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, June 30, 2022
June, 30 2022
The 30-year fixed mortgage rate fell to 5.7% from 5.81% the previous week. While up from last year, rates are still historically low, below 6%.
Instant Reaction: Mortgage Rates, June 23, 2022
June, 23 2022
Mortgage rates remained below 6% this week. However, since the beginning of the year, home buying has cost about $800 more every month.
Aging Population to Boost Smart-Home Technologies
June, 21 2022
Smart-home technologies and related services can help older adults make their daily tasks easier and improve their overall quality of life.
Instant Reaction: Mortgage Rates, June 16, 2022
June, 16 2022
Mortgage rates surged to their highest level since 2008, with the 30-year fixed mortgage rate rose to 5.78% from 5.23% the previous week.
Instant Reaction: Interest Rates, June 15, 2022
June, 15 2022
The short-term Fed funds rate has risen by 175 basis points, and the 30-year fixed rate mortgage has risen by nearly 300 basis points.
Housing Affordability Falls as Mortgage Rates Climb in April
June, 14 2022
Nationally, housing affordability fell in April compared to the previous month, with monthly mortgage payments increasing by 14.5%.
Instant Reaction: CPI Inflation, June 10, 2022
June, 10 2022
Inflation is hurting everyone, especially those who need to drive more frequently such as Realtors®.
Instant Reaction: Mortgage Rates, June 9, 2022
June, 9 2022
Mortgage rates resumed their upward trek after falling for the last three weeks.