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October 2016 Archives

Could a softening market change your strategy?

As the summer heat hit its apex in late July and early August, so did housing prices in Manhattan. We noted in a post at the end of July that the luxury housing market was overheating due to softening demand and a robust supply of apartments and townhomes in New York City. Because of this, properties worth $2 million and more were taking longer to sell.

Should increasing home prices be discouraging?

If you live outside of Manhattan and you believe that home prices in your neighborhood (or where you are looking to move) are continually rising, chances are that you are not alone. According to a recent crainsnewyork.com report, home prices in Brooklyn and Queens hit record highs this year.

More areas emulating New York City with 'surban' areas

For those looking for new homes in New York City and the surrounding region, it is easy to understand what is considered “urban living.” The same could be said about “suburban living.” But knowing what “surban living” may entail may not be so obvious.

National average rent sees slight drop in September

Our last post focused on the growing rental opportunities in Brooklyn as another multifamily development recently received funding and is underway. Additionally, the rental market appears to be holding as favorable to renters, even as the fall housing season begins.

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