Nanuet Homes and Condos

Better Homes & Garden Rand Realty. Michael Truiano 845-480-2366, Nanuet NY 10954

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Inflation and Interest rates

Inflation was hotter than anticipated in September while initial unemployment claims are trending higher.

Consumer Inflation Remains Hot But Is Hope Ahead?

The Consumer Price Index (CPI), which measures inflation on the consumer level, showed that inflation increased by 0.4% in September, double the amount economists expected. On an annual basis, inflation declined from 8.3% to 8.2%, though this was also above estimates.

The real story here was Core CPI, which strips out volatile food and energy prices. It also came in higher than forecasted with a 0.6% rise. As a result, year over year Core CPI increased from 6.3% to a hotter than expected 6.6%.  

The increase in prices last month was broad-based, with shelter, rent, food and medical care services costs all rising in September. While gasoline prices declined 4.9% in September, they are 18.2% higher than the same time last year.

What’s the bottom line? Besides causing higher prices, inflation is the arch enemy of fixed investments like Mortgage Bonds because it erodes the buying power of a Bond’s fixed rate of return. If inflation is rising, investors demand a rate of return to combat the faster pace of erosion due to inflation, causing interest rates to rise as we’ve seen this year.

However, when we look at how inflation is calculated, there is hope that it may start to move lower in the months ahead.

Inflation is calculated on a rolling 12-month basis, which means that the total of the past 12 monthly inflation readings will give us the year-over-year rate of inflation. For example, when the data for September 2022 was released last week, it replaced the data for September 2021 in the calculation of annual inflation. Going forward, the inflation readings that will be replaced are much higher, so if we see lower monthly readings this fall and next year, the annual rate of inflation would then move lower.

Producer Inflation Also Higher Than Expectations

The Producer Price Index (PPI), which measures inflation on the wholesale level, rose 0.4% in September, coming in hotter than expectations. On a year-over-year basis, PPI decreased from 8.7% to 8.5%. While this moderated, it was also higher than anticipated. Core PPI, which strips out food and energy prices, was in line with estimates with a 0.3% increase. The annual figure declined from 7.3% to 7.2%.

What’s the bottom line? We still have not seen a meaningful decline in producer inflation. This can lead to hotter consumer inflation levels as producers have two options: reduce margins or pass along higher costs to consumers.

In addition, 30% of small business owners reported that inflation was their single most important problem in operating their business in September, per the National Federation of Independent Business Small Business Optimism Index. However, compensation and wages did moderate while owners expecting higher selling prices fell to the lowest level since September 2021. Both of these developments could signal moderating inflation in the months to come.

Fed Minutes Convey Hawkish Tone

The minutes from the Fed’s September meeting were released last week and they showed that the Fed believes it needs to continue its tightening policy even as the labor market slows. The Fed acknowledged that inflation was declining more slowly than anticipated and “many participants emphasized that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.” 

The hawkish tone to the minutes shows the Fed’s priority is taming inflation, even if it means economic growth, consumer spending and the labor market could be hindered.

Remember, the Fed has been under pressure since late last year to address soaring inflation, and in response they have hiked their benchmark Fed Funds Rate five times so far this year, including their latest aggressive 75 basis point hike at their meeting on September 21. The Fed Funds Rate is the interest rate for overnight borrowing for banks and it is not the same as mortgage rates. When the Fed hikes the Fed Funds Rate, they are trying to slow the economy and curb inflation.  

Initial Jobless Claims Rise for Second Consecutive Week

The number of people filing for unemployment benefits for the first time rose by 9,000 in the latest week, as 228,000 Initial Jobless Claims were reported. This followed a 29,000 increase in Initial Claims in the previous week. Continuing Claims, which measure people who continue to receive benefits after their initial claim is filed, were essentially unchanged, rising 3,000 to 1.368 million.

What’s the bottom line? Although the level of Initial Jobless Claims is still low, the increase in the last two weeks is significant and the trend in Initial Claims now appears to be higher. This report can be the “canary in the coal mine” to show that the job market is starting to soften, as an increase in the pace of firings is a precursor to a higher unemployment rate.

What to Look for This Week

Crucial housing reports will be released beginning Tuesday with the National Association of Home Builders Housing Market Index, which will give us a near real-time read on builder confidence for this month. Housing Starts and Building Permits for September follow on Wednesday, while September’s Existing Home Sales will be reported on Thursday.

The latest Jobless Claims numbers remain important to monitor when they are released as usual on Thursday. Plus, October’s manufacturing data for the New York and Philadelphia regions will provide important updates on that sector when it is reported on Monday and Thursday, respectively. 

Technical Picture

Mortgage Bonds ended last week trading in an extremely wide range between the floor at last Thursday’s low of 96.98 and overhead resistance at 99.54. The 10-year eclipsed the 4.0% level and ended last week trading at around 4.02%, meaning it has a bit room until reaching the next ceiling at 4.075%.


Virtual Showings

Its certainly not business as usual and lots of buyers have put moving to a new home on the back burner. But some of my clients, for various reasons, need to sell or buy right now. We are doing so with new protocols for safety and innovative marketing including virtual showings. Stay safe my friends!

virtual showing

Nanuet Mother Daughter Home for Sale

Just Listed: 7 Apollo Ct, Nanuet

nanuet mother daughter real estate house for sale

Welcome home to this Beautiful Raised Ranch in the Award-Winning Nanuet School District. Super convenient location, close to transportation, highways, shops, and this home is located on a dead end street which only adds to its privacy and value! The main level of this home boasts a bright and sunny living room, dining area with sliding glass doors leading to the amazing three season room, eat-in-kitchen also with sliders to the three season room, three bedrooms and a full bath. The lower level features a “legal second kitchen” with a separate entrance , family room, powder room, office/workshop, laundry room and a spacious master bedroom with vaulted ceiling, walk in closet and master bath. Plenty of room in this home for your extended family or guests. You’ll enjoy outdoor entertaining in the fenced in level backyard or going for a dip in the in ground pool complete with diving board! This is a home not to be missed, book your showing today, you won’t be disappointed!!!

Call 845-480-2366 for info and appointments.

View all other Rockland County Mother Daughter Homes for Sale Here


2018 Nanuet Real Estate Half Time Report


It’s time for my Nanuet Half Time Report. On the following page you can review calculations based on Nanuet homes sold between January 1, 2018 and June 30, 2018. Obviously, this is not a substitute for a full home evaluation, which I can also provide if you ever need. But this is a great snapshot of what is going on in the Nanuet market right now. I have also highlighted some of my current Nanuet listings if you know anyone looking to buy.


The early part of the year was a full blown seller’s market. Homes were selling within days of hitting the market, multiple offers received and even selling over asking price! Limited inventory and high demand dictated the market in the first half. Larger homes, however, have not seen the same appreciation. You can see that three bedroom homes have shot up in value this year while the average five bedroom home remains flat.


Are you thinking of selling your home? Now may be the ideal time. Buyers often pay a premium this time of year to ensure they are in a new home for the September school year. As always, you can call me at 845-480-2366 with any real estate questions.



  • The average Nanuet SOLD price in the 1st half was $473,000.
  • This was an 11% increase from 1st half 2017. ($425,000)
  • On average, Nanuet homes sold for 99% of asking price.
  • On average, Nanuet homes sold for $224 per square f
  • The highest Nanuet sale YTD: 21 Blue Heron Rd, $730,000.

Average sold price by home style:

Colonial $593,000
High Ranch/Bi-level $457,000
Capecod $396,375
Split level $424,000
Ranch $387,500

Average Nanuet Sold price by # of bedrooms:

3 bedrooms $387,000
4 bedrooms $495,234
5 bedrooms $562,400



Michael Truiano
BHG Rand Realty
(cell) 845-480-2366


Thinking of Selling? Contact Mike Truiano, Nanuet’s #1 Listing Agent in 2017

Nanuet Colonial for sale – 105 Briar Road

 View all Nanuet Colonial Listings

105 Briar Road, Nanuet. $599,000

Call Listing agent Mike Truiano for status and availability. (845-480-2366)
Request an appointment for 105 Briar Road, Nanuet Colonial
  • 4 bedrooms
  • 3/1 bathrooms
  • 3252 Sq ft
105 Briar Road Nanuet Colonial for sale
You’ve seen the rest, now see this spectacular, expanded Colonial.  This versatile home features an addition w/ unlimited possibilities. Heated sunroom w/ separate entrance, hut tub, vaulted ceilings and wall to wall windows. Perfect as a yoga studio, art studio, gym, play room… Second bonus room w/ fireplace. TWO home offices,- room for everyone to work from home!  Beautifully Renovated kitchen featuring custom built cabinetry, granite counters, gaggenau industrial pizza oven plus second oven/microwave combo. Upper level features 4 bedrooms, 2nd home office, master w/ walk in closet and master bath. Laundry room on the top floor- no more carrying laundry up the steps! No expense spared- 5 zone heating and a/c hydro air system.(Most clean and comfortable breathing air) Control the temp w/ your phone thanks to newly installed Nest thermostats. 2 car garage, walk in mudroom, Partially finished, walkout basement with kitchenette perfect for extended family, mother/daughter possibilities.  Cedar closet plus tons of storage space.  Professionally landscaped w/ sprinkler system, vegetable garden, flat backyard & electric fence. Award winning Nanuet school district. Commuter’s delight- close to NY State Thruway, Garden State Pkwy, Commuter Park & Ride. Close to Nanuet Train Station, Shops at Nanuet and Nanuet Outdoor education center. 

Newport Estates

Search All Nanuet Real Estate listings

Search Nanuet NY Rockland Real Estate Homes For Sale, Nanuet Condos for sale and Nanuet Town houses for sale

4 Norge Avenue, Nanuet. Pristine High Ranch Listing

One of the best value’s currently on the market in Nanuet. Move right into this beautiful well kept home. Click picture to view full listing description directly from Hudson Valley Gateway Multiple Listing. Or Call Listing Agent Mike Truiano for status and availability. 845-480-2366

4 Norge Avenue, Nanuet NY 10954

4 Norge Avenue, Nanuet House for sale








GAS & ELEC         $244- MONTH    (BUDGET PLAN)

WATER                 $35- MONTH      (BUDGET PLAN)


ROOF                    INSTALLED 2006

FURNACE            INSTALLED 2001

13 Fulton Street Nanuet NY 10954 rockland county real estate listing

13 Fulton Street Nanuet NY 10954 13 Fulton Street Nanuet, Rockland County real estate

Nanuet Home for sale near Tennyson Park


Newly upgraded Hi Ranch featuring 3 full baths with Kohler fixtures. New energy-efficient windows, 42,000 btu Carrier central air, new energy-efficient 3 zone heating, new garage door with auto opener and security code, newly paved driveway, new paint in and out, renovated utility room with ceramic floor, new wash sink, and plenty of storage, wood burning fireplace in family room. Raised wooden deck and  beautiful landscaping. Must see to appreciate. School bus stops right in front of house.

Call Mike at  845-480-2366 to schedule a showing!


Request your free home evauluation from Rand Realty agent Mike TruianoThe results are in for 2012 real estate prices in Nanuet. I am happy to provide this comprehensive breakdown to you. These calculations are based on Nanuet home sales between January 1, 2012 and December 31 2012. Obviously, this is not a substitute for a full home evaluation, which I can also provide if you ever need. Just click the image to the right to request your free Nanuet home evaluation.


Let’s start with an overview of the 2012 Nanuet real estate market.

• The mean average Nanuet SOLD price in 2012 was $396,215.
• This was a 1.9% decrease from the 2011 average ($404,090)
• The mean avg. ASKING price on Nanuet homes sold was $418,255
• On average, homes that did sell sold for 94.8% of ask price.


We also tracked the average sales price in Nanuet from 2002-2012.

2002 2003 2004 2005 2006
$348,537 $427,161 $460,548 $535,928 $515,236
2007 2008 2009 2010 2011
$512,738 $479,216 $446,084 $439,112 $404,090


Mean avg. sold price by home style:               

  • Colonial – $470,628
    High Ranch/Bi-level –  $409,777
    Capecod –  $373,798
    Split level –  $364,467
    Ranch  – $324,875

Mean avg. by square footage range:

  • 900-1199 sq ft –  $233,600
    1200-1499 sq ft –  $350,090
    1500-1799 sq ft –  $360,312
    1800-2099 sq ft –  $402,029
    2100-2399 sq ft –  $435,333
    2400-2699 sq ft –  $432,000
    2700-2999 sq ft –  $539,760
    3000 sq ft Plus  – $575,000

2012 Nanuet avg. sold price by # of bedrooms:

  • 3 bedrooms –  $358,347
    4 bedrooms –  $434,868
    5 bedrooms –  $466,812

To start the year, its been an extremely busy January. With inventory levels currently low, and an unexpected higher than usual buyer pool for this time of year, we are seeing properties receive a lot of traffic and offers. Moving forward, we project some good news throughout 2013. We anticipate that 2013 sales will top last year’s levels. We don’t think there will be major appreciation this year, but prices will likely be higher at the end of the year than they were at the end of 2012, even if only by a little.


Nanuet real estate SOLD prices in November 2012

Which homes sold in Nanuet last month and for how much? Read below for a complete list of November home sales in Nanuet.

25 Harold Street: SOLD $515,000

25 Harold St Nanuet real estate rockland county ny

25 Harold St

Asking Price was $529,000,  Although this property has a Nanuet address, this is Orangetown and Pearl River school district. Harold Street is located in the Parkway Hill Estates subdivision off Townline Road. Fabulous home with eat in kitchen and brand new stainless steel refrigerator, stove & microwave, granite counters, backsplash, recessed lighting & tile floors. Hardwood floors, master bedroom with updated full master bath, renovated  main bath, family room with wall to wall brick woodburning fireplace.  Paver patio & lovely level, private property w/beautiful landscaping! Updates include new hot water heater, roof and new garage doors. (2 car garage)


11 Birchwood Av: SOLD $ 440,000

11 birchwood Nanuet real estate rockland county ny

11 Birchwood Av
$ 440,000

New Construction with loads of extras!  Asking price was $450,000. 4 Bedrooms, 3 full bathrooms, Oak floors on one level, high gloss laminate floors on other. Iron spindles. Double trey ceiling in Master Bedroom! Vaulted ceilings in dining room/kitchen. Ceramic tiles in bath & laundry with tiled shower/tubs. Granite countertops in bathrooms/kitchen. Custom Aristokraft kitchen cabinets. Benjamin Moore paint, 12 recessed lights and lighting fixtures included throughout the home. GE stainless steel appliances: stove, dishwasher, and microwave. Forced air heat and 2 zone A/C. Cable/Phone Jacks are provided in all bedrooms, family, and living rooms.


15 Norge Av: SOLD $412,500

15 Norge Nanuet real estate rockland county ny

15 Norge Av
$ 412,500

Asking price was $439,000. Perfect home for lovers of outdoor entertaining. Located on a quiet, private cul-de-sac with backyard abutting a undevelopable wooded region, this 4 Bedroom, totally updated Hi Ranch with built-in dining island and marble flooring.  Sliders from Dining Room lead to upper level of a three-tiered deck of which the middle deck is an oversized gazebo. Family Room includes a handsome built-in bar and sliders that access a large patio and in ground pool.



17 East Orchard: SOLD $ 359,686

17 East Orchard: SOLD $ 359,686

17 E Orchard St
$ 359,686

Asking price was $359,900. After seller’s concession, the net price on this transaction was $340,000.  This home features 4 bedrooms, 2 bathrooms, hardwood floors, central air, new Anderson Windows and a large level backyard. This street is located behind the Nanuet Pathmark shopping plaza. 




13 Englewood SOLD $345,000

13 englewood Nanuet real estate rockland county ny

13 Englewood Av
$ 345,000

Asking price was $359,000.  Flat, level private property,  2 car garage, fireplace, bedrooms with double closets? Located on a quiet side street off Middletown Road, this quality built brick home with lovely side porch and attractive breezeway that leads to the roomy 2 car garage.  Home needs updating and care but has great expansion possibilities on 1/2 acre lot.



93 Church St. SOLD $240,000

93 Church St Nanuet real estate rockland county ny

93 Church St
$ 240,000

Asking price was $269,900. This Center Hall Colonial has great potential just needs TLC. This home sits on .25 acre and has 2,048 square feet. Large 5 bedroom and 2 bathrooms. Close to Nanuet school. Sold as is.

Rand Realty at Senior Fair at RCC

On Thursday, August 30th, Better Homes and Gardens Rand Realty, the Nanuet office, will be hosting a booth at the Senior Fair, 2012.  This is a free event at the RCC fieldhouse. numberous vendors will be on hand, providing all sorts of information on items such as health care services, financial assistance and membership info on local clubs and volunteer organizations.

The Better Homes and Gardens Rand Realty table will be offering free information on affordable senior apartments in Rockland County, and age 55 and older condos in Rockland County.  There will also be a raffle for a chance to win a free annual subscription to Better Homes and Gardens Magazine.   

For more information on the Senior Fair, visit