May 16, 2024
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May 16, 2024
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Linking Northern and Central NJ, Bronx, Manhattan, Westchester and CT

It’s hard to believe that after five straight years of declining housing stock and rising prices that we are still here. The reasons have been discussed and gone over countless times. We are angry at Boomers (guilty) for enjoying their homes too much and not leaving already. We are aghast at stubborn inflation and high interest rates because who isn’t. We are in constant lament that too few options exist for downsizing within our precious communities, and we are disillusioned because there is no end in sight to counter these trends. None.

There is a seasonally expected bump in activity as more sellers hoping to take advantage of red hot prices and demand are entering the ring as the spring market continues at full steam. However, nowhere near enough to make a change in the overall picture of this very rock solid sellers market.

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