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Monticello Market Minute
Dated: December 7 2018
Views: 111
The video below features Alexander Monticello checking in with our latest statistics from around the Capital Region. In a nutshell:
Pending homes are up by 1%.
Home sales are up by 1%.
Closed sales are down. Alex explained that he thinks that is from a lack of inventory.
The open houses that we have had recently have had an above average turnout with 10-14 parties at each one.
Based on the interest in the open houses. we think that it will be a busy first quarter in 2019.
Alex went to a conference where Hugh Johnson Advisors talked about their prediction for 2019 and it may be possible that interest rates can rise another 1/2 to 3/4 of a point.
You can learn more about the market by watching the video below.
Alexander Monticello Esq.
Alexander is a New York State licensed real estate broker and New York State licensed attorney. A life long upstate New Yorker, Alexander has lived and worked in the Capital Region since 2005. He has ....
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