In my personal opinion, one of the most difficult periods of this current recession, from a local real estate perspective, was the stagnation we experienced earlier in the winter months of this year, with inventory rising and buyers on hold.  Although activity has picked up quite a bit since that point, market conditions- and the media- have ensured that current buyer clients have no shortage of reasons to site for sitting on the sidelines!  Many are renting in the greater N.Y.C. area and actively watching the local real estate market, but waiting for some sign of a “bottom”….

That being the case, I find this current video by Bill Raveis, President and CEO of William Raveis Real Estate, very timely and informative. Mr. Raveis explains in easy to understand language how this recession differs from other recessionary periods he has seen during his 35+ years of experience in the Real Estate Industry, and details how you can best take advantage of opportunities in this market.

Take A Look here at the Video- How To Buy a House in a Recession          

Please take a moment also to see how simple it is to run current local housing statistics on raveis.com for Rye or any local community you are interested in. Call or email me anytime for information on Rye area Real Estate.

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