Nov 10, 2022
Summary:
Are home values and securities/investments going to implode? I sit
down and chat with New York real estate expert Andrew Ragusa to get
the latest insight on what’s happening in real estate, especially
in light of the economy and politics. Speaking from his experience
in the industry, Andrew reports that many people are leaving New
York City and settling in the suburbs, and this is largely
influenced by crime. He also notes that, although people don’t have
as much buying power as they once did, people are still buying and
there is a lot of inventory on the market. Tune in for more
information on what is happening and what is to come in real
estate.
Highlights:
-Everyone is concerned about inflation, the price of food, and the
prices of homes
-People are headed to the ballots with financial issues in mind
-People are upset with how much money is being spent
-New leadership in Congress could help put some sort of check in
place
-Homeowners in NY are also thinking about crime
-Lots of people are leaving the city and relocating to the
suburbs
-We’ve seen a 5-6 point increase in a year, and prices have still
not budged very much
-New York State could very well shift political views, with many
voters going red this time around
-The bidding wars with properties are no longer as drastic
-People don’t have the same buying power they used to, but they are
still buying nonetheless. There’s also a decent amount of inventory
on the market. Beforehand, many people were settling for a home
rather than finding one that fit all of their criteria
Useful Links:
Financial Survival Network
Andrew Ragusa Instagram
Andrew Ragusa Website