There is a new foreign buyer in town looking to invest quickly in real estate. The French. With the recent election of Socialist François Hollande as president this month, the wealthy in France are looking for places to park their money. The reason for the rush is the vow of Mr. Holl
In the first quarter of this year , almost 30 percent of people who refinanced their mortgages cut the duration to either 15 or 20 years down from 30 years. That is the second highest level since 2002 with 35 percent, but still short of the all-time high of 42 percent in 1992. Across
Developers Harry Macklowe and CIM have already begun construction on 432 Park, the soaring tower which will drastically change the Manhattan skyline forever. A collection of striking images were recently released on what will be the tallest residential tower in the U.S., at 1,395 fe
Shigeru Ban, the famed Japanese architect of the Metal Shutter Houses, presented his plan for 361 Broadway on Tuesday and won unanimous approval from the Landmarks Preservation Committee. Ban’s design calls for a 23-foot-high addition to the rooftop of the quintessential cast ir
Consumers and real estate professionals alike will find www.NYRealEstateTrends.com a useful and interesting tool to use. This site tracks changes in value for all NYC neighborhoods, using public records, and is the only source providing such information at no charge. In addition to pr
Buying an apartment in Manhattan hasn’t looked this good since 2006! Bloomberg News reported that in the first quarter of 2012, the average cost of purchasing an apartment was 20.8 times more expensive than the annual cost of renting, which is the smallest spread since the end of 2006
The New York City real estate market is heating up and bidding wars are becoming more usual. For those buyers who require a mortgage to purchase a home, it is best to be prepared in advance. To have the upper hand when multiple offers are on the table, it is better to obtain pre-appro
Real estate investments may sound like a risky venture to many Americans. But a growing number of foreign investors disagree. International buyers accounted for $82.5 billion, or 8.9%, of the $928 billion spent on residential real estate in the 12-month period that ended in March, acc
After a real estate new developments drought back in 2008, a new wave of real estate projects is moving forward in major cities across the U.S. Instead of developers relying on debt markets, they are financing their projects with equity, mostly from outside investors. The risk of a bu
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