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.
August 2020 Existing-Home Sales Reach Highest Level Since December 2006
September, 22 2020
August EHS at Highest Level Since December 2006
Housing market activity this August rose 2.4% from July 2020, reaching a 6.00 million seasonally adjusted annual rate.
New Unemployment Claims Decreased to Their Lowest Level Since the Beginning of the Pandemic
September, 21 2020
Unemployment Claims at Lowest Level of the Pandemic
New jobless claims totaled 790,021 in the week ending September 12, a decrease of nearly 9% from the previous week.
Weekly Housing Market Monitor: What’s Happening in the Housing Market?
September, 17 2020
What’s Happening in the Housing Market?
The housing market continues to recover strongly, fueled by low mortgage rates.
Instant Reaction: Mortgage Rates, September 17, 2020
September, 17 2020
Instant Reaction: Mortgage Rates
The 30-year fixed-rate mortgage inched up to an average of 2.87% this week from 2.86% the prior week.
Landlord Statistics from the 2018 Rental Housing Finance Survey
September, 15 2020
Landlord Statistics from 2018 Survey
Policy pertaining to renters also impacts landlords and their ability to provide rental housing supply.
Housing Affordability Drops Modestly in July 2020 as Median Family Prices Reach All Time High
September, 14 2020
Housing Affordability Drops Modestly in July 2020
At the national level, housing affordability showed signs of improvement in July 2020 compared to a year ago but dipped compared to June.
New Claims for State Unemployment Benefits Increased Last Week
September, 11 2020
Claims for State Unemployment Benefits Increases
Unadjusted new jobless claims totaled 857,148 in the week ending September 5, an increase of 20,140 (2.4%) from the previous week.
Instant Reaction: Mortgage Rates, September 10, 2020
September, 10 2020
Instant Reaction: Mortgage Rates, September 10, 2020
With these ultra-low mortgage rates, the real estate market is recovering faster than expected from the pandemic.