. Season Change, Mood Change: One Size Does Not Fit All in New York City Real Estate Market The NYC real estate market is witnessing climbing interest rates, falling stock prices, and contested elections with upcoming new elections. Recession talk abounds as the summer of 2022 moves into fall. While the job market remains strong, New York City's prevailing mood is disquiet. The real Continue Reading
Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information to help you make an informed decision when setting up your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of Continue Reading
September 15, 2022 / Written by Corporate Suites Staff Ideally, you do not want to spend more than 30% of your monthly income on rent. So if you make $9,000 a month, you can afford around $3,000 a month for rent, and you can do so comfortably. Many landlords go by something called the 40x rent rule. If they’re charging you $2,000 a month for rent, they’ll look at your income Continue Reading
Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your Continue Reading
New York City Guidelines Board NYC Rent Guideline Board sets a cap on how much a landlord may increase your rent annually. In June of 2022, the board set a 3.25% increase for one-year lease agreements and a 5% increase for a two-year lease agreement. This rental increase applies to all leases signed between October 2022 to September 2023. This means that if your current rent were Continue Reading
Today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons why working with a real Continue Reading
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, giving buyers much-needed Continue Reading
Manhattan Market week ending September 23rd inventory as expected ticked up 7,243 and remains on trend from last year. Pending Sales 3,017; demand is down 6%. Pending Sales matching historical norms. There is a reset in the market. Fundamentally, the market is removing recovery level activity from the pending sale with post-shift level activities. Most likely, Pending Continue Reading
If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even Continue Reading
124 Hudson Street
New York NY, 10013
