Monday, December 30, 2013

Buying Apartment In New York in 2014?

2013 has been a banner year for Manhattan condos.  Price per square foot is at a record $1,400, there has been a shortage of inventory and yes, prices are way above the prior peak.

Price records were shattered, for example, when hedge fund investor Bill Ackman and a group of investors paid more than $90 million for a unit at Extell's One 57.  This shows even the top hedge fund guys know about the incredible performance of Manhattan condos.

Key trends to look out for in 2014, according to The Real Deal magazine, include interest rate increases, the new mayor Bill de Blasio, Midtown East rezoning, the new wave of condominiums coming on the market and redevelopment of the South Street Seaport.

Monday, December 23, 2013

New York - America's Favorite Cities

Photo credit: incamerastock/Alamy

Travel and Leisure ranking of New York City in the 2013 America's Favorite Cities:

The Best...
Luxury stores (#1)
Theaters/performance art (#1)
Historical sites/monuments (#1)
Ethnic foods (#1)
Sandwiches/delis (#1)

The Worst...
Affordability (#35)
Easy-going (#35)
Cleanliness (#35)

Thursday, December 5, 2013

Interviewed by CNN: Top 10 U.S. Cities For Chinese Homebuyers

As the Chinese economy continues to boom, Chinese are looking abroad to spend money on real estate.

Where are they buying?