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Tom McGiveron at Vylla Home

LI Podcast

Long Island Home Prices Mar 23

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This is the update for Long Island home prices for the month of March 2023.

Long Island Home Prices

This episode of the Housing Expert’s Podcast features some pretty clear evidence of how home prices are still trending higher, both Year-over-Year and Month-to-Month!

While that’s happening, prices on Long Island, mainly in Suffolk County, are also being impacted by higher mortgage rates.

Here’s the Youtube Short that I mentioned in the video that talks about the impact of low mortgage rates on the housing supply now and moving into the future.

What This Podcast Info Means To You

Home Buyers

Pay close attention to the shift in the market. Click here for homebuying tips in 2023.

Home prices, as of now, are not showing signs of “crashing” by any means. Are they slowing down? Yes, but very slowly and it’s uncertain if they’ll actually “go down”.

So many changes, tune into my My Youtube Shorts to get the latest updates and insights on the housing market!

Homeowners

Contact me for a full and complete market analysis of your home value now so you can compare it to if/when you decide to sell.

If you have any plans to sell within the next 1-2 years, knowing where prices are now and being able to compare them to when you actually make the move, will help you understand the market dynamic in the future.

Also, continue listening to the podcast for monthly updates. If you’d like a Complete Home Market Analysis and a Monthly Market Activity report emailed to you, please request here.

Investors

The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.

Also, your comps can’t be general so while you are reading about Long Island home prices, that may not be helpful when you’re comping a home in a specific town.

Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.

Thanks so much for listening to the podcast. Feel free to share this information with a friend!

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.

Long Island Home Prices Update February 2023

by

This is the update for Long Island home prices for the month of February 2023.

Long Island Home Prices

This episode of the Housing Expert’s Podcast features some pretty clear evidence of how Long Island home prices are still increasing Year-over-Year, but there are several other factors that are playing into how the market is slowing down.

What This Podcast Info Means To You

Home Buyers

Pay close attention to the shift in the market. Click here for homebuying tips in 2023. .

So many changes, tune into my My Youtube Shorts to get the latest updates and insights on the housing market!

Homeowners

Contact me for a full and complete market analysis of your home value now so you can compare it to if/when you decide to sell.

If you have any plans to sell within the next 1-2 years, knowing where prices are now and being able to compare them to when you actually make the move, will help you understand the market dynamic in the future.

Also, continue listening to the podcast for monthly updates. If you’d like a Monthly Market Activity report emailed to you, please feel free to sign up.

Investors

The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.

Also, your comps can’t be general so while you are reading about Long Island home prices, that may not be helpful when you’re comping a home in a specific town.

Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.

Thanks so much for listening to the podcast. Feel free to share this information with a friend!

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.

Long Island Home Prices Jan 2023

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In my previous article about Long Island home prices, I discuss how prices may not go down too much in 2023.

Get The Scoop on Long Island Home Prices

Listen On Apple | Spotify | Amazon Music

Podcast Highlights
  • Available inventory is well below seasonal norms in all 3 counties
  • Average home price in Suffolk County is flat (no longer increasing)
  • Pace of contracts is way down

What This Podcast Info Means To You

Home Buyers

I’m going to be going into a deep dive on the difference between buying a home in 2021-2022 vs buying in 2023. The market has shifted and even though prices aren’t going down, they’re no longer going up.

So many changes, tune into my My Youtube Shorts to get the latest updates and insights on the housing market!

Homeowners

Contact me for a full and complete market analysis of your home value now so you can compare it to if/when you decide to sell.

If you have any plans to sell within the next 1-2 years, knowing where prices are now and being able to compare them to when you actually make the move, will help you understand the market dynamic in the future.

Also, continue listening to the podcast for monthly updates. If you’d like a Monthly Market Activity report emailed to you, please feel free to sign up.

Investors

The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.

Also, your comps can’t be general so while you are reading about Long Island home prices, that may not be helpful when you’re comping a home in a specific town.

Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.

Thanks so much for listening to the podcast. Feel free to share this information with a friend!

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.

Long Island Home Prices December 2022

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In my previous article about Long Island home prices, I discuss how prices may not go down too much in 2023.

The Scoop on Long Island Home Prices

Listen On Apple | Spotify | Amazon Music

Housing prices seem to be stable as lower inventory levels continue to support closing prices.

Of course, there is a lag on closing price data so what is closing in November are homes that went into contract in August or September, as it takes an average of 60 days to close.

Of course, with the hack of the Suffolk County website and data in late August, things are slower also so it’s taking longer to close transactions across the board – in Suffolk.

What This Podcast Info Means To You

Home Buyers

Just pay attention to the market updates and get more comfortable with the idea that the more you know, the less you may fear buying a home on your timeline as opposed to what anyone else says, especially the news.

My Youtube Shorts cover daily updates and insights on housing activity so check it out. Text or call me if you want to set up an appointment.

Homeowners

The window of the historic sellers market of the last 2 years is gone. That doesn’t mean you’re home can’t sell for a lot of money.

I’m starting to think that by mid-2023, Long Island home prices could actually start to increase again, especially if rates rise into the high 8’s/9’s and then dip later in 2023 as some experts have indicated. The low inventory will be the saving grace of home values, for now, both locally and nationally.

Know what your home value is now so that if and when you decide to sell, you can at least compare and know where you stand as time moves forward and the market changes.

Investors

The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.

Also, your comps can’t be general so while you are reading about Long Island home prices, that may not be helpful when you’re comping a home in a specific town.

Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.

Thanks so much for listening to the podcast. Feel free to share this information with a friend!

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.

Is It A Buyer’s Or Seller’s Market

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This is a top question for just about every consumer of housing right now. With rates up higher and affordability top-of-mind for homebuyers, I dive in and do an in-depth quick look at the data on price trends, supply and more.

It’s 22 minutes.

Or Listen On Apple Podcast

Links In Podcast:

https://www.fa-mag.com/news/mortgage-rates-could-tank-home-prices-by-20—fed-study-finds-70703.html?section=43

https://www.marketwatch.com/story/this-housing-expert-who-foresaw-the-2007-bubble-says-actually-prices-are-fine-right-now-11635505993

Why Experts Are Off On Housing Crisis

What This Podcast Info Means To You

Home Buyers

Even though we aren’t in a buyer’s market by any means, there are increased opportunities to negotiate on certain listings and keep in mind, your long-term strategy for buying a home.

If you haven’t already seen my Youtube short on how low mortgage rates from 2013-2022 will effect the housing market in 2023, go check it out here, especially if you’re thinking of waiting for more listings to come out.

Homeowners

The window of the historic sellers market of the last 2 years is gone. That doesn’t mean you’re home can’t sell for a lot of money.

Based on the article above, a lot of what happens to prices in 2023/2024, depends on Fed policy on rates. Only time will tell how things go. However, right now, we are in the market indicated in the podcast so contacting me for a free market analysis won’t hurt you either way.

Investors

The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.

Also, knowing your numbers for the type of investment you’re getting into is critical. Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.

Thanks so much for listening to the podcast. Feel free to share this information with a friend! If you’d like to leave a message for the podcast you can do so here – Long Island Housing Podcast (anchor.fm). Any questions about real estate, I’ll answer them on the podcast if you want!

Here’s the link to the Instagram Live videos where you can grab quick info and real estate tips every Tuesday at 12:30pm (subject to my schedule/availability). You can also ask me any questions you have.

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.

Long Island Housing Update Nov 2022

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Listen to find out what’s going on with the most important trends of the Long Island housing market for November: prices, contracts, and new listings.

Or Listen On Apple Podcast

What This Podcast Info Means To You

Home Buyers

If you haven’t already, check out the last podcast, especially if you’re thinking of waiting for more listings to come out.

New listings will continue to hit the market, however, it’s just important that you understand the dynamic of the last 10+ years of low rates. It will cause a lot of homeowners to not list their homes so inventory will remain critically low.

Working with an agent who can help you recognize value for your money is huge right now.

Homeowners

The window of the historic sellers market of the last 2 years is gone. That doesn’t mean you’re home can’t sell for a lot of money.

I’m starting to think that by mid-2023, prices could actually start to increase again, especially if rates rise into the high 8’s/9’s and then dip later in 2023 as some experts have indicated. The low inventory will be the saving grace of home values, for now, both locally and nationally.

Investors

The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.

Also, knowing your numbers for the type of investment you’re getting into is critical. Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.

Thanks so much for listening to the podcast. Feel free to share this information with a friend! If you’d like to leave a message for the podcast you can do so here – Long Island Housing Podcast (anchor.fm). Any questions about real estate, I’ll answer them on the podcast if you want!

Here’s the link to the Instagram Live videos where you can grab quick info and real estate tips every Tuesday at 12:30pm (subject to my schedule/availability). You can also ask me any questions you have.

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.

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