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An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. I've since added more information and insights as the situation unfolds. This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. I'm sorry about the length of this piece but please read on.
The spring real estate market is quickly approaching. This can be good news for both buyers and sellers. The summer months typically bring higher sale prices to sellers. It also brings a better selection of homes to buyers. To illustrate seasonal variances, I will use statistics from Montgomery County, PA. I reside in Montgomery County and complete many house appraisals in this county.
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