We Are Excited for 2016 in Albany

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Happy New Year everyone, 2016 is finally here! We had a great year in 2015 and I can’t thank you all enough for doing business with us. We did over $53 million in sales and it was overall, a very awesome year. The numbers in 2015 were some of the best we’ve seen since the market peak in 2007, but will they continue into 2016? We’re here today to explain.

We have 10,000 baby boomers hitting retirement age each day. They are now starting to downsize their homes as kids are leaving and growing up, and a lot of them are moving out of New York. This is causing values to rise at a slower pace than they normally would.

If you have a larger home and are thinking about downsizing to a smaller one, now is a great time to sell. Conditions are only going to get worse as more and more people retire and move South, causing values to stay stagnant. Listing now, instead of waiting 4-5 years, will ensure you miss the glut of homes that will come on the market in a few short years. Real estate is cyclical, and a surplus of inventory is bound to happen again. 

If you’re thinking about buying, it’s still a great time to do so. Yes, interest rates have gone up, but they are still historically low. I am a buyer of investment properties, and can tell you I’m still getting a great deal on them when it comes to interest rates. 

Overall, this is the best market we’ve seen in the last 7 or 8 years. Buyers are coming out in the lower price points and money is available for those who want to buy. 

If you have any questions for us, or you’re thinking about buying or selling, give us a call or send us an email. We look forward to hearing from you!