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Showing posts from January, 2011

5 Facts on Getting a Kitchen Remodel Contractor or Designer

Median Manhattan residential rents remain flat, inventory drops over 25 percent

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The average Manhattan rent reached $3,499 during the fourth quarter of 2010, according to a new Prudential Douglas Elliman report, released today, down 7.7 percent from the same quarter a year earlier, when that figure was $3,789. The median price in the residential market, however, stayed relatively flat, climbing 1.1 percent during the same time period. 

Inventory, meanwhile, declined to 3,862 homes, down 26.1 percent from a year ago, according to the report, which is based on market-wide data. 

Overall, the rental market is showing modest improvement, according to Yuval Greenblatt, an executive vice president with Elliman. 

"Rent prices are not flying through the roof," Greenblatt said. "[But] the general impression for the market is that it's stable. Rents are generally flat." 

Downtown, the median rental price climbed 4.2 percent to $3,125 in the fourth quarter, compared to the same time period a year earlier. The neighborhood, which the report defines as the …

Home Sales, Leading Index Show Recovery Widening

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Sales of previously owned U.S. homes and the index of leading indicators exceeded forecasts, signs the expansion is gaining momentum at the start of 2011. Purchases of existing houses jumped 12 percent in December to a 5.28 million annual rate, the National Association of Realtors said today in Washington. The New York-based Conference Board’s gauge of the economic outlook for the next three to six months rose 1 percent. Claims for unemployment benefits fell by 37,000 last week, according to the Labor Department. A report showing Philadelphia-area manufacturing expanded for a fourth month indicates companies such as International Business Machines Corp. are also enjoying greater demand from countries like China. At the same time, Federal Reserve officials have said growth isn’t strong enough to push unemployment down as much as they would like, making it likely they will stick to plans to pump more money into the economy. “Manufacturing is on solid footing, the housing market is near…

Doing the Numbers: 4th Quarter 2010 and 2011 Outlook

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2010 has come to and end and so has a tumultuous year in real estate.  The market held steady the first half of the year due to the extension of the homebuyer tax credit.  A combination of extremely low interest rates and the tax extension deadline positively impacted single-family home sales and prices across the northeast. As many analysts predicted, the second half of 2010 saw a dip, bringing the real estate industry back to reality.  Although mortgage rates fell to historic lows-you could get a 15-year FRM at 3.5 percent and a 30-year FRM at close to 4 percent-low consumer confidence and a stubbornly sluggish job market decreased demand for housing.  In addition, the high amount of foreclosures continued to put a question mark on the outlook for housing.  According to a report by the Mortgage Bankers Association, “Headwinds from defaults and a rising rate of new foreclosure applications keep the housing outlook muddied.” However, amidst some of the adverse rhetoric on real estate,…

JAN 09 New York Real Estate For Sale - Hot Sheet 3

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This list represents newly available apartments that fit your criteria. To schedule an appointment please contact me at 917-386-7884 or send an email to nyctrealty@gmail.com.

Sincerely,
Fernando Branco Manhattan Custom Real Estate Services
Fernando Branco
Salesperson
917-386-7884
347-879-0730
nyctrealty@gmailcom

Upper East Side | Status: Active
Full Time Doorman | Condominium
Size: One Bedroom | 3.5/1/1.5 | SF: 1400
Price: $1,695,000 | CC: $1,694 | RET.: $1,116 Building Details: Pre-war, Mid-rise, Built 1928, 19 Floors, 36 Apartments.
Amenities: Laundry Room. Features: High Ceilings; Carpeting In Living Room; Gallery; Powder Room; Abundant Closets; Beamed Ceilings.
Halstead Property Exclusive Listing.
Turtle Bay | Status: Active
Full Time Doorman | Condominium
Size: Alcove Studio | 2.5/0/1 | SF: 450
Price: $425,000 | CC: $422 | RET.: $228