by Robert Smith | Oct 24, 2025 | Real Estate News, Housing Market, Real Estate Licensing Course
Key Takeaways Home values rising: Median home prices in Onondaga County are up about 6–8% year-over-year, averaging near $270,000. Fast-moving market: Homes often go pending in less than a week and many sell above asking price. Rates are easing: 30-year mortgage rates...
by Robert Smith | Sep 22, 2025 | Housing Market, National Association of Homebuilders, Real Estate News
✅ Key Takeaways Mandated energy codes can add substantial upfront costs to new homes (e.g., 2021 IECC), which reduces affordability for entry-level buyers. Energy choice matters: allowing multiple fuel/appliance options helps builders meet budgets and buyers’ needs...
by Robert Smith | Sep 4, 2025 | Real Estate News, Housing Market, Housing Statistics, National Association of Homebuilders
Key Takeaways: New-Home Affordability in Central & Western NY (2025) Syracuse (Onondaga County proxy): The median new home is $516,253; income needed is about $185,280. Roughly 89.2% of households cannot qualify. Rochester: Median new home $559,998; income needed...
by Robert Smith, Lic. RE Broker/Instructor, CDEI | Aug 19, 2025 | Housing Market, Real Estate News
Key Takeaways: Suburban Housing Supply Crisis The suburban housing supply crisis is weakening the link between rising home prices and new construction. NAHB research shows regulations add nearly $94,000 to the price of a new home. Zoning and permitting delays create...
