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Possible Bargain-hunting Opportunity for Manhattan Ult...

  The decreased sale trends of Manhattan ultra-luxury apartment may indicate a high bargain-hunting opportunity.   Based on the price, Manhattan apartment market can be divided into two levels. Apartment priced at $4 million or less, favored by most local buyers for residential purpose. Apartment priced at $6 million or higher, attracting billionaires from all over the world for investment.   Last year, the …

Start-up mansion fix for Greenwich, Conn., ‘Amer...

Billionaire real estate investor Barry Sternlicht had declared Greenwich, Connecticut, with its glut of mega-mansions for sale, “may be the worst housing market in the United States.” “You can’t give away a house in Greenwich,” he said at CNBC/Institutional Investor’s Delivering Alpha conference last week. One broker has an idea for how to fix that. “Get some start-up to buy them and put 12 people …

blogs Oct 31, 2016 51 Continue Reading

The big jobs number is a win for luxury housing

  A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate brokerage. Redfin defines a home as luxury if it is among the top 5 …

blogs Oct 31, 2016 0 Continue Reading

Worried about housing? You’re not alone

Rising mortgage rates, overheating home prices, nothing for sale, pre-election jitters — the list of reasons to lose confidence in the housing market is growing. In fact, the share of consumers who think now is a good time to buy a home fell 5 percentage points in September in a monthly housing sentiment survey (known as HPSI) by Fannie Mae. The only drop that …

blogs Oct 31, 2016 0 Continue Reading

Manhattan real estate prices shatter records

The average apartment price in Manhattan hit a record $1.95 million in the fourth quarter, as high-end real estate continued to defy volatile stock markets and slowing growth overseas. Real estate sales grew 9 percent in the quarter compared to the same quarter last year, according to real estate firm Douglas Elliman. But prices are soaring even higher: The average sales price jumped 12 …

blogs Oct 28, 2016 9 Continue Reading

Stock market swoon stalls luxury home sales

Rampant volatility in the U.S. stock market is showing up in the high-end housing market. But as with all things real estate, the impact depends entirely on location. 2016 started with a severe stock swoon, and that had an outsized impact on home buyers with a higher net worth. Historically, high-end housing suffers most in a market downturn. “As you go up the income quintile, …

blogs Oct 28, 2016 1 Continue Reading

Tired of rising rent? consider becoming a landlord!

The stock market is looking wobbly. Bonds are paying you about what you’re losing to inflation. And the rest of the investment landscape is about as reliable as the latest presidential candidate poll. So if you’re wondering how to get ahead, let alone keep up with your rising monthly rent payment, take a look at where some investors are generating decent returns buying up …

blogs Oct 28, 2016 0 Continue Reading

Apartment market ‘increasingly jittery’ fo...

Rents are soaring and demand for apartments is historically high, but some developers and landlords are overestimating the strength of the U.S. apartment market — and paying for it in quarterly earnings.  Others are warning that the second half of this year will be even tougher. Construction of new multifamily units has been robust over the past five years, far outpacing that of single-family homes, …

blogs Oct 28, 2016 0 Continue Reading