Maximizing Your Home’s Potential For Sales
SIMPLE CHANGES CAN IMPACT HOW QUICKLY YOUR PROPERTY SELLS AND AT WHAT PRICE
Many cosmetic changes can be made with minimal time and expense. Buyers will be comparing your property to competing properties. So here are a few practical tips to help yours stand out above the rest.
Unclutter
Eliminating clutter will make your property feel larger and brighter. If your property is uncluttered and neutral, prospective buyers can explore it comfortably and envision it with their own personal touches.
Repair
Making certain repairs will present your property in a more positive light to prospective buyers, and can also add to Read more
Want a Strong Investment? Buy a Home in New York City
There are many reasons why it is a good idea to invest in New York City real estate, for instance, unlike in many other areas of the country where properties have devaluated as much as 40%, NYC has depreciated only approximately 25% (when compared to cities like Los Angels or San Francisco) according to an article from TheStreet.com. The real estate industry remains very active, the volume of the transactions have increased, there is a large foreign investor interest, and the supply remains low compared Read more
Mortgage Applications Up as Rates Slip
Mortgage application volume increased 9.1 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
On an unadjusted basis, the index rose 10.4 percent, but was down 52.3 percent compared with the same week a year ago.
Much of the decline compared to the previous year pertained to refinances. The unadjusted purchases index increased 9.8 percent compared to the previous week and was down 19.1 percent from a year ago.
Interest rates decreased last week:
30-year fixed-rate mortgages decreased to 5.00 percent from 5.13 percent.
15-year fixed-rate mortgages decreased to 4.33 percent from 4.45 percent.
1-year ARMs decreased to 6.72 percent from 6.83 percent.
Source: Mortgage Bankers Association
A 2010 Guide To Buying A Home in New York City
Caught in the maze of buying an apartment in New York.City?
The rules are different in New York City than in other parts of the country!
For the inexperienced some of the differences may be perplexing, however, we can guarantee that if you do your homework and keep this guide handy, the process will flow much more smoothly. Our job at Douglas Elliman is to help you determine which type of apartment is suitable for you, to assist in neighborhood selection, to educate you regarding real estate prices, and to pair Read more
New York City 4th Quarter 2009 Rental Report
Rental price indicators below prior year quarter, stable since third quarter
All rental price indicators, excluding concessions, were below levels seen in the same period a year ago, but showed signs of stability since the prior quarter. Rental price per square foot was $47.02, down 4.6% from the prior year quarter and down 1.7% from $47.84 in the prior quarter. Average rental price fell 4.3% to $3,789 in the fourth quarter from $3,958 in the prior year quarter, but saw a nominal 0.8% uptick from $3,759 in the prior quarter. The smaller price declines and mixed results from the prior quarter suggest near Read more
Met Unveils Fresh New “Carmen,” Starring Garana & Alagna
By Bruce-Michael Gelbert
For the second time this season, the Metropolitan Opera has replaced a large-scale Franco Zeffirelli production of a repertory standard with a lower-key restudied version. The Luc Bondi-Richard Peduzzi “Tosca,” which opened the season and weds gratuitous sensationalism to drab trappings, has been justly condemned as an unworthy successor to Zeffirellli’s monumental “Tosca.” The new “Carmen,” which succeeds Zeffirelli’s busy one, makes for a much more satisfying reconsideration, save for one grievous miscalculation at the climax, than the Read more
New York City 4th Quarter 2009 Sales Report
The number of sales increased over the prior year quarter as inventory fell
There were 2,473 sales in the current quarter, up 8.4% from the 2,282 sales in the prior year quarter and up 10.9% from the prior quarter. This level of activity was more than twice the 1,195 sales seen in the first quarter of 2009, which had been lowest level of sales in nearly 15 years. The return to more normal historical levels of sales activity was also reflected in the decline in inventory levels. There were 6,851 active listings at the end of the quarter, a 24.6% decline from 9,081 listings in the same period a year ago, but down 18.3% from 8,389 listings in the prior quarter. The seasonal average decline in the number of listings from the third quarter to fourth quarter over the last decade with the exception of 2008 was -3.4%. Therefore the 18.3% decline in listings was considered atypical. Excess inventory was worked off by the Read more
New Times for Manhattan Real Estate, New Promises for 2010
As we continue through the winter months, and look forward to better spring and summer days, the real estate climate appears to be very favorable for 2010. New York City real estate seems to show strong sings of recovery for the rest of year. Prudential Douglas Elliman’ 4th Qtr. report (prepared by Miller Samuel) shows strong signs of stabilization. The fourth quarter showed increases in sales activity, inventory declined, fewer price cuts, and prices seemed to be more stable.
Several factors contributed to this effect including the improvement of the overall economy, slow but Read more
JUST SOLD! THE LATEST INFO ABOUT RECENT SALES — IN YOUR BACK YARD AND BEYOND
Source: NY Post
Posted: 1:04 am
May 14, 2009
Manhattan
CHELSEA $1,575,000
16 W. 16th St.
Two-bedroom, three-bath penthouse co-op, 1,800 square feet, with dining area, windowed kitchen, renovated marble bath and terrace; building features doorman. Maintenance $2,445, 51 percent tax-deductible. Asking price $1,595,000, on market 18 weeks. Broker: Robert Rosa, Century 21 New York Metro Read more
Prudential Douglas Elliman Releases Manhattan Market Overview 1Q09 Report
Market conditions in Q1 09 confirm what we began to observe at the end of 2008: the credit crunch and national recession have created a new housing market defined by a lower level of prices and sales activity, a first step in improving affordability for many.
By the end of the first quarter, there was a noticeable up tick in contract activity and attendance at open houses, while partially attributable to seasonality, it was also a sign of first time qualified buyers seeking to take advantage Read more
The Wall Street Journal- The New York Times
- Matrix
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