Setting up a citywide real estate recovery in 2021   The Real Estate Board of New York is reporting this week that New York City’s total residential sales volume and total residential transactions increased significantly in the final quarter of 2020, according to its Q4 2020 Quarterly Residential Sales Report. This end-of-year surge was driven by particularly strong activity in the four boroughs outside Manhattan.   Citywide total residential sales volume increased to $9 billion in Q4 2020 from $6.5 billion in Q3 2020, representing a nearly 40% quarterly increase in sales volume. This turnaround came after three consecutive quarters of declining sales volume.  Read More →

 Applications for home loans fell again as mortgage rates and average loan size continued to grow. An index tracking applications to purchase homes dropped 6 percent, seasonally adjusted, last week compared to the week prior, according to the Mortgage Bankers Association. The MBA metric, known as the purchase index, had sunk 5 percent the previous week. Joel Kan, MBA’s head of industry forecasting, attributed the decline to rising mortgage rates. The rate for a 30-year, fixed-rate mortgage was 2.98 percent, a 2 basis point increase from the week before. Jumbo rates were unchanged at 3.11 percent. “Expectations of faster economic growth and inflation continue toRead More →

 Valentine’s Day is this Sunday. However, many New Yorkers will still opt to stay home, eat outdoors, curl up on the couch with a cocktail, or just hang out under the covers. It also marks the day indoor dining returns to New York City, here are a few options of what you can do.   Learn Something New Together masterclass.com Create a memory by trying something new together. Branch out with a fun class together with celeb-taught lessons on Masterclass. Try a new hobby like chess playing courtesy of six-time world champion Gary Kasparov, mix up some romantic cocktails with James Beard honoree Lynnette Marrero,Read More →

Home prices continue to soar across the country, reaching 9.2 percent growth, an increase unseen in December since 2014. Across the United States, the pandemic has not proven to be a deterrent to the kind of record-high home value growth we’ve been seeing for several years now. According to the latest data from property analytics provider CoreLogic, annual inventory dropped 24 percent below 2019 levels while home values rose 1 percent between November and December 2020. On average, home prices grew by 5.7 percent each month in 2020 (compared to 3.8 percent growth in 2019), even if a slight dip came among fears and uncertaintyRead More →

  An accurate market analysis of your home is not a thing to be taken lightly; there is no property owner that wants to get this wrong. Click here for a Free Home Evaluation If you prefer you can also text me:  917-841-1008  Read More →