Real Estate Blogs

The Island Wide Team



Compared to the last two years, the Housing Market appears to be moderating. However, people need to keep in mind that the past couple of years were beyond any previous record. Millennials reaching peak home buying and low mortgage rates gave way to high buyer demand. Years of underbuilding and sellers holding off from listing their properties led to low inventory.


Even for those who are following the news, it could be hard to gauge whether the market is correcting or crashing. Latest data reveals that there were early signs of a shift back to the market pace during the years going towards the health crisis (not a correction or a crash).


According to realtor.com, "The housing market is at a turning point... We're starting to see signs of a new direction."


To track the traffic of home showings, here's a graph going back to 2019 indicating showings then and now. The data is according to agents and brokers, which is a good indicator of buyer demand.


Credits: ShowingTime


As stated on the graph in color blue, there is an increase of home showings during the pandemic. The numbers from 2019 are the ones in color gray, giving a good baseline of pre-pandemic demand. The current buyer data in color green shows that the demand has started to slightly moderate and showings are still higher than the 2019 levels.


As much as the headlines cause many home buyers to be concerned, perspective always matters. According to the National Association of Realtors (NAR), home sales are still above the 2019 levels:


Credits: National Association of Realtors


For more information about the housing market, here's a quick update and some questions about real estate answered by expert Realtor® Kyle Kelly of The Island Wide Team, together with other professionals from different fields:



At the end of the day, it's best to consult experienced professionals who can lead you into the right direction whether you are thinking about renting, buying, selling, relocating, investing or making real estate your career. Let's talk about your best options!


Call or Text: 631-831-0912

FB Messenger: m.me/KKellyNY

Personal Email: KKellyNY@gmail.com

Team Email: islandwideteam@gmail.com

Instagram: @kkellyny @IslandWideTeam

Twitter: @kkellyny

Tiktok: @therealdoublek

YouTube: youtube.com/agentkkelly

YouTube: The Island Wide Team

Website: islandwideteam.com

Website: kksells.com



Disclaimer: Views and information provided in this post are for general informational and educational purposes only and is not a substitute for professional advice. Before taking any action based upon such information, we encourage you to consult with the appropriate professionals. The use or reliance to any information contained on this site or mobile application is solely at your own risk.



"How Can I Help You?"


This is a common question that we hear, but how can we really help? Here are 5 ideas that you can do to help the community.


1) Plan a Drive or Donate to a Local Charity



Go to your local charity and make a list of the things that they need. You might be surprised that some of the items that they need are things that are commonly found and underutilized in most homes. Connect with neighbors and see if they have any of these things that they may want to donate. That way, you can help those in need and at the same time, you are also helping your neighbors create more space that they can use at home.


2) Promote Local Businesses



Buying your neighbor's freshly squeezed lemonade, ordering home-baked cookies, or sharing helpful information about local food stops and other local businesses can help your community in many ways. Whenever you have good experiences about your favorite stores, try to leave positive reviews so that others may know and patronize them, too.


3) Compliment Others



Simple words of encouragement can go a long way. Sometimes, it's those little things that matter and create a ripple effect. Start complimenting others today and you might notice a positive change around you.


4) Leave It Better Than You Found It



People don't always ask for help because sometimes they don't even know when they need it. For instance, you may find your neighbor's letter outside the mailbox or an Open House sign that was taken down by the wind. It wouldn't hurt to help others by leaving things better than when you found them.


5) Buying or Selling a Home


Surprisingly, even buying or selling a home can help the community. According to a report released by the National Association of Realtors or NAR, buying or selling a home impacts a community economically. Take a look at the charts below:




As you can see, both newly-built and existing homes affect the overall economy of the country. This is because many industries play a role when it comes to buying and selling homes. You have cleaners, home stagers, contractors, realtors, lawyers, and other types of professionals involved in the process. This means that beyond the sale, you are helping other businesses and people who are seeking employment in the community.


Is It a Good Time to Buy or Sell a Home Today?


A good thing to keep in mind is, you don't have to wait when it comes to real estate. You buy real estate and then you wait. This is because real estate values continue to go up year after year. Waiting will only hurt your pocket and halt any help that might be giving your community. Take a look at the housing market report for Patchogue, East Patchogue, and Longwood School District - provided by our expert realtor in Long Island, Kyle Kelly of the Island Wide Team:





Looking for real estate opportunities on Long Island, New York? Want to sell your home and move elsewhere? Thinking about investing in properties for short-term rental? Want to buy a property for long-term investment? There are many ways to explore when it comes to real estate and it's important to connect with experts who have experience and the know-how about the process. Let's talk about your best real estate options!


Call or Text: 631-831-0912

FB Messenger: m.me/KKellyNY

Personal Email: KKellyNY@gmail.com

Team Email: islandwideteam@gmail.com

Instagram: @kkellyny @IslandWideTeam

Twitter: @kkellyny

Tiktok: @therealdoublek

YouTube: youtube.com/agentkkelly

YouTube: The Island Wide Team

Website: islandwideteam.com

Website: kksells.com


Disclaimer: Views and information provided in this post are for general informational and educational purposes only and is not a substitute for professional advice. Before taking any action based upon such information, we encourage you to consult with the appropriate professionals. The use or reliance to any information contained on this site or mobile application is solely at your own risk.



Updated: Jun 8



There are three things that that dictate the Real Estate Market right now:


1. Inflation

2. Inventory

3. Interest Rate


Interest Rates are currently above 5%, and they are going to stay above 5% for a long time.


Perhaps, by the end of the year, they're going to be in the 6%'s.


What are Interest Rates doing right now? Chasing Inflation.


The only way to tame inflation at present is to continue to raise interest rates across the board.


Mortgage rates just happen to be affected by the Federal Reserve, by the Bonds, and by what the Fed is doing with the Interest Rates.


There is an increase in Inventory, however, we're not seeing a spike. We're not building any new houses, although there are some small developments coming in. These developments are not as massive as those down South. This is why the inventory is not going to keep up with the demand of the market. Inventory is not going to get into a level that will start bringing prices down.


Values may not go up as the same rapid rate that they increased over the past two months, yet we're seeing values continue to climb.


What We Buyers Need to Focus On


Marie Kondo once said, "Joy is a very personal feeling. My clients keep items because simply having them and observing them in their home is a source of happiness. They also keep items because of their practicality."


According to a report by the National Association of Realtors or NAR, owning a home that you can freely remodel or style can help bring lots of joy. In fact, many homeowners who were able to do the home upgrades that they dream of have received high "Joy Scores":


The truth is, WE DON'T WAIT TO BUY REAL ESTATE. WE BUY REAL ESTATE AND WAIT.


What you want to do is get off the couch, get pre-approved for that loan, and get yourself into a home before it becomes unaffordable. The greater sense of happiness and excitement can be yours sooner if you focus and invest wisely.


What We Sellers Need to Focus On


You want to get your home on the market before these buyers jump ship and leave Long Island (or whichever city you may be at) and no longer have the capital to buy. Focus on what you can achieve now rather than waiting and losing later.


Check out these 2 videos:


First Video: Kyle Kelly, a Realtor® and Team Leader of The Island Wide Team at eXp Realty talks about the 3 I's

Second Video: Kyle Kelly invites experts from different fields to talk further about the 3 I's affecting the Real Estate market today:



Looking to purchase, sell a home, relocate, or be part of our team? You may also reach us through:


Call or Text: 631-831-0912

FB Messenger: m.me/KKellyNY

Personal Email: KKellyNY@gmail.com

Team Email: islandwideteam@gmail.com

Instagram: @kkellyny @IslandWideTeam

Twitter: @kkellyny

Tiktok: @therealdoublek

YouTube: youtube.com/agentkkelly

YouTube: The Island Wide Team

Website: islandwideteam.com

Website: kksells.com



Disclaimer: Views and information provided in this post are for general informational and educational purposes only and is not a substitute for professional advice. Before taking any action based upon such information, we encourage you to consult with the appropriate professionals. The use or reliance to any information contained on this site or mobile application is solely at your own risk.

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