With mortgage rates still high, many prospective homebuyers are waiting on the sidelines until rates come down. The impact of these higher rates is evident in the housing market data, as housing starts fell 14.7% in March from February, marking a 4.3% year-over-year decline. Douglas Elliman Licensed Real Estate Salesperson Timothy Malone and Compass NYC Real Estate Broker Mickey Conlon joins Wealth! to discuss the current state of the housing market. Malone explains that with mortgage rates so high, the current buyers in the market are those who “need to buy right now,” while everyone else is waiting on the sidelines. He advised buyers to “negotiate the sales price,” as the sellers who “need to sell right now are very negotiable.” However, Malone cautions against waiting, as rates drop and demand increases, it will become more challenging to find a home. Conlon acknowledges the pent-up demand in the market, noting that buyers will eventually make moves due to life changes or financial pressures. He observes that buyers have slowly started returning to the market, buoyed by the prospect of the Federal Reserve’s proposed rate cuts, which “has helped to get us over the hump” of housing market stagnation. However, Conlon warns that the possibility of no rate cuts “is real.” He emphasizes that while current rates are not historically bad for the housing market, buyers have become “drunk” on the low-rate scenario. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith.

.

239 Carlton Avenue & 104 West 13th Street : From physical advantages like increased vitamin D and anti-inflammatory effects to mental health improvements to a sense of accomplishment, there are.

Welcome to WellSpring Stables in Colts Neck, which spans a massive 160 acres and has a hefty price tag to match..

WellSpring Stables in Colts Neck offers a barn with 24 stalls, a 25,000-square-foot main house, and more than 160 acres of manicured farmland..

Design trends don’t add value to your home, but design tips do..

Judge Judy is saying goodbye to her stunning NYC penthouse duplex! Located at Sutton Place South, the unbelievable abode features everything from a wrap-around terrace to multiple fireplaces, but the star said she and her husband, Jerry Sheindlin, are ready to downsize. “We’ve enjoyed this jewel of an apartment. Time to simplify,” the star, whose r….

The iconic TV judge Judith Sheindlin, who’s best known as Judge Judy, has listed her four bedroom and four bathroom New York City apartment for sale for just over £7million ($9.5m).

The home boasts four bedrooms, four full bathrooms and a wraparound terrace featuring stunning views of the East River.

The iconic TV judge Judith Sheindlin, who’s best known as Judge Judy, has listed her four bedroom and four bathroom New York City apartment for sale for $9.5 million.

JUDGE Judy passed a verdict on her opinion of Generation Z — and her multimillion-dollar apartment. Judith Sheindlin, the woman behind the iconic courtroom persona of Judge Judy, listed her New Yor….

JUDGE Judy passed a verdict on her opinion of Generation Z — and her multimillion-dollar apartment. Judith Sheindlin, the woman behind the iconic courtroom persona of Judge Judy, listed her New Yor….

The Long Island abode of a couple of musical standards fans takes maximalism to a new level.

TWO real estate pros have given their top advice on keeping a space from looking tacky. They specifically warned of a home renovation faux pas that could make the bathroom look more like a “b….

239 Carlton Avenue & 104 West 13th Street : From physical advantages like increased vitamin D and anti-inflammatory effects to mental health improvements to a sense of accomplishment, there are

Douglas Elliman brokers Tom Postilio and Mickey Conlon are joining Compass with plans for a new team and market expansion.

This One’s For You: The Music of Barry Manilow Pops 40th Birthday Gala adds starry new cast members.

The West Side neighborhood once known as the printing district is now the site of lots of new development. But housing is still slightly less expensive than in nearby areas..

Developed in 2007 and unfolding across an immense 160 acre horse farm, this unique estate includes a classically-inspired 25,000 square foot main house and extensive equestrian facilities..

Buyers want movie theaters, wine rooms, outdoor kitchens, saunas, gyms, electric car hookups, agents say.

A pair of real-estate professionals recall getting stuck with some very wary clients..

Partners in life and in business, married, dynamic duo Tom and Mickey are a top-producing real estate team and musical force..

Real estate market sees rise in second home buys in new areas like Napa, Moreno Valley and parts of Long Island.

The quickest way to get caught up on the most important things happening today in Port Jefferson..

.

There was a time when wood trim was pretty passé. Stately Victorians and original Arts and Crafts bungalows saw their rich wood details painted over in lieu of the white-and-gray minimalist look that dominated real estate listings for the better part of the early aughts.Now we’re in the heyday of trim. Timeless wood! Neon! A whole rainbow of colors is fair game. So what’s a renovator to do?

Called Somerset, the 10.6-acre property’s main house was inspired by the Governor’s Palace in Williamsburg, Virginia.

Asking $6,750,000, this duplex penthouse co-op atop 53 East 66th Street has been renovated where it counts, but it’s as classic an uptown Manhattan residence as it gets.

Emmy Award-winning actor Camryn Manheim is starring on NBC’s “Law & Order” revival as Lt. Kate Dixon — and she’s also been spotted house hunting recently on the streets ….