Skip to main content
#
Website Demo
Ardolino Banner
Long Island North Shore Real Estate - Homes For Sale | New York Realtors - Agents
Search Long Island North Shore Properties
Stony Brook, Setauket, South Setauket, Old Field & Port Jefferson Featured Listings
Stony Brook Real Estate - Homes For Sale | Long Island, New York Realtor
Setauket Real Estate - Homes For Sale | Long Island, New York Realtor
Old Field & Poquott Real Estate - Homes For Sale | Long Island, New York Realtor
South Setauket Real Estate - Homes For Sale | Long Island, New York Realtor
Port Jefferson Real Estate - Homes For Sale | Long Island, New York Realtor
Port Jefferson Station
Smithtown
St. James
Miller Place
Mount Sinai
Local School Info
Buying Stony Brook, Setauket, South Setauket, Old Field & Port Jefferson Real Estate
Selling Stony Brook, Setauket, South Setauket, Old Field & Port Jefferson Real Estate
Team Ardolino, Realty Connect USA North Shore, NY Realtor
Testimonials
Contact Team Ardolino, Realty Connect USA
Sponsored Events
Fall Events

Zillow Testimonials
526115
' I was a seller. Michael connected with me. He connects with people, period. . He gave me realistic listing prices, understood my time-line and ... more '
5.0/5.0
by wisteria1
511564
' My experience with Michael Ardolino, and his team, in specific, Lisa Godt, was what it should be for every home buyer. From the first telephone call, ... more '
5.0/5.0
by user9807108
510572
' Selling my parents home that had history all the way back from my grandparents since 1968. It was everyones home at one time or another. However, as ... more '
5.0/5.0
by user12050833

Real Estate Blog
Latest Posts

Real Estate Blog
Tuesday, December 20 2016

Highlights & Forecasts...

By Michael Ardolino, Broker-Owner, Realty Connect USA
Year-End 2016

A very strong year is ending with a flourish.

  • As recently noted by Long Island Business News, first-time homebuyers and rising mortgage interest rates  are creating a surge in the number of home sales. Inventory remains stubbornly low, creating increased competition among buyers.
     
  • Overall, we still have a mixed bag as we end the year.  Sales prices have been slowly recovering and increases are not yet evenly spread across all areas and all price ranges.  If the market’s current trajectory continues, 2017 could very well be the year this changes and the last piece of the puzzle fits into place.
     
  • The post-election increase in mortgage rates seems destined to continue, with the Fed’s early December announcement of a rate increase, plus three more that it plans for 2017.  Rates are climbing steadily upward and will continue to do so in 2017.  The effect on home affordability and monthly mortgage payments cannot be overstated.
     
  • As reported by Newsday, Realtor.com has predicted that the NY Metro area will be one of the hottest 25 markets in 2017.     We are expected to place at #23.

Sales activity is likely to begin much earlier in 2017 than in most years.  Buyers will try to beat further rate increases, and many current homeowners will want to jump in to our seller’s market.  Continuing a trend we noted earlier this year, millennial buyers and Baby Boomer sellers will be leading the charge.

Our next report will provide local year-end stats and further details on our outlook for 2017.
 


Team Ardolino Sold 3-Homes A Week In 2016...


For The Same Results Contact Michael Ardolino, 631-941-4300 or Michael@Ardolino.com.

Posted by: Michael Ardolino AT 12:58 pm   |  Permalink   |  0 Comments  |  Email
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

 

Michael Ardolino
Team Ardolino/Realty Connect USA
764 Route 25A
Setauket, NY 11733
Office: 631-941-4300
Direct: 631-941-6262
Fax: 631-675-1857
Email:
Michael@Ardolino.com 

Real Estate Website Design &
Real Estate Marketing Services Provided by: 

Pro Step Marketing

Site Map

Terms of Service/Copyright Policy
Copyright© Michael Ardolino, REALTOR®, All Rights Reserved.

Site Powered By
    prostepmarketing.com
    Online web site design