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 1, 2023
June, 1 2023
Mortgage rates continued to rise this week, with the average rate on a 30-year fixed mortgage jumping to 6.79% from 6.39% in the first week of May.
Instant Reaction: Mortgage Rates, May 25, 2023
May, 25 2023
Following the trend of the bond market, mortgage rates rose to an average rate of 6.57% on a 30-year fixed mortgage from 6.39% the previous week.
Pending Home Sales in April Remained Flat from March 2023
May, 25 2023
The pending home sales pace in April 2023 showed no movement from the previous month but fell 20.3% from a year ago.
Long-distance Movers: Why Did They Move and How?
May, 25 2023
Why are homeowners moving, how did they search for their new homes, and how did they ultimately purchase their homes?
Instant Reaction: Mortgage Rates, May 18, 2023
May, 18 2023
With a 6.4% rate, the typical buyer can afford to purchase a home up to $380,000 – $9,000 or 2% less than the median-priced home if they put 20% down.
Instant Reaction: Mortgage Rates, May 11, 2023
May, 11 2023
Mortgage rates moved lower this week, with the average rate on a 30-year fixed mortgage dropping to 6.35% from 6.39% the previous week.
Instant Reaction: Jobs, May 5, 2023
May, 5 2023
A record number of Americans are working, with another 253,000 net new job additions in April.
Instant Reaction: Mortgage Rates, May 04, 2023
May, 4 2023
The Federal Reserve raised short-term interest rates again, but this doesn't mean that mortgage rates will rise as well.