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, March 14, 2024
March, 14 2024
Mortgage interest rates continued their 14-week stay within the mid-6% range this week, falling from 6.88% to 6.74%
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Where Did People Move To and From in 2022?
March, 13 2024
In 2022, affordability issues and remote work drove 8.2 million Americans to move to different states. Let's take a look at these migration...
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Housing Affordability Conditions Made Progress in January 2024
March, 12 2024
At the national level, housing affordability increased in January 2024 compared to the previous month, according to NAR’s Housing Affordability Index.
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Instant Reaction: CPI, March 12, 2024
March, 12 2024
In February, CPI rose by 3.2%. The important “core inflation” component rose by 3.75%, its lowest reading since April 2021.
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Gen Z and Millennial Home Buying Hotspots: Where Young Buyers Are Putting Down Roots
March, 12 2024
The National Association of REALTORS® computed the median age of home buyers within each region, state, and among the 200 largest metro areas.
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Instant Reaction: Jobs, March 8, 2024
March, 8 2024
Latest jobs figures display a mixed picture. Another 275,000 net new payroll jobs were added in February, but the unemployment rate went up to 3.9%.
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Instant Reaction: Mortgage Rates, February 29, 2024
February, 29 2024
Mortgage interest rates ticked up again this week to 6.94%; for a $400,000 home, with a 20% down payment, the mortgage payment would be $2,116.
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The Share of All Cash Buyers Highest Since 2014 at 32% of All Buyers
February, 23 2024
Since October 2022, all-cash home buyers who did not finance their recent home purchase have been more than one-quarter of the real estate market.
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