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.
Fewer People Receiving Unemployment Benefits; Nearly 4 Million Less Than the Previous Week
May, 28 2020
Fewer People Receiving Unemployment Benefits
Nearly 21 million people received unemployment benefits in the week ending May 16; a decrease of 3.8 million from the previous week’s revised levels.
Forbearance Options for Homeowners
May, 27 2020
Forbearance Options for Homeowners
Due to the coronavirus pandemic, the job market and economy have changed drastically, with record-high filings for unemployment.
April 2020 Existing Home Sales
May, 26 2020
April 2020 Existing Home Sales
Housing market activity in April 2020 fell 17.8% from March 2020. April's sales of existing homes dropped 17.2% from April 2019.
5 Housing Market Trends as of April 2020
May, 22 2020
5 Housing Market Trends as of April 2020
NAR’s April 2020 RCI Survey shows the effect of coronavirus social distancing measures on the housing market. Here are five trends based on the data.
April 2020 Foot Traffic Report
May, 22 2020
April 2020 Foot Traffic Report
Home viewing data from SentriLock®, LLC, shows a downward trend in home buyer traffic in April 2020 compared to the previous month and one year ago.
Tracking Jobless Claims by State: Week Ending May 16
May, 21 2020
Tracking Jobless Claims by State: Week Ending May 16
Most of the companies hiring to meet increased demand are included in the health care, food and grocery, delivery, and telecommunications industries.
Housing Affordability in March 2020
May, 21 2020
Housing Affordability in March 2020
At the national level, housing affordability improved in March year-over-year, and median home prices rose 0.8% from one year ago.
Unemployment Continues to Show Signs of Slowing
May, 14 2020
Unemployment Continues to Show Signs of Slowing
Millions of small businesses were able to benefit from the Paycheck Protection Program (PPP) and rehire their furloughed employees.