March 19, 2020

In light of the continuing COVID-19 crisis and its impact on the real estate industry, REBNY has issued an order to stop Days on Market (DOM) calculation across all consumer portals in NYC that participate in the RLS network. All our partners have been notified and are...

March 16, 2020

I have never seen a law that was so unequivocally disputed by every person in the Real Estate industry. But, just for fun, let us look at it from another angle. Could this new ruling on the law be good for Real Estate Brokers and bad for the public?

What will this rulin...

May 29, 2019

Today, S&P Dow Jones released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today is for March 2019, which shows home price increases are slowing across the country.  

Overview:  The 20-cit...

March 24, 2019

Of course all coops differ. These rules are the most common and in my opinion cover about 95% of the coops in Manhattan. 

Down Payments:

The most common down payment requirement for a co-op in NYC is 20%. Because each co-op is a private corporation, buildings can set the...

March 1, 2019

WHY THE MARKET IS SHIFTING

We are in the midst of a market shift and the opportunistic moment for buyers has arrived.

February brought almost the exact same number of signed contracts that we saw in 2018 while closings saw a drop of about 20%.

Why this signals a market sh...

February 1, 2019

And We're Off!!!!!!

The January market started with a bang. Our first month of the year showed low interest rates and lowered price points. Buyers were out in full force with market confidence and aggression that seemed to say what most were thinking, the bottom is fina...

December 18, 2018

The legalization of marijuana in several states has opened up a new income sector for many Americans. With promise of lucrative returns, people are moving into this sector. But be careful, banks are now rejecting buyers from taking out home loans when their income is b...

December 1, 2018

Our Expanding City and Property Values

New York City is the largest city in the United States. Over eight and a half million people live here, and even more visit daily for work or play. New York City property values are affected by more differentiators than almost anyw...

November 1, 2018

Look Who’s Buying

We’ve seen this before - A damp market hits and headlines are about record price drops, increasing inventory, and days on the market. The media, however, fails to report how investors focus on opportunities arising during down cycles. New York City rea...

October 1, 2018

Inside: a record amount of price drops in NYC

......

This week from the Bloomberg report:

In the week through September 9, there were 774 homes in Manhattan, Brooklyn and Queens that got a price cut, the most for any seven-day period in data going back to 2006, according...

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© 2018 by Jacob Warfield