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: Jobs, December 2, 2022
December, 2 2022
Instant Reaction: Jobs, December 2, 2022
Even with the increasing number of layoffs in some industries, the overall job market remains strong.
Instant Reaction: Mortgage Rates, December 1, 2022
December, 1 2022
Instant Reaction: Mortgage Rates, December 1, 2022
The rate on a 30-year fixed mortgage fell to 6.49% from 6.58% the previous week, dropping the median mortgage payment by $140 in the last three weeks.
October 2022 Pending Home Sales Decline as Qualifying for a Home Becomes More Difficult
November, 30 2022
October Pending Home Sales Down; Qualifying Harder
October 2022's pending home sales pace weakened by 4.6% last month and fell 37.0% from a year ago.
Existing-Home Sales Fell for the Ninth Straight Month and Decline 5.9% in October 2022
November, 22 2022
Existing-Home Sales Decline 5.9% in October 2022
October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021.
Single-Family Home Prices Increase in 98% of 185 Metro Areas in Third Quarter of 2022
November, 18 2022
Single-Family Home Prices Up in 98% of 185 Metro Areas
Forty-six percent of the metro markets posted double-digit annual price appreciation in Q3 2022 compared to 80% in Q2.
Housing Affordability Conditions Weaken in September 2022 as Mortgage Rates Escalate
November, 17 2022
Mortgage Rates Rise; Housing Affordability Weakens
Housing affordability fell in September 2022 compared to August, with the monthly mortgage payment up 8.0% and the median family income rising 0.6%.
Instant Reaction: Mortgage Rates, November 17, 2022
November, 17 2022
Instant Reaction: Mortgage Rates, November 17, 2022
The 30-year fixed mortgage rate fell to 6.61% from 7.08% the previous week. As a result, owning a home is 5% less expensive than it was a week ago.
Instant Reaction: Housing Starts, November 17, 2022
November, 17 2022
Instant Reaction: Housing Starts, November 17, 2022
Housing starts in October 2022 fell to 1.425 million annualized units, implying we may face shortage conditions.