Great info From a local licensed appraiser. Click to view full article.
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Do you want to REALLY know what’s going on in the Rockland County Real Estate Market.  Each Month we receive statistics on this very subject.  This month’s report was especially eye opening.

These reports were prepared by Tony Baletta, a licensed appraiser “extraordinaire” with over 45 years of appraisal experience.  Tony has also been a Rockland Resident for those years as well.  And so I put great stock in what Tony says.

I’ve excerpted his comments here, and added links to the graphics so you can see the full report.  ” The figures in the chart to the right, tracking recession periods are not derived from a Federal or State Index or from the Local  M.L.S. or Board of Realtors.   The figures are a result of an annual personal study by Anthony Balletta (Licensed Real Estate Broker and Appraiser).  The figures are only approximate and are not to be used for
appraisal purposes.”

The Bottom Line?  Thre is still no bottom being seen in the Rockland Housing Market.  That does not mean that houses are not selling.  Actually they are.  Many folks are taking advantage of the wonderful low interest rate climate and the over abundance of inventory we have now.

What I believe this all means is the economy is still in a state of flux, and we haven’t hit bottom yet.    We are still seeing some correction, but nothing as extreme as the previous years.  That does not translate to “wait” to purchase.  If you wait to come back into the market along with the crowd, you will definitely lose your competitive edge.

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My next post will point out the difference one pays if they “wait”.