For the last six consecutive weeks, 30 year mortgage rates have lowered and lowered. The big question is when to lock in; wait a few months or take the chance now. Many economists are forecasting that rates will rise again later this year as our economy gradually improves and more for
The high-end real estate market continues to show strength in New York City. Within this luxury market, townhouse sales are booming. According to data provided by Miller Samuel, 69 townhouse transactions were completed between January and May 15th this year. This represents a 43.8% in
In dealing with luxury real estate, buyers demand not only the best listings and client services, but a strict standard of privacy as well. Beyond a certain price point, agents realize the possibility of celebrity status consumers and the heightened pressure to make the entire buying
After holding the position for ten years, parks commissioner Adrian Benepe will be stepping down after Labor Day. During Mr. Benepe’s tenure, the city has gained 730 of parkland (almost the area of Central Park) and another 2000 acres are in the works. The city has seen the revitali
The global homebuyer hotspot continues to be New York City. Apartments continue to be snapped up by foreign investors who continue to stand firm in their opinion that it’s the safest, most profitable place to park their dollars. Right now, the Asian buyers seem to be hitting the scene
This article from the New York Times can serve as a helpful guide to co-op owners as well as to prospective owners as it explains how to look at, and what to look for in, a co-op’s financial statement. When you buy a co-op, what you are purchasing are shares in the company that owns
New development condominiums have been the hot topic of the year. Most of the spotlight has been on Extell Development’s One57 project, which after hitting the market in November, has already sold more than 50% of their units and reached $1 billion in sales. The president of Extell, G
The Real Deal’s look at the top 10 factors sabotaging today’s deals and how brokers are combating them. Here are the factors as outlined by The Real Deal. You can find the rest of the article here. 1. Inaccurate appraisals “All of a sudden the stock market may go dow
With the real estate boom in China cooling due to governmental regulations on owning multiple properties coupled with European financial instability, buyers from the PRC are looking to the United States for second homes and investment properties. From the Chinese perspective, the Unit
All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, proper sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own qualified advisor, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. Each Engel & Völkers brokerage is independently owned and operated.