Top 5 Trends Affecting Real Estate in 2020

| February 19, 2020

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Any buyer that’s been looking for a home can tell you how difficult it is right now to find a home in their price range. Several factors contribute to this trend. Baby boomers are staying in their homes longer, and we have tons of millenials looking for their first or second home. So we have lots of demand, but not enough supply. This is great for sellers, but buyers want to be prepared for it to take several months to find the right property for the right price. Another reason we are seeing such an influx of buyers is because interest rates are staying very low, making it incredibly affordable to obtain a mortgage. As of writing this, a 30 year fixed rate mortgage has an interest rate of 3.62%, and 15 year fixed rate mortgage has an interest rate 2.87%!

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Reidy Contracting Group

Since 2010, Reidy Contracting Group has collaborated with some of New York’s leading companies. Working in partnership with our clients, we strive to maximize efficiency to ensure all of our clients’ goals are achieved. Our projects include renovation, new construction, construction infrastructure, and existing refurbishments. With skilled and highly qualified staff, along with our experienced subcontractors, we consistently exceed expectations.

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Spotlight

Reidy Contracting Group

Since 2010, Reidy Contracting Group has collaborated with some of New York’s leading companies. Working in partnership with our clients, we strive to maximize efficiency to ensure all of our clients’ goals are achieved. Our projects include renovation, new construction, construction infrastructure, and existing refurbishments. With skilled and highly qualified staff, along with our experienced subcontractors, we consistently exceed expectations.

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