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A new Douglas Elliman Real Estate report shows the number of signed sales contracts doubled for apartment sales in Manhattan and Brooklyn in January when compared to January 2020.
What You Need To Know
Pent up demand, low mortgage rates and sellers willing to take less for their property led to a sharp increase in sales activity
Newly signed co-op contracts in Manhattan increased by 167% from January 2020 to January 2021
Newly signed co-op contracts in Brooklyn increased by 156% from January 2020 to January 2021
Jonathan Miller of Miller Samuel Real Estate Appraisers says prices will continue to "be soft" until the vaccine has been widely distributed
Who are these people??? Are they all trust fund kids and retirees, or do they not read up on what they're buying before they sign on the dotted line? As a parent of school aged kids, I'm beyond puzzled.
Who are these people??? Are they all trust fund kids and retirees, or do they not read up on what they're buying before they sign on the dotted line? As a parent of school aged kids, I'm beyond puzzled.
International money from my experience, often dirty money. Pieces of this country have been getting sold off to outsiders since at least the mid 80s if not longer. Real estate is no different.
A new Douglas Elliman Real Estate report shows the number of signed sales contracts doubled for apartment sales in Manhattan and Brooklyn in January when compared to January 2020.
What You Need To Know
Pent up demand, low mortgage rates and sellers willing to take less for their property led to a sharp increase in sales activity
Newly signed co-op contracts in Manhattan increased by 167% from January 2020 to January 2021
Newly signed co-op contracts in Brooklyn increased by 156% from January 2020 to January 2021
Jonathan Miller of Miller Samuel Real Estate Appraisers says prices will continue to "be soft" until the vaccine has been widely distributed
Despite doomsayers NYC isn't going to crumble up and die because they don't like its policies. As this country moves further left it'll be a safe haven, as it always has been, for people to escape to. And it will always be a world renowned city.
Despite doomsayers NYC isn't going to crumble up and die because they don't like its policies. As this country moves further left it'll be a safe haven, as it always has been, for people to escape to. And it will always be a world renowned city.
Either that or itll turn into California 2.0, if it hasnt already.
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