From the category archives:

Market Trends

Extending your search

by Red Delicious September 7, 2010

Should you have the time flexibility, try to extend your move-in date as far into the Fall months as possible to increase your bargaining leverage.  Landlords are still using Summer momentum to avoid giving concessions in September (remember that approximately 75% of leases turn over between April and September).  Just a few weeks can make [...]

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A summer rental market retrospective

by Honeycrisp August 26, 2010

We are now at the tail end of the seasonally busy summer months which, as expected, were the busiest months of ‘10 to date.  What can we say looking back?  A good bit of volume came from locals looking for needing to change their living situations, but even more volume from renters moving in from [...]

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Is sending out multiple contracts ethical?

by Honeycrisp August 23, 2010

You have been looking for an apartment for months now, seeking out that right combination of value and emotional pull. You finally found it and work your way through the negotiations process, and celebrate upon arriving at an accepted offer.  Time to break out the bubbly, yes?  So you go along with the process, take [...]

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How deep are NYC’s all-cash pockets?

by Red Delicious August 13, 2010

Market reports, anecdotal data and the media have all pointed to the high-end market having picked up. The increased activity we’ve been seeing has been greatly fueled by a preponderance of all-cash buyers. They have been coming out of the woodwork both out of necessity and negotiability.

On the necessity front, today’s tight financing [...]

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Why low interest rates have lost their impact on buyers

by Honeycrisp July 25, 2010

With all the talk of continued low interest rates, we’re asking the question: have low interest rates lost their impact on the housing market? Certainly in the first half of this year, even beginning in Q4 of last year, the name of the game was the low cost of financing.  At that time, everyone was [...]

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Why some landlords are listing apartments available months away

by Honeycrisp July 23, 2010

During a time of the year when inventory is quickly flying off the shelves, you would think that the only properties on the market today are those with immediate or close to immediate move-in dates … and you would be wrong.  We are finding that, particularly in the co-op and condo segments, properties are popping [...]

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Rental market overview: June/July

by Honeycrisp July 19, 2010

For those of you who can’t get enough of data and statistics, here are three rental market reports for Q2, each with their own unique flavor: Elliman, TREGNY, and Citi-Habitats.  The takeaways that we have based on aggregating this data are:

Prices are up: not a shocker.  It’s the Summer, people!  This is when 75%+ [...]

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Yet Another Round-up of Q2 Sales Data

by Red Delicious July 16, 2010

The second quarter of 2010 showed precisely what everyone thought it would:  that activity was still robust coming off an exciting Q1, not too difficult an improvement to show on a year-on-year basis.   Listings were on the market for a shorter period of time and sales volume is now in line with NYC’s 10-year average.  [...]

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Do you feel like you’ve missed the market? Why every day, week and month of your listing counts

by Mitchel Askinas July 13, 2010

Today’s real estate market is moving faster than ever, it seems, with a new narrative at our fingertips every couple of months, versus every other quarter in previous years.   I am seeing many sellers out there whose properties are languishing on the market.  These sellers fall into two categories, those who listed at right time [...]

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Relocation nation: sub-market segment seeing plenty of volume

by Red Delicious July 8, 2010

The relocation sub-market in Manhattan seems to be alive and well, according to numerous relocation specialists with whom we’ve spoken.  They note not having been this busy in over five years.  Much of the activity appears to be coming from larger corporations looking to relocate their overseas professionals to the Big Apple, mostly via lateral [...]

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