Manhattan Market Report: 3Q2024 Overview
Two significant macro events loom large over the real estate market: interest rates and the upcoming election. Interest rates have already contributed to a cautious atmosphere, as both buyers and sellers adopt a wait-and-see approach. The uncertainty surrounding the...
NYC Real Estate Market: Key Trends Entering 4Q2024
As agents who are out in the field daily, we see firsthand how Manhattan’s real estate market is seasonally shifting. While the data continues to evolve, here’s what we’re seeing right now: supply is steadily rising, buyer interest is growing, and mortgage rates are...
NYC Homebuyers: What You Need to Know About Changes to the Home-Buying Process
Heads up, prospective homeowners - There have been some important changes effecting the home-buying process. As of last month, this new requirement, which follows a National Association of REALTORS® (NAR) lawsuit settlement earlier in the year, aims to improve...
The Impact of Floor Location on Pricing in New York City
When it comes to determining the value of a home in New York City, numerous factors come into play. The expected variables such as location, size, and overall condition certainly matter, but in the unique context of this city, there's an often-overlooked aspect that...
Valuing Outdoor Space in New York City
When it comes to New York City real estate, outdoor space isn't just a luxury – it's a valuable asset. But how do you determine its true value? The value of outdoor space varies based on its size, type, and layout. Let's delve into this topic. Distinguishing...
How to Think About Monthlies
Buying an apartment in New York City is a unique experience, with monthly fees being a crucial consideration that is unlike buying homes in other regions. These additional costs can significantly impact your overall budget and mortgage eligibility, making it essential...
2nd Quarter Recap and Summer Outlook
As summer hits its peak, we now have the latest real estate data for Manhattan’s second quarter. It’s a great time to take a step back, reflect on where we are, and understand the current leverage dynamics at play. Here’s an update on how the market is trending and...
Be Prepared! What to Do in an Emergency.
Summertime. Anytime. Nothing better than being beach-bound with nothing on your mind but fun and relaxation. Then the unexpected shows up. You never know what might happen – a blackout, an earthquake, a flood! Wherever you are in the world, things happen. It’s ok!...
The Importance of Buyer’s Representation
Recently, there has been growing controversy in the real estate market surrounding the value that buyer's agents bring to transactions. This debate primarily revolves around concerns regarding transparency, conflicts of interest, and the structure of compensation....
Trends Setting Premiums in Today’s NYC Market
Understanding the dynamics of property renovations and the potential value they can bring is crucial for both buyers and sellers alike in today’s real estate market. Renovated properties continue to command a premium, influencing sale prices and market trends....
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