seasonality refers to predictable changes in data that correlate with certain times of the year; understanding it will help us anticipate trends.
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Instant Reaction: Mortgage Rates, April 25, 2024
April, 25 2024
Mortgage interest rates for the week sit at an average of 7.17%, and may show little dramatic downward movement any time soon.
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Housing Affordability Weakened in February 2024
April, 19 2024
Housing affordability fell nationally in February 2024, the monthly mortgage payment decreased 3%, and the median single-family home price fell 1.5%.
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Instant Reaction: Mortgage Rates, April 18, 2024
April, 18 2024
Mortgage interest rates rose to 7.1% this week; despite higher mortgage rates, mortgage applications increased.
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Instant Reaction: Mortgage Rates, April 11, 2024
April, 11 2024
Yesterday's inflation figures rose to 3.5%, and as a result, mortgage interest rates are likely to increase in the coming weeks.
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