Market Conditions for Cortlandt Manor, New York Reported by Geri Schwalb, Associate Broker, ABR Updated November 22, 2011.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

House prices are at all time lows and still edging further downward. Mortgage rates are currently under 4% for a 30 year fixed rate without points! (If you have really good credit)! If a new house is in your 2011 plans, there are things you can do and information you should be armed with to put yourself in the best position possible when the time comes to buy -and this is the BEST TIME TO BUY! There are many, many BARGAINS out there. I firmly believe that the only way mortgage rates can go from here is UP, UP, UP! Once that happens, buyers will have missed the bottom of the market. Housing is really affordable right now. The amount of Jumbo Loans will drop approximately $100,000 come September, so if you're looking in the $600,000's now is the time to buy. Sellers on the market understand that it is a buyers market and are quite realistic. Don't miss this opportunity to buy and don't miss the opportunity to sell quickly.

ZIP Code: 10567

Location Characteristics: Big! That's Cortlandt Manor. The wide spread geographic area across the northwestern part of Westchester with several villages within it's borders, reflects the diversity of housing in Cortlandt Manor. Each village fosters it's own unique identity and the town "outside" which is Cortlandt Manor shows the strong suburban characteristics of a once primarily farming area. A great place to live, and a great place to work.

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