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12/31/07 - 2008 Likely a Good Time in Invest in New York City Real Estate

Since the turn of the decade, New York City's real estate market has heavily favored the seller. As the national housing bubble grew, New York City was seen as a market wherein growth in demand not only outpaced most of the rest of the country, but was so strong that, even in the face of a declining national housing market, prices would continue to rise. These predictions turned out to be accurate: As housing markets across the country became burdened by the subprime crisis in 2007, New York City's housing prices continued to climb. Indeed, in the 3Q of 2007, the value of the housing market grew approximately 3.9%, a rate that outpaced every housing market in the country. more

12/12/07 - Famous Neighborhoods, Invulnerable Investments

Economics is largely a theoretical endeavor, with the grand law of supply and demand being at the center of incredibly complex mathematical models about how the world works. These models mainly function in the aggregate, with data coming from across whole markets and nations to be inputted into models that usually say little about the geography of that market or nation. more

12/10/07 - Financial Industry Bonuses Looking Strong, NYC Luxury Apartment Market Set to Grow

Over the past decade, the luxury apartment market in New York City has been one of the most bull markets in the country. Even as the subprime mortgage crisis enveloped the rest of the country, New York City real estate continued to climb in value. In the previous quarter, for instance, New York City saw the largest increase in property values in the country. During that time, growth in the value of luxury apartments tended to outpace the rest of the city's market. more

12/08/07 - Normalcy Returns to the Luxury Apartment Market

For years now, the Manhattan real estate market has been one of the most bullish in the country. Even as the subprime crisis started to decimate the national real estate industry earlier this year, the New York City market continued to increase in value at a rapid rate. During the last quarter, for instance, apartment values in New York City grew faster than any other area of the country. more

12/03/07 - New York City Real Estate Market to Change as Major New Deals Take Shape

The World Trade Center Memorial building is not the only new skyscraper currently in the works. Nor is Bank of America's plans to make its tower the tallest in New York City the only self-conscious building plan in the city. more

11/28/07 - The Largest Real Estate Deal Ever

When Tishman Speyer offered MetLife $5.4 billion last October for 80 acres of Stuyvesant Town in Manhattan, it was, by dollar amount, the largest real estate deal in history. Tishman Speyer has a history of such deals: The Stuyvesant Town deal broke its own record from 2000, when they bought Rockerfeller center for a grand total of $1.9 billion. more

11/25/07 - A New Standard in Luxury

There are a number of condominiums currently in development across New York City that will combine the very best of modern and classical luxury living. In the process, some claim, they are creating a new, higher definition of luxury. more

11/21/07 - The Future of the Subprime Crisis

The Chairman of the Federal Reserve testified before Congress on November the 8th, warning of a significant slowdown in economic growth during the next several months. The severe housing slump brought on by the subprime mortgage crisis, he said, has put significant pressure on both the real estate and financial markets. It has also deeply hurt consumer confidence and consumer spending – the latter makes up approximately two thirds of the economy. more

11/19/07 - The Future of the Housing Market

The subprime mortgage crisis has extended itself throughout the economy. According the Congress' Joint Economic Committee, some 3.7 million homes will probably foreclose as a result of the crisis. As of August, according to their figures, 1.7 million of those homes have already foreclosed, and another 2 million are expected during the next two years. Some of the largest names in the financial industry are now subject to multiple lawsuits and are writing off tens of billions of dollars as lost. more

11/17/07 - Condominiums Changing the Face of New York City Real Estate

In the past, the vast majority of those that owned their own apartment in New York City lived in co-ops. For a variety of economic, regulatory and historical reasons, these types of apartment buildings dominated the world of New York City residential construction during most of the 20th century. These days, however, more and more of the residential buildings being built are condominiums. more

11/14/07 - A New, Greener, Era for Buildings in New York City?

For years now, green buildings have been one of the most exciting and lively topics in real estate publications. Many believe it will be 2007, however, that is remembered as the real tipping point in the public's discussion of environmental issues. more 

11/10/07 - The Future of Interest Rates

Princeton economists like to joke about their ex-colleague Professor Ben Bernanke, now the Chairman of the Federal Reserve. He decided, they say, to take a step down and leave the department in order to run the world. more 



11/7/07 - To Rent or Buy?

Buying and renting offer the same pros and cons in New York City as in the rest of the country. There are a few different variables involved with good ol' NYC – and we will get into them a little bit later – but the most important thing is to understand the costs and benefits of each housing strategy in a clear, easily categorizable way.  That way, the right decision becomes an easy matter of weighing two sets of several different factors against each other, and then asking yourself which way is best for you. more

11/5/07 - Of Condos and Co-ops

Condominiums and co-ops are very different forms of housing ownership. Each offers its own set of benefits and drawbacks. What may be a buyer's perfect apartment in a building with a condominium ownership structure may not be worth purchasing if it were a co-op. Likewise, a co-op offers owners levers of control over the future of the building that many buyers insist on. more



11/3/07 - On Top of the World: New York City Townhouses

Given the small portion of the Manhattan housing market that consists of townhouses, it is surprising to see the incredible level of attention they receive in the media and the city's real estate circles. more

11/1/07 - Demand for Buyer Brokers on the Rise

Traditional real estate brokers work with the seller to determine a price, get the home on the market and convince a potential buyer that a particular home is the correct one for them. While this is a valuable and necessary service, it often leaves buyers in the awkward position of trusting the advice of a broker whose main objective is not buyer satisfaction, but the sale of the house. more

10/31/07 - National and New York City Residential Construction Outlooks a Study in Contrasts

These are troubling, bleak times for the national residential construction industry. Financial analysts expect the sub prime mortgage crisis to push approximately 2.4 million homes back on the market, crippling the demand for the construction of new homes. Lennar, the nation's largest home builder, saw its profits dive 73% in the last quarter. The secretary of the treasury warned recently that we have “yet to see the bottom” of the housing market. more

10/28/07 - New York City Real Estate Ideal for Foreign Buyers

With the U.S. Treasury Secretary warning recently that “we have yet to see the bottom” of the housing market, one might think that now is not a good time to purchase a home in New York City. Strange as it might seem, though, the consensus among economists is that housing prices in the city are going to keep climbing for at least the next several years. more