Saratoga Springs, NY-Info That Hits Us Where We Live

QUOTE OF THE WEEK… “The best preparation for tomorrow is to do today’s work superbly well.”–William Osler, Canadian physician and educator

INFO THAT HITS US WHERE WE LIVE… The work done in January in the housing market was done superbly well indeed, as Pending Home Sales were UP 4.5% over December and UP 9.5% versus a year ago. They’re at their highest level since April 2010, when home buyer tax credits were juicing up demand. Today’s demand is drawing down inventory in most areas, which is why the National Association of Realtors chief economist observed,”… we’re experiencing the strongest price growth in more than seven years.”

That view was doubly supported. The FHFA index of prices for homes financed with conforming mortgages was UP 0.6% in December and UP 5.8% the past year. The Case-Shiller index of home prices in 20 major metros, UP 0.9% in December, is UP 6.8% for the year, the biggest gain since 2006! Yet prices are still very affordable and mortgage rates remain low, so smart buyers are moving forward. New Home Sales shot up 15.6% in January, their fastest pace in five years. And they’re UP 28.9% from a year ago, to their highest level since July 2008.

Kristen Zorda
Loan Officer
648 Plank Rd. Suite 203
Clifton Park NY 12065
Office: 518-366-7999

Orson Klender, Licensed Associate Broker; Keller Williams Real Estate


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About Real Estate Agent in Saratoga Springs

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you.

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