Category: New York City

Insurance premiums are rising in many states following multiple climate disasters. The crisis is altering both the residential and commercial real estate markets, as deals fall apart over the cost and availability of insurance. Because the impact varies from state to state, insurance issues are changing the competitive landscape. An insurance crisis that has sent premiums skyrocketing and caused carriers to flee coastal states like Florida and California is spreading, and it is fundamentally changing the real estate market in states across the country. “Not only is the cost higher than people…

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As the second quarter began, New York’s real estate market awakened from the doldrums in which it had languished for the first quarter of 2024. Deals in all price categories began to emerge. Inventory, which has seen a modest increase over the spring, remains spotty. Plenty of properties needing work remain on the market; the New Yorker’s desire to buy mint condition has not abated as they see both construction prices and supply chain issues impact the cost of renovation. A decade ago, a nice renovation could be executed for…

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“Manhattan’s second quarter wrapped up on a promising note, with slight increases in both supply and demand compared to last year. As we close out the first half of the year, attractive prices are drawing in buyers. Savvy sellers have adjusted their expectations by offering more value, and buyers are responding enthusiastically. While it’s too soon to declare a full recovery, these positive trends are encouraging and when rates eventually drop, I expect eager buyers will jump back into the market. For any prospective buyers out there, I wouldn’t wait…

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Manhattan home price declines are a result of rising inventory of apartments for sale, which are also taking longer to sell. The gap between buyer and seller expectations is narrowing, and more deals are closing. High rents in Manhattan are also helping sales as many potential buyers who were waiting out the sales market in rentals are finally deciding to buy. Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price…

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Manhattan home price declines are a result of rising inventory of apartments for sale, which are also taking longer to sell. The gap between buyer and seller expectations is narrowing, and more deals are closing. High rents in Manhattan are also helping sales as many potential buyers who were waiting out the sales market in rentals are finally deciding to buy. A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is…

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Manhattan home price declines are a result of rising inventory of apartments for sale, which are also taking longer to sell. The gap between buyer and seller expectations is narrowing, and more deals are closing. High rents in Manhattan are also helping sales as many potential buyers who were waiting out the sales market in rentals are finally deciding to buy. A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is…

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The residential high-rise tower in Jeddah is the latest of several developments that the former president’s company has planned for the Middle East. The Trump Organization has signed a new deal with a Saudi real estate company to build a residential high-rise tower in the city of Jeddah, extending the family’s close ties with the kingdom. Saudi Arabia has become one of the few reliable sources of growth for the Trump family’s business operations, as new real estate deals in the United States have slowed or stopped since the Jan.…

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It’s nothing like the heyday of 2019, but the first half of 2024 has brought real momentum back for the owners of Manhattan office space. Tenants signed 11.5M SF of office leases during the first half of 2024, 11% more than through this time in 2023, according to JLL data first provided to Bisnow.  “It’s a recovery in the sense that we’re ahead of where we were at the same time last year,” said Andrew Lim, JLL’s director of New York research. “We’re also tracking more active requirements in the market and have a better sense that…

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You may also like: The global real estate industry is expected to reach $729.4T by 2028. That makes it one of the largest industries in the world in terms of total financial value. From a business perspective, this means that the potential for real estate startups and companies is massive and will likely continue to increase as cities continue to expand. We’ve rounded up some of the best real estate startups to keep an eye on in 2024 and beyond. 1. Evernest 5-year search growth: 7,900% Search growth status: Regular…

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Loading… Loading… The worst may be over for commercial real estate (CRE) assets, yet a full recovery is still some distance away, according to a recent report from Goldman Sachs. The analysis, shared by analyst Caitlin Burrows on Friday, indicates that while the annual decline in CRE transaction volumes has likely bottomed out, significant challenges remain for a meaningful country-wide rebound, though some cities are exceptions. Goldman Sachs notes that leading indicators suggest the CRE market has seen the worst of its downturn. Drawing comparisons to the Global Financial Crisis…

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Historic Long Island home hits the market for first time in 61 years for $1.7M Breaking News

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Celebrity real estate agent Ryan Serhant revealed the wildest requests that he had received from his “rich and famous” clients including finding homes where they can live with their pet kangaroos and pythons. Isaac Newton famously said, “what goes up must come down.” According to celebrity real estate icon Ryan Serhant, Newton’s law of gravity applies just as well to the housing market. Serhant, who’s helming Netflix’s new NYC-based real estate show, “Owning Manhattan,” addressed current market woes in an interview with Fox News Digital — explaining the ebbs and…

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Incentives to Interest Rates: Understanding Today’s NYC Real Estate Market – La Voce di New York Per fornire le migliori esperienze, utilizziamo tecnologie come i cookie per memorizzare e/o accedere alle informazioni del dispositivo. Il consenso a queste tecnologie ci permetterà di elaborare dati come il comportamento di navigazione o ID unici su questo sito. Non acconsentire o ritirare il consenso può influire negativamente su alcune caratteristiche e funzioni. L’archiviazione tecnica o l’accesso sono strettamente necessari al fine legittimo di consentire l’uso di un servizio specifico esplicitamente richiesto dall’abbonato o…

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Incentives to Interest Rates: Understanding Today’s NYC Real Estate Market – La Voce di New York Per fornire le migliori esperienze, utilizziamo tecnologie come i cookie per memorizzare e/o accedere alle informazioni del dispositivo. Il consenso a queste tecnologie ci permetterà di elaborare dati come il comportamento di navigazione o ID unici su questo sito. Non acconsentire o ritirare il consenso può influire negativamente su alcune caratteristiche e funzioni. L’archiviazione tecnica o l’accesso sono strettamente necessari al fine legittimo di consentire l’uso di un servizio specifico esplicitamente richiesto dall’abbonato o…

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