Notes from the Field July 2022
Dear Friends,
Happy Summer!
To Buy or Not to Buy?
It's still a seller's market, whether it feels that way or not. According to the latest Douglas Ellman Market Report, the median sales price rose to the highest $/sq ft on record.
However, buyers are feeling nervous about the impact of rising interest rates and the volatility in the stock market as well as the impact of the supply chain and the effects of the war in Ukraine but there is no time better than the present to consider the opportunity of real estate protecting your assets against inflation and the stock market.
If You're Thinking of Selling
The time has come for sellers to reset their expectations. Correct pricing is now even more critical in obtaining the highest price possible.
As always it's crucial to have a real estate professional who understands the inventory- especially when this is still low. An agent who can identify the ‘opportunities and who can advise on your goals as a seller and a buyer is now more important than ever.
Latest Views of Our Universe
Video of our universe, galaxy, and the Milky Way. These images are seen for the first time and captured by the NASA infrared Webb telescope. We, humans, are all connected to the universe- we are all made of the same exact stuff as this cosmic landscape.
As always, please don't hesitate to reach out to discuss your Real Estate needs - I would love to be of service.
Wishing you a summer of peace.
All my best,
Keren
