Key Take Aways When you head out to buy a home, several key milestones will be encountered along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. Your journey starts here. Let’s connect, so you have expert guidance each step of the way. Other educational Continue Reading
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This leaves some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But Continue Reading
Manhattan Market for the week ending September 30th supply of 7,398 remains in line with last year. Contacts Signed, 2,827 has broken the 3,000 thresholds we have not seen since January 2021. The fall season's lackluster enthusiasm is due to several factors: stock market jitters, rising rates, environmental and economic turbulence abroad and domestically, and holidays. We await Continue Reading
Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning homeownership. Should I still buy a home this year? While this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Homeownership Long-term Benefits: Equity and Continue Reading
. 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
The Fall magic is just beginning to unfold. Pumpkin, apple cider, and Autumn cocktails are popping up all over the City. As Thomas Dewey states: "If you're not in New York, you're camping out." While the summer may be over, there is time to traverse the coastal landscapes of Battery Park and the Financial District. The Battery aka 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
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