If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has Continue Reading
If you keep missing out on rental apartments because they are quickly disappearing, what should you do? Tips An obvious solution is to move fast when you see the apartment you want. Another tip is to tap into your personal and professional networks or identify the building you want to live in. Approach the management company directly, as well as give yourself as much lead time as Continue Reading
When you live in Midtown East, all of New York is within your reach. Much of that is due to the presence of the transportation hub Grand Central Terminal. Quiet residential blocks coexist with blocks thrumming with bars and restaurants. New attractions such as Summit One Vanderbilt complement architectural gems such as the Chrysler Building. Midtown East has Continue Reading
Midtown West’s culture, dining, real estate, and shopping season are a perfect time to explore during the holiday season. Additionally, a new green space is open to the public as of this fall. Take a visit to 550 Madison Avenue between 55th and 56th Street ready for you to explore. The international architecture, landscape, and interior design firm, Snøhetta designed Continue Reading
There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the Continue Reading
Manhattan Market Report for the week ending December 16th, Supply closed out at 6,524 and trending downward as we close out the year. Pending Sales at 2,483 and off-market listings (delisting) maintain the market pulse at a .38% level. Manhattan is holding on to price action due to the resilient rental market. low supply in the sales market, and sellers choosing to rent or remove the listing Continue Reading
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on Continue Reading
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices building Equity. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and Continue Reading
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well Continue Reading
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