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: Housing Starts, April 16, 2021
April, 16 2021
The housing inventory shortage has been pushing up prices, but also holding back home sales.
Instant Reaction: Retail Trade Sales, April 15, 2021
April, 15 2021
Retail and food service sales for March 2021 recovered from the pull-back in February 2021 as consumer purchases exceeded expectations.
Instant Reaction: Mortgage Rates, April 15, 2021
April, 15 2021
The average rate on the 30-year fixed rate home loan fell for the second straight week to 3.04% from 3.13% the previous week.
13 Months Later, Where Do Mortgages Stand?
April, 13 2021
The homeownership rate for Black Americans is 42%, Hispanic Americans 48.1%, Asian Americans 60.7%, and White Americans 69.8%.
Instant Reaction: Consumer Price Index, April 13, 2021
April, 13 2021
Over the last 12 months, the inflation rate rose 2.6%, compared to 1.7% in February and 1.4% in January, respectively.
Tracking Jobless Claims by State: Week Ending April 3, 2021
April, 12 2021
The economy added nearly one million jobs in March, 2021, the fastest acceleration since August, 2020. Despite job creation, layoffs are continuing.
Housing Affordability Falls in February as Home Price Growth Surges
April, 9 2021
Affordability declined in February compared to January as the median family income rose by 3.5% while the monthly mortgage payment increased 5%.
2021 Spring Market Starting Off Hot and Highly Competitive
April, 8 2021
The latest indicators on inventory, pending sales, home prices, job growth, and mortgage rates point to a hot spring market in many metro areas.