Climbing Mortgage Rates DO NOT Lead to Falling Home Prices

If you’ve been following the general housing market through media unspecialized in Real Estate, you’ve probably been cued to the concerns of rising mortgage rates. Obviously, at first glance, a ghastly outlook fits the bill. But statistics do not support these gut instincts, and an examination of the housing market over the last twenty years shows a different story for sellers and buyers alike.

While a rise in rates means a cut in the demand for homes, there is an associated cut in the supply of homes from the link between the selling and buying decisions. As both supply and demand move collectively in this way, they have counterbalancing effects on price – lower demand decreases price and lower supply increases price.

Freddie Mac, a government-sponsored enterprise specialized in secondary markets for mortgages, also recognizes the general public’s confusion regarding mortgage rates in their 2018 market overview:

“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

Considering the current strength of the market, fused with the history we have on climbing mortgage rates unhampering market success, the aroma of sale is in the air.

And whether you are a move-up buyer or first-timer, the water is warm.

Jump In.

For a free marketing assessment of your home,
Call (877) 549-3702!


The Finger Lakes Wine Region and What You Need to Know

Explore the incredible Finger Lakes wine region! Whether you’re an expert wine taster or simply enjoy a cold glass of Riesling in the evening, you’ll love touring the local vineyards and sampling the incredible wines. There are over 100 wineries in the region so you might need assistance narrowing them down to the best. We can help! Get the inside scoop on the local wine trails, as well as how to find the best Finger Lakes wine tour packages.

With so many wonderful things to do and see in the Finger Lakes wine region, we can’t possibly put it in just one blog. Download our free Vacation Guide to get a full list of local recommendations. From the best area restaurants to beautiful hiking trails, you’ll find everything you need to plan the ultimate Finger Lakes vacation! You’ll even get more recommendations for the best Finger Lakes wineries. Download it today to get started!

Explore the Finger Lakes Wine Region

If you’re feeling overwhelmed by the many wineries in the Finger Lakes, there’s an easy solution. Visit the wineries on a Finger Lakes wine trail! Cayuga, Keuka, and Seneca Lake all have their own wine trails.

Seneca Lake Wine Trail

Explore the largest wine trail in the state of New York! Seneca Lake Wine Trail, formed in 1986, features 35 wineries, a distillery, two cider producers, two breweries, and a meadery on its path. This trail is known for its hearty grapes, though the wineries on the list have won plenty of awards for the delicate Rieslings.

Cayuga Lake Wine Trail

The Cayuga Lake Wine Trail has the honor of being the first-organized and longest-running wine trail in the country! It was first established in 1983 and includes 16 dog-friendly member wineries, as well as cideries, a meadery, four distilleries, and a taproom.

Keuka Lake Wine Trail

Last, but certainly not least, is Keuka Lake Wine Trail. While this trail may not be the longest running, Keuka Lake was home to the first bonded winery. This region specializes in Vinifera wines, as this area was where they were first planted.

Finger Lakes Wine Tour Packages

Are you ready to plan your very own wine tour? We can help! Finger Lakes Premier Properties has teamed up with S&S Limo to get you going. S&S can accommodate up to 45 passengers in a single limo, so you’ll be able to fit your party with no trouble. If you need some help planning your route, consider using our handy map! Get a visual on where all the best wineries, breweries and distilleries, and restaurants are in the region.

Stay with Finger Lakes Premier Properties

After exploring the Finger Lakes wine region, return to one of the most stunning homes in the area. Finger Lakes Premier Properties has the best selection of top-notch homes. We have vacation rentals on seven of the 11 lakes, including Cayuga, Keuka, and Seneca Lake. Plus, with our 24/7 customer service, you can rest knowing that you will be well taken care of!

Take a look at our full selection of homes and book today! We look forward to having you.

Stay at the Lakes near Rochester, NY, and What You Need to Know

When visitors think of “lakes near Rochester, NY,” they are likely thinking of Lake Ontario. After all, this bustling city is on the southern shore of this massive lake. It may surprise visitors unfamiliar with the area that Rochester is also near all 11 of the Finger Lakes. In fact, many locals include Rochester when speaking about the Finger Lake region. If you’d like to explore Rochester during your trip to Upstate NY, consider staying on the peaceful shores of the Finger Lakes.

Looking for things to do around the lakes near Rochester, NY? Download our free Vacation Guide! We’ve listed all the best attractions in the area, including hiking trails, beautiful parks, and the best places to rent water equipment. You’ll also find our picks for the best restaurants and wineries. Did you know there are over 100 wineries in the Finger Lakes region? Our Vacation Guide can help you narrow that list down! Download it today to plan the trip of a lifetime!

Take a Day Trip to Rochester, NY

George Eastman Museum

Visit the world’s oldest museum dedicated to photography! The George Eastman Museum, built on the former estate of George Eastman, is dedicated to presenting the history of photography and film. This museum features an incredible collection of rare and fascinating photos, detailing the history of genres of film and how technology improved over the years. The museum is open from Tuesday to Saturday, from 10:00 a.m. to 5:00 p.m., and on Sundays from 11:00 a.m. to 5:00 p.m.

Seneca Park Zoo

Tour the Seneca Park Zoo during your day trip! This attraction is home to over 90 species of animals, from mammals to fish. This family-friendly activity is great for people of all ages. After all, who doesn’t like seeing lions, tigers, and bears (oh my!). The zoo is open from the first of April until the last day of October from 10:00 a.m. to 4:00 p.m. The rest of the year, it’s open from 10:00 a.m. to 4:00 p.m., with the last entry at 3:00 p.m.

Rochester Contemporary Art Center

Fans of art should not miss a visit to the Rochester Contemporary Art Center. This non-profit art center was founded in 1977, displaying thoughtful contemporary art. One of the most popular exhibits at this attraction is 6×6. Every year, thousands of pieces of art are displayed. Each work is six-by-six square inches, signed only on the back, and exhibited anonymously. The works are sold for $20 to the public, and the name of the artist is revealed to the buyer upon purchase. This center is open from Wednesday to Sunday, from 1:00 to 5:00 p.m., and from 1:00 to 9:00 p.m. on Fridays.

Stay at the Lakes Near Rochester, NY

After your day trip to Rochester, NY, return to the stunning group of Finger Lakes near Rochester, NY. Finger Lakes Premier Properties has homes around seven of the 11 lakes, including Canandaigua Lake, Keuka Lake, and Conesus Lake. You won’t be able to find a better selection of properties anywhere else in the region.

Check our full inventory and book a home today! We look forward to having you.

Are you looking for some great things to do in the Finger Lakes, NY? Take a look at our blog! It’s a great resource for all things Finger Lakes.