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.
Existing-Home Sales Reach Highest Annual Level Since 2006 but Weaken in December 2021
January, 21 2022
2021 Existing-Home Sales Reach Highest Level Since 2006
Housing market activity in December fell 4.6% month-over-month. However, 6.12 million existing homes were sold in 2021, the highest level since 2006.
CRE Metro Market Reports: Florida is the Hottest Commercial Market
January, 20 2022
Metro Markets: Florida is the Hottest Commercial Market
Florida is arguably the hottest commercial real estate market in 2021 Q4, boasting eight of the top 15 commercial real estate markets.
Instant Reaction: Mortgage Rates, January 20, 2022
January, 20 2022
Instant Reaction: Mortgage Rates, January 20, 2022
Mortgage rates surged for the third straight week of the new year, with the 30-year fixed mortgage rate rising to 3.56%.
More Consumers Are Optimistic About Their Income Outlook
January, 18 2022
More Consumers Optimistic About Their Income Outlook
Take a look at the latest trends on the perception to obtain credit, income growth and moving expectations from the Federal Reserve Board of New York.
Home Buyers Narrow Home Search With Technology
January, 18 2022
Home Buyers Narrow Home Search With Technology
Home buyers today have the ability to view homes online and quickly weed out what they want to see versus what can be discarded.
Housing Affordability Conditions Slightly Weaken in November
January, 14 2022
Housing Affordability Weakens Slightly in November
Compared to the prior month, the national monthly mortgage payment increased by 0.9% while the median family income rose modestly by 0.2%.
Instant Reaction: Retail Trade Sales, January 14, 2022
January, 14 2022
Instant Reaction: Retail Trade Sales, January 14, 2022
Retail sales recorded a seasonally adjusted total of $626.8 billion in December, a decrease of 1.9% from November.
Commercial Weekly: Office Market Ends on Strong Note in 2021 Q4; Investors Still Likely to Stay on the Sidelines in Primary Markets
January, 14 2022
Office Market Ends on Strong Note in 2021 Q4
The demand for office space ended with a strong finish in the second half of 2021, mainly driven by office space absorption in secondary markets.