Category: New York

Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today’s housing market dominated by high mortgage rates and soaring list prices. And it becomes even more daunting when the definition of “enough money” keeps increasing. That’s exactly what’s happening across the country, where the gap between the income needed to purchase a median-priced home and the actual median household income reveals a broadening chasm that could be eroding the American dream. Nationally, the scenario is grim: The combination of high list prices and elevated mortgage…

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High interest rates and tight housing supply are hurting both homebuyers and sellers. The extent of the residential real estate crisis varies widely from state to state, and in some top states, climate risks are also rising. Because companies consider the residential real estate market when deciding where to locate, CNBC factors it into the annual America’s Top States for Business study. America is embroiled in a housing crisis. The supply of homes is tight. The supply of affordable homes is even tighter, and persistently high mortgage rates make things…

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Bob Knakal celebrates 40 years in NYC commercial real estate, having brokered 2,339 property sales totaling over $22 billion. Commercial Lending News features an exclusive interview discussing his career achievements, innovative approaches, and future outlook. New York, NY, United States – July 16, 2024 — Commercial Lending News announces the release of an exclusive interview with Bob Knakal, celebrating his 40th anniversary as a leading investment sales broker in New York City’s commercial real estate market. Last week, Knakal completed the sale of his 2,339th property in New York, bringing…

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Exclusive | With no mansion tax, Beverly Hills sees new development Exclusive details

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NEW YORK, July 15, 2024 /PRNewswire/ — The global wellness real estate market size is estimated to grow by USD 1.26 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 32.14% during the forecast period. Rising demand for wellness real estate from luxury residential sector is driving market growth, with a trend towards increasing demand for regenerative living. However, high competition in wellness real estate market poses a challenge. Key market players include Berkeley Group, CBRE Group Inc., Delos Living LLC, DPZ CoDesign LLC, EFFEKT Arkitekter ApS, Gamuda Berhad, GOCO…

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After a strong start to the year, spending has slumped as a real estate downturn weighs on consumers. Communist Party leaders are meeting this week to discuss what to do about it. Economic growth slumped in China through the spring after a strong start this year, according to data released on Monday, as a real estate crash caused consumers to spend more cautiously. The latest growth statistics for the world’s second-largest economy, covering April through June, put further pressure on the Communist Party as its leaders gathered on Monday in…

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A bustling, big-time art scene not only enriches the local community, but it can do a heck of a lot to boost the luxury real estate market too, according to a new report.  Sotheby’s International Realty just published its 2024 Mid-Year Luxury Outlook, which found that the presence of cultural institutions, including museums, festivals, and murals, is strongly associated with the increase of property values in cities across the world. In New York, “luxury residences have built up around cultural concepts such as public spaces, the arts, and restaurants,” explained Stan Ponte,…

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If you purchase an independently reviewed product or service through a link on our website, SheKnows may receive an affiliate commission. King Charles III has decided to add to his already luxurious real estate portfolio by taking a plunge into the New York City market. He is now officially an owner of a $6.63 million, three-bedroom condo on what is dubbed Billionaires’ Row in Manhattan.  The 11th-floor unit also includes 3,601 square feet, 4.5 bathrooms, and majestic views of the city skyline. They tried to keep the deal as quiet…

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Since the pandemic, working from home has gained popularity. Despite the increasing number of employers requiring physical presence, countless people still work from home. On the French Riviera, this trend has led to a significant rise in real estate prices, driven by heightened buying activity from American millionaires. Wealthy Americans who can work from home are increasingly settling in houses on the French Riviera, driving up prices in the region, reports «Bloomberg.» Homes along the southeast coast of France valued at over 15 million euros have increased in value by…

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Thinking about making a career change and maybe dipping your toes into the world of real estate? It might just end up being your golden ticket. According to the real estate experts at AgentAdvice, New York has been crowned the fourth-best state to work in for real estate careers. This accolade comes as no surprise, considering New York’s thriving real estate market and lucrative opportunities for real estate professionals. The study, which examined various key metrics such as median house prices, homeownership rates, competition for real estate roles, average yearly…

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Drake emphasizes the importance of utilizing technology not just for marketing but for the entire transaction process, enhancing efficiency and client satisfaction. “Online listings, virtual tours, and digital contracts are now fundamental components of real estate transactions,” he explains, showcasing his commitment to providing state-of-the-art services.

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Click here to read the full article. Even the driveway has an exceptional view. The great room. The dining area. The living area. The updated kitchen. A bedroom with a private terrace. The view from one of the home’s many terraces. Even the bathrooms have terrace access. A lower level living area. The lower level can be transformed into an entertaining haven. The pool is located in a separate wing of the house. The indoor pool. One of the many terraces overlooking the Hudson River. A serene view of the…

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After years of lackluster growth in home prices, the Rochester metropolitan area since 2020 has been catching up, repeatedly ranking near the top of Realtor.com’s list of the nation’s “hottest real estate markets.” In New York, Monroe County has been a price-growth leader, data compiled by the New York State Association of Realtors shows. Among counties with at least 2,000 home sales in 2023, Monroe County’s 53 percent increase in median home price was second only to Orange County. On average, Monroe County sellers last year received a 15 percent…

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