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.
Credit/Debit Card Spending Picking Up
July, 31 2020
Credit/Debit Card Spending Picking Up
The U.S. Census Bureau reported that personal consumption spending in Q2 2020 fell by nearly 35% on a seasonally adjusted annual rate.
June 2020 Pending Home Sales
July, 31 2020
June 2020 Pending Home Sales
June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago.
New Unemployment Claims Increased to 1.4 Million Last Week
July, 30 2020
New Unemployment Claims Increased to 1.4 M Last Week
Layoffs are still happening with 1.4 million new filers for unemployment insurance, a slight increase of 12,000 from the prior week.
Instant Reaction: Latest Mortgage Rates and Unemployment Filings
July, 30 2020
Instant Reaction: Mortgage Rates and Unemployment
The housing market is hot because of lower mortgage rates, but the luxury market may remain soft due to jumbo loan issues.
Instant Reaction: GDP, July 30, 2020
July, 30 2020
Instant Reaction: GDP, July 30, 2020
As expected, economic activity collapsed in the second quarter due to the total virus-lockdown in April and only partial re-openings in May.
Homeownership Rate Increased During the Pandemic, According to the U.S. Census
July, 29 2020
Homeownership Rate Is Up During the Pandemic
According to the Census Bureau, the homeownership rate increased by nearly 4 percentage points in Q2 2020, to 67.9%.
Comparing Mortgage Payment Status by State
July, 28 2020
Comparing Mortgage Payment Status by State
NAR has analyzed the ability of mortgage holders to meet their mortgage payments by state, age group, and income.
Contract Terminations Fall to 7% in June 2020 as Jobs Recover
July, 27 2020
Contract Terminations Fall to 7%; Jobs Recover
As jobs recover, the fraction of purchase contract terminations has started to decline again.