If you are looking at buying or selling a house in the current market, you know that a large part of the homes price is in the quality of its interior and the status of its décor. That means floors that are in great shape, appliances that are in great repair, and details like energy-efficient wi...
In a prior post, we noted the optimism that was felt regarding New York Citys residential real estate market near the end of 2016. Now there is hard data to support that notion as we complete the first month of 2017. According to a recent article on globest.com, all-time highs for single family...
It may be hard to fathom, but the next time you take a look at the Manhattan skyline and wonder how much property is really worth, you can think with reasonable certainty that it is collectively worth a trillion dollars. That estimate will not be completely out of reason after a recent therealde...
If there is one constant within the real estate market in New York City, it is that uncertainty breeds hesitation. If buyers are not confident or sure about upgrading or expanding their real estate portfolio, they will not do so. With a new President about to take office and interest rates poise...
Like the residential real estate market in New York City, the commercial real estate industry has shown signs of optimism going into 2017. It may be seen both in the purchase of old facilities to make new ones, and in the reconditioning of such buildings to make room for office, retail and reside...
First-time homebuyers have a lot to contend with. Buying property is one of the biggest investments most people make in their lifetimes, and it comes with a broad range of responsibilities and obligations that can be difficult to learn, especially since most people have to learn about them as the...
As we noted in our prior post, there are a number of factors that will define the 2017 real estate market in New York City. It remains to be seen how the market will play out given the recent interest rate hike, but one thing is certain; the luxury real estate market has slowed down considerably....
The end of 2016 comes with great optimism for 2017. With that, renters and potential homebuyers want to know what the market will be like next year. Of course, there are many predictions. This post will highlight a few. Interest rates will rise – The Federal Reserve raised interest rates for the...
Since 2010, it is has been illegal for private homeowners to rent out their homes and apartments for less than 30 days. However, since the advent of Airbnb, New York residents have ignored this law and have continued to offer their homes for rent for as little as a few hundred dollars per night t...
When you are getting your house ready to sell, you want to make sure that you get the best possible price. This is especially important in a sellers market like the current one, where an asking price is only the beginning, because how far your propertys price escalates is directly related to yo...
By 2050, sea levels around New York City are expected to rise as much as 2 1/2 feet. This is something that should concern anyone thinking about buying waterfront property in the future. A lot of people think of waterfront property as their dream purchase because a certain lifestyle goes along w...
If youve never bought property in New York City before, open permits are a major source of concern that you need to know about. In NYC, all but the most basic of cosmetic renovations require homeowners to open a work permit from the Department of Buildings. Once renovations are finished, the DO...
Innovation is just as important in real estate as it is in other industries. In some cases, creating new products from old ones may satisfy the purpose of staying ahead of the competition. With regard to real estate in New York City, transforming unused (or under-used) buildings to appeal to a ne...
Last week we noted how confidence among commercial real estate developers and investors was still high despite the slowing market. However, sentiment among real estate brokers (both commercial and residential) was quite different heading into this weeks presidential election. According to a rec...
If you are looking to buy a home in New York, it is important to understand why home inspections are necessary and what they consist of, because they are your best chance to learn about potential maintenance concerns and repairs that a property needs. Inspectors look for water damage, foundation ...
This week was rife with anticipation about whether the Chicago Cubs would win the World Series for the first time in 108 years, or whether the Cleveland Indians would bring the city its second championship in 2016. The Cubs ended up winning in thrilling fashion. Now the nations anticipation turn...
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, proper...
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. The...
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. For the uninitiated, this term refers to sub...
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. The market in New York City c...
In our last post, we highlighted the growing rental opportunities in Brooklyn. Indeed, the building boom may still provide some opportunities in Manhattan, but the price points in Brooklyn make the borough an attractive option; especially considering the number of new buildings being built. A re...
While many New York City residents prefer condominiums and co-ops for ease of living purposes, there is still a certain romance to tree-lined streets full of townhouses. For those areas of the city that have not been totally consumed by new high-rise developments, townhouses provide a unique oppo...
In our last post, we highlighted a number of ways to obtain the ideal rent, given that the rental market remains strong for those seeking places to live. While the market has not dropped in Manhattan, it appears that over-saturation may be imminent in Brooklyn. According to a recent curbed.com ...
Because of the warm weather expected this week, many may not know that fall is coming on Thursday. Indeed, the fall may not be the ideal time to seek deals for when it comes to renting property. However, the market for luxury properties has not been ideal. As we noted in a prior post, the combin...
As we have noted in a number of our posts, a key to being successful in real estate is being able to anticipate trends. One such trend involves knowing ones target market, what they currently appreciate and what choices they will make in the future. This is why many current and real estate proje...
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