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From the category archives:

Buyers

Your purchasing power, revisited

by Empire May 29, 2012

For those among you wondering what your potential purchasing power is for the rent you are paying, we have just the number crunching for you.  We don’t blame you if you’re starting to balk at today’s rental prices, as so many of the buyers with whom we’re working are doing.  Below, therefore, you will find [...]

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Up in ARMS: why many are foregoing the 30-year fixed mortgage

by McIntosh May 24, 2012

With interest rates remaining near historical lows, it’s no wonder that many buyers are looking to lock in a 30-year fixed rate mortgage for their property.  What’s there not to love, right?  The guarantee of cheap money for the next three decades:  hooray!  However, if you think your likely ownership of the property will last [...]

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Where cash is still king

by McIntosh May 9, 2012

With the credit landscape continuing to thaw and buyer demand up sharply, sellers are no longer salivating over all-cash buyers.  Further, the discount they are giving to cash purchases versus their mortgage-contingent brethren has all but disappeared.  For the cash-rich among you, take heart:  places still exist where your cash gives you bargaining leverage: New [...]

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Who should list now: what NYC supply and demand are telling us today

by Honeycrisp April 5, 2012

“Should I sell now or hold on to it some more?”we always hear from sellers. With the prime selling season soon upon us, we thought it worthwhile to outline exactly which sellers should list and which could hold off for a bit longer. This is because we are seeing some wacky statistics in terms of [...]

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Predictions already playing out so soon? Williamsburg market as prime example

by Red Delicious February 16, 2012

If you recall, less than a month ago, we published our 2012 predictions for NYC Real Estate. We knew we were on to something but didn’t realize just how quickly some of these predictions would be playing out. Just today we read in the Wall Street Journal about the plight of would-be buyers stranded by [...]

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A bottom in housing prices 2 months away?

by Honeycrisp February 7, 2012

There isn’t a week that goes by in which SOMEone doesn’t ask us: “so when do you think the housing market will bottom?”  All we’ve been able to say to date is that, so long as in you are in the curvy part of the U, you’re fine … the macro outlook is what you [...]

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2012 in NYC real estate: The year of “eh” with pockets of “wow”

by Honeycrisp January 24, 2012

Interest rates will hit their historical lows in mid-2012:  Yes, the interest rates have been lower for longer than anyone had expected.  When is the bottom going to come?  We’re calling it for mid-2012.  We anticipate that the first half of the year will be dominated by worries of Europe’s and the Euro’s fate, increased [...]

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Some day my prince (apartment) will come …

by McIntosh January 10, 2012

As we work with buyers, a difficult concept to convey is just how time-sensitive inventory is at any point in time.  Allow us to explain.  Picture a buyer who is looking for a character-filled apartment.  Let’s say they have a thing for modern yet wood-burning fireplaces.  If the search is happening when inventory is tight, [...]

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Our 3rd Annual New York Real Estate Jingle: the 2011 edition

by Honeycrisp December 22, 2011

T’was the night before new years’, and for the third year in a row New Yorkers relaxed with a glass of Bordeaux. ‘not that real estate blossomed or soared to new highs Nor that our dear economy was back on the rise. No, this complex and sweet oenological treat Comes from having merely avoided defeat. [...]

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We’re calling it: the return of bidding wars!

by Empire December 21, 2011

What’s that? Is it a bird? Is it a plane? No, it’s the return of the bidding wars.  That’s right – we’re bold apples – we’re courageous – we’re putting a stake in the ground and calling the beginning of bidding war season.  We’re already seeing this trend rear its head in a few deals [...]

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