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The McGowan & Karolak Group |
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Eddie has been working in the real estate industry for more than 18 years as an attorney, broker, associate broker, and investor. He uses his hard-won negotiating strategies to produce the results our clients want.
Basha has more than 10 years’ experience in sales, marketing, and effective client management.
Together, with the help of our highly-trained staff and the use of cutting-edge technology, we give our clients the negotiating, marketing, and technological edge that is so critical in today's real estate market.
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May 2012
Real Estate Market Snapshot
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RIC™ (Realty Index for Consumers™)* |
RIC StatSummary™ |
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LAGGING
This month's RIC™ is slightly up from last month. The market is LAGGING, but FUNCTIONAL, and beginning to look a little stronger. The real estate market likely bottomed in the winter of 2009, signaling that the worst may be over, but it has some way to go before it can be clearly categorized as "Healthy." The leading indicators that comprise the RIC™ show that there may be a return of some relative strength this spring and summer.
*The RIC™ was developed by Eddie McGowan. Click here for more information. |
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Advantage: BUYERS |
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Pending Home Sales (1) |
+5.1% |
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Existing Home Sales (1) |
+3.7% |
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Housing Affordability Index, NE (1) |
147.4 [+]
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Consumer Confidence Index (2)
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69.4 [=]
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Home Data Index, NYC/LI/NJ (3) |
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Quarter-Quarter Change |
- 2.3 |
Rank of Highest Performing Markets
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#6
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REO Saturation (lowest in nation)
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9.7%
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Realtors® Confidence Index (1) |
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1-Families |
31.5 [+]
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Buyer Traffic |
36.8 [+]
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Seller Traffic |
41.1 [=]
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Data compiled and interpreted by Eddie McGowan. A green cell indicates it is a positive indication, red indicates negative. "[+]" indicates it is rising from the previous month or quarter, "[-]" indicates it is declining, and "[=]" indicates it is unchanged. Copyright © 2011 Eddie McGowan. All rights reserved worldwide.
1Copyright © 2011 National Association of Realtors®.
2Copyright © 2011 Siena Research Institute and New York State Association of Realtors®, Inc. Current Consumer Confidence, Metro NYC area.
3Copyright © 2011 Clear Capital®. |
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Group Contact Info |
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QR Code |
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Eddie McGowan |
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Lic. Associate Real Estate Broker, Realtor®
Attorney, Admitted in New York
JD, CDPE, e-PRO, SFR, SRES, TRC
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718-440-4180 Email Me Text Me |
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Zillow 5-Star Premier Agent |
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2011 Prudential Production Award-Winner |
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President's Circle |
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Basha Karolak |
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Lic. Real Estate Salesperson, Realtor®
B.S., Finance, Warsaw University |
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646-331-0598 Email Me |
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Lisa Mongelli |
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Real Estate Assistant |
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Rose Angulo |
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Real Estate Assistant |
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The information provided on this website is for informational purposes only. It is merely the opinion of Eddie McGowan, and it is not intended as a recommendation or as advice of any kind. Past performance is no guarantee of future performance. You should consult with your legal, accounting, investment and real estate advisors before making any decision concerning real estate or any other financial undertaking.
All contents Copyright © 2010-2011 by Eddie McGowan. All rights reserved worldwide. "RIC", "RIC StatSummary", and "Realty Index for Consumers" are trademarks of Eddie McGowan. No part of this website, or its related files, or the RIC(TM), including its formulation, may be used, reproduced or transmitted in any form, by any means (electronic, photocopying, recording, or otherwise), without the prior written permission of the publisher. However, you may make direct quotes concerning the RIC(TM) and the information contained on this website, as long as you reference the specific page on this website, include this copyright protection notice, in its entirety, and include a working, direct link to http://www.EddieMcGowan.com.
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209-18 Northern Boulevard
Bayside, New York 11361
718-631-8900
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