Archive for the ‘Real Estate News’ Category

Will A Recession Affect NYC Real Estate?

August 28th, 2019 | Posted in Real Estate News

You’ve probably heard the word recession being thrown around across the media recently due to the 800.49 point tank in the Dow Jones. CNN, CNBC, Fox, The NYT, all big media outlets are buzzing. While several economic indicators suggest that one is likely coming due to uncertainties in the geopolitical scene and the continuing trade […]

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FED Slashes Interest Rates

August 22nd, 2019 | Posted in Real Estate News

The big headlines this month are all buzzing with news of interest rate cuts and how these will affect the economy. Rightly so, last week the Federal Reserve decided to lower short term interest rates after a long period of tightening, dropping its target rate to a range of 2-2.25%. The cuts were implemented as […]

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Q2 NYC Market Update

July 16th, 2019 | Posted in Real Estate News

Manhattan’s challenging real estate market welcomed reassuring news in Second Quarter 2019. Market-wide sales increased year-over-year for the first time in two years, up 5% annually to over 3,300 sales totaling $7 billion, about $1 billion more sold than last year. However, this information can be misleading as this increase in closed sales is due to two […]

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