Wednesday, February 25, 2015
What's Trending Now: A Real Estate Guide for Real New Yorkers
Been sitting on the sidelines, waiting for your year? 2015 could be it! Whether buying, selling renting or investing this is a wonderfully comprehensive guide to what the New York Real Estate Market has in store for us all in 2015. Some trends to stay on top of: skyhigh prices are staying around, but may have plateaued for the time being, mortgage rates will continued to stay low, it will remain a seller's market, but with a more reasonable 4% year over year growth expected, while rents will remain as high as ever, rental buildings will continue to be bought and converted to even more lucrative condos, a widening price gap between co-ops and condos may persuade *some* co-ops to loosen restrictive purchasing rules, and landlords and management companies are expected to tighten up on airbnb, even in Condos. Full Article
Labels:
Buyers,
Investors,
Neighborhoods,
New Development,
Renters,
Sellers
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