A forum for buyers to keep up to date on the latest real estate news and analysis.

Total news: 10
Last news: February 24, 2010 16:20:19

New York City real estate buyers may have, after a good long run, lost their upper hand, according to a residential market report released by The Real Deal last week. Since the start of the national economic meltdown, residential real estate buyers in New York became stronger, as evidenced by every indicator available in the [...] - [Read more]

A new report prepared by Miller Samuel for Prudential Douglas Elliman paints a pretty picture for those that bought into Manhattan real estate at the start of the “noughts” but gives plenty to ponder for those picking the market’s bottom. According to their co-op and condo report, 2000-2009 has been a decade of most impressive [...] - [Read more]

The end of the 2009 showed some positive signs for the industry, according to fourth-quarter reports published today by several different brokerages: while prices continued slipping, the rate of decline slowed, activity rose sharply, and inventory diminished. Some industry analysts are expecting prices in Manhattan to rise in early 2010–but another dip later in the [...] - [Read more]

Freddie Mac announced on Friday that the average 30- and 15-year fixed-rate mortgages are now at their lowest since 1971, when the mortgage finance company started releasing their weekly surveys. The 30-year fixed-rate reached an average of 4.71 percent, compared to 5.53 percent this time last year. The 15-year fixed-rate, which set a record low [...] - [Read more]

It was an unprecedented year for most of us in New York real estate. All of a sudden, the mantra of “20-percent down or bust”–or even 10 percent down, for that matter–no longer applies, as mortgages can be had for as little as 3.5 percent down in certain neighborhoods. And when was the last time [...] - [Read more]

Real estate is seeing mixed signals from several reports that came out this week regarding the health of the market. A bumpy ride is certain, but how bumpy, and how long? On the one hand, the National Association of Realtors’ pending home sales index for contracts signed in November fell 16 percent from October. Alarmingly, the [...] - [Read more]

With demand coming back , but credit, while cheap , still incredibly hard to come by, New York’s real estate brokers are seeing more and more buyers offering cash outright—and getting sweeter deals as a result, and faster, than mortgage-backed offers. The Real Deal found that brokers are now doing 40 to 100 percent of [...] - [Read more]

While buyers don’t have the sway they held a year ago, prices are still down an average of close to 25 percent from their peaks, developers continue sweetening deals on new condos to complete construction, inventory is diminishing on paper but plenty of new projects are still not listed. As 2010 gets rolling, many in [...] - [Read more]

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A clear majority of foreign real estate investors see the United States as the best place to seek capital appreciation. At least according to a survey conducted in the fourth quarter of 2009 by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business, and released by the Association of Foreign Investors in [...] - [Read more]