It’s been a long winter in the housing market. Economic unease, uncertainty about taxes, fluctuating mortgage rates, and rain and snow have kept buyers and sellers on the sidelines throughout much of the country.
Those insights – and more detailed observations – come from investment bank Credit Suisse, which polls real estate agents around the country every month. Its February edition, released a few days ago, paints a more uniform picture of housing conditions around the country, though some distinctly local matters, like the impact of the government shutdown on Washington, D.C., or the “red tide” in Gulf Coast Florida, stand out.
|New York/Northern New Jersey||“Buyers are out in force, but seem reluctant to purchase as prices creep higher.” “Majority of home buyers are in first-time price ranges.” “Some concern about taxes and the possibility of declining home prices in the future.”|