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March 2016 Archives

Will competition help NYC buyers?

Having the distinction of being the tallest residential building in New York City has its perks. For one, the value of such property may be more than other competing buildings. And the view from such a property can be priceless. But as the real estate market continues to grow, having that distinction may be difficult to attain, much less maintain.

Why the real estate market struggled last month

In a prior post, we highlighted the perceived slide in New York City’s luxury home market. Essentially, the market appeared “particularly sluggish” according to the Federal Reserve’s Beige Book. While this may be alarming to those putting real estate up for sale, there could be a perfectly reasonable explanation for this trend.

What should I look for in a residential real estate contract?

Whether it is an apartment or condo, buying a home in New York City is a major investment. Once you have made an offer on your new home, the seller will send you a contract. Although it may be tempting to just sign it, it is important to carefully review it first to ensure that it contains certain provisions that will protect your interests during the purchase process.

Proposed 'superblock' sues hotel over name

The quote “what’s in a name” often evokes thoughts of Shakespeare’s Romeo and Juliet, where Juliet appears to believe that it does not matter if Romeo is her true love; since he is still from a rival family. Taking that quote in the context of real estate, it is critical for developers to have a unique name that would not be confused for other properties.

Is the high-end real estate market slowing?

Depending on who you ask, the real estate market in New York City may be very hot or simply lukewarm. It is common for homebuyers to have a difficult time finding the perfect apartment or condo based on location, price and personal preferences. However, builders and developers depend on the market continuously being driven by buyers willing to pay top dollar for top locations and amenities.

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