NEW CITY, N.Y. (PRWEB) February 15, 2012
This week Better Homes and Gardens Rand released their Quarterly Market Report reviewing real estate market trends in Westchester and the Hudson Valley for the fourth quarter of 2011.
Rand Realty has been compiling this market report every quarter for almost ten years, providing thousands of interested home buyers and sellers with objective analysis of the regional real estate market.
In the report, Rand discusses the fact that overall prices have continued a slight decline while unit sales have picked up, a clear sign of a mature buyers market. With interest rates down to or below 4.0%, and with the government committed to keeping rates low for at least the next year, borrowers should be able to continue to maintain their buying power. At the very least, low interest rates should prop up an unsteady market while it regains its footing. Further the report indicates that there are indications that this buyers market may be starting to come to an end. The expectation is that housing prices will begin to stabilize and slowly increase as demand increases. Maybe most importantly, recent reports indicate that the general economy is starting to improve, which can only hasten the recovery in the real estate market.
To get a complete copy of the report, please visit:
ABOUT BETTER HOMES AND GARDENS RAND REALTY
Better Homes and Gardens Real Estate - Rand Realty, founded in 1984, is the No. 1 real estate brokerage in the Greater Hudson Valley with 27 offices serving Westchester, Rockland, Orange, Putnam and Dutchess counties in New York and Passaic and Bergen counties in New Jersey. Rand has more than 800 sales associates, as well as a commercial real estate company (Rand Commercial Services), New York mortgage company (Rand Mortgage), title company (Hudson Abstract Services) and New York insurance agency (The Hudson Group Insurance Agency). Rand Realty is also on Facebook and Twitter.