So much has happened over the last ten years in real estate! Between a recession that was in full force circa 2009, through the recovery, and into a rapidly accelerating market followed by a slowdown... we've pretty much seen it all.
So for our latest live video discussion, we decided to sit down and talk about the past decade and what lessons we have learned selling real estate in an ever-changing market. Broker and co-owner of RealEstateSINY.com Anthony Licciardello is interviewed to tell the story. He has been selling real estate since 2007, the onset of The Great Recession.
We talk about how home values fell during the recession, though not as much as you may think. The NY Metro area fared better than most of the country since New York is such a healthy market.
We did, however, see the rise in inventory which was historical. While we may balk at our current month's inventory being above 7 months (the highest it has been in years) it was once above 11 months to clear out all inventory on the market!
Our chat also goes through technology and how much that has changed over the last ten years. So much has changed it's almost impossible to remember what selling real estate was like before smartphones and social media- even smartphones weren't mainstream until about 5 years ago!
We also spend some time updating viewers on the Empire Outlets, opening next month! What is the opening day, and what stores can you expect t see? What the full interview to find out!