Good news?
Not in my neck of the Upstate NY woods.
Most of the places up for sake are not starter homes. They are overpriced and overtaxed McMansions.
The few starter homes up for sale are either reasonably priced sweat equity types or way overpriced dumps.
Very little is moving, and the few homes that do sell are going for less than the listing price.
“Very little is moving, and the few homes that do sell are going for less than the listing price.”
I absolutely love upstate NY by the way, so beautiful! In real estate, good news for some is typically bad news for others. The complaint for some time from buyers has been high rates, low supply choices, and high prices.
The situation is starting to improve. If the houses you mention are overpriced, they won’t sell unless the sellers take a lower price. One of my favorite silly sayings from Realtors is “It’s a great time to buy or sell!” That’s a very rare state of affairs!
Real estate values go up and down just stocks, only much slower. Staying power is the key, not timing. I’ve mis-timed both stocks and real estate and had time cure the problem.