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2022 Annual Market Update - December 23, 2022

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2022 Annual Review December 23, 2022 Happy   Holidays!!! Join us as we take look back at the major forces that shaped the market this year with all the talking points you need to know about the Manhattan & Brooklyn Real Estate markets.   Get ahead of the curve and deliver the right message to your clients with our 2022 Annual Review. This week's highlights from  UrbanDigs: Supply trends becoming a driving force of market leverage Pending sales down sharply in both boroughs Resale Condo Price action packing a surprise number for Q4? Watch to see.... A look at the latest Q4 Negotiability trends for both boroughs Manhattan & Brooklyn sentiment pulse check WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE REAL ESTATE BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE)

THE LUXURY MARKET REPORT NOVEMBER 21 - 27 2022

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 THE LUXURY MARKET REPORT NOVEMBER 21 - 27 2022 -- Report on Contracts Signed - Manhattan Residential Properties $4 Million and Above --- 15 CONTRACTS SIGNED --- During the Thanksgiving week, fifteen contracts were signed last week at $4 million and above, 2 fewer than the previous week The volume more than doubled to $219,070,990.  Condos outsold Co-ops, 13-0, and 2 Townhouses were in the mix.  OLSHAN Realty's Stat Geed Alert: For perspective, the 10-year Thanksgiving week average is 16 signed contracts.   Full report: https://olshan.com/marketreport.php WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando Branco , GRI, ABR, CNE REAL ESTATE BROKER Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!! NYS Ho

Mortgage Interest DROP Nicely!

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 Mortgage Interest DROP Nicely!  WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando Branco , GRI, ABR, CNE REAL ESTATE BROKER Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!! NYS Housing, Anti-Discrimination & Agency Notice & Disclosures

THE LUXURY MARKET REPORT NOVEMBER 7 - 13 2022

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 THE LUXURY MARKET REPORT NOVEMBER 7 - 13 2022 -- Report on Contracts Signed - Manhattan Residential Properties $4 Million and Above --- 24 CONTRACTS SIGNED --- Twenty-four contracts were signed last week at $4 million and above, 10 more than the previous week The volume more than doubled to $219,070,990.  Condos outsold Co-ops, 14-6, and 4 Townhouses were in the mix.  OLSHAN Realty's Stat Geed Alert: Fueling the robust rebound were 7 properties that cracked $10 million, the largest number of trophy properties to sell since the week of May 9.  Full Report: https://olshan.com/marketreport.php  WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando Branco , GRI, ABR, CNE REAL ESTATE BROKER Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Le

Remember to Fall Back This Sunday!! Plus Market Updates

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Tomorrow, November 6th, at 2 am, daylight saving time ends and we will turn our clocks back one hour.  Please take this opportunity to also start getting ready for the season ahead... - Remember to check batteries of smoke and carbon monoxide detectors.  - Click the links here for:  1)  The Manhattan Weekly Real Estate Market Report 2)  The Brooklyn Weekly Real Estate Market Report.   Do you have any questions about the current Real Estate market? Does a family member, a friend, and/or someone you know need Real Estate guidance? I'd love to help and your referral would be greatly appreciated! Thank you!  Warmest regards,  Fernando Fernando Branco , GRI, ABR, CNE REAL ESTATE BROKER Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!! NYS Housing, Anti-Discr

From 1 room to 2: The insider's guide to temporary pressurized walls

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I f you are a new renter in New York City, maybe as a recent college grad or young professional, your strategy might be to divide and conquer an apartment—and squeeze in a roommate or three—in order to turn a place you can't afford into one that you can. One of the ways to do this is to put up a temporary pressurized wall, which can transform a one-bedroom apartment into two (or a two-bedroom into three, and so on). Using a temporary pressurized wall—one that is not permanently attached to the walls or floor and doesn't interfere with the ventilation or sprinkler systems, or block exit routes—is a popular strategy to add a bedroom for apartment shares or families. You can also use a pressurized wall to create a home office if you work from home. Here's what you need to know about using a temporary pressurized wall safely, and a round-up of the companies that sell and install them This temporary pressurized wall system with French doors by Manhattan Pressurized Walls runs ab

How much does co-op and condo insurance cost in New York City?

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I f you’re buying a co-op or a condo in New York City, you also need to plan on buying co-op or condo insurance—so it’s a good idea to budget for that cost. (Your building will have a master insurance policy, but that only covers the concrete shell of your apartment and common spaces.) While of course, it’s prudent to get co-op or condo insurance, it’s also often a requirement of your building or your mortgage lender. In fact mortgage lenders tend to be more strict than buildings; they often require condo owners, for instance, to insure the interior structure—walls, floors, built-in renovations—for at least 20 percent of the loan. The cost of co-op vs. condo insurance in NYC There’s not much difference in the cost or the specifics of co-op or condo insurance in New York City.  “The prices are the same and the contracts are virtually identical, too,” says Jeffrey Schneider, president of  Gotham Brokerage.  "The right degree of coverage is what matters." The pandemic has brough