Biggest Bears Turn Bullish on Real Estate
December 28, 2010 by admin
Filed under New York, Positive Real Estate, Positive Real Estate Brokerages
- Image by Getty Images via @daylife
Nouriel Roubini who is famously donned Dr. Doom for his dire predictions of the housing market has seemingly changed his outlook. Plunking down $5.5 million for a East Village Penthouse.
John Paulson is a multibillionaire hedge fund operator who made millions betting on a crash from sub prime mortgages. He just paid $3.85 million for his new luxury condo on Fifth Ave.
From http://kcmblog.com/2010/12/27/dr-doom-mr-bear-and-real-estate/
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Best Places for a Real Estate Deal In America
November 28, 2010 by admin
Filed under New York, Real Estate Articles
- Image by New York Public Library via Flickr
From the WSJ:
Real estate in Westchester , NY. Westchester, New York has become an even more attractive option to invest in real estate due to its historic appreciation in real estate. Purchasing a home in Westchester NY may be a terrific investment.
Westchester , NY is NY City close and is gorgeous countryside… rich in history, excellent schools and 20 – 25 minute train ride into Manhattan. Westchester County unemployment rate remained well below the national average at 7.3% in July, reflecting the health of New York City, where many local residents work.
<a href=”http://westchester-ny-real-estate.com/villages-of-bedford.htm “>Bedford homes</a> offer City closeness and the countryside.
People moving to New York to take high paying jobs and experience the cosmopolitan lifestyle of the few world financial capitals is the key for New York real estate now. The outlook is currently a little shaky. I will through out one new factor, which is that city’s with strong mass transit systems are the most cost effective places to live in a world where energy supply, not money supply will be the gating factor for growth.
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- Close to Home: Sales bounce back in Westchester, N.Y. (usatoday.com)
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The best time to buy real estate in NY.
- Image by joiseyshowaa via Flickr
Westchester, NY is a beautiful community, rich in history, excellent schools and 20 – 25 minute train ride into Manhattan. Westchester County unemployment rate remained well below the national average at 7.3% in July, reflecting the health of New York City, where many local residents work. As a vibrant suburb of New York City, Westchester County is a viable place to do business and will be for the foreseeable future .People moving to New York to take high paying jobs and experience the cosmopolitan lifestyle of the few world financial capitals is the key for New York real estate now. The outlook is currently a little shaky. I will through out one new factor, which is that city’s with strong mass transit systems are the most cost effective places to live in a world where energy supply, not money supply will be the gating factor for growth. One this count NYC scores big time and this
Amazing 5 Bedroom homes in Westchester, NY only for 599,000:
Totally renovated turn-of-the-century Victorian, this timeless treasure offers an oversize wrap-around porch, grand entry parlor, living room with fireplace, formal dining room with fireplace, and a gourmet eat-in kitchen and butler’s pantry. Five bedrooms in total, including a master bedroom suite with a sitting room and two fireplaces, and a unique turreted bedroom/artist’s studio. New electrical, roof, boiler, windows, appliances and beautifully restored hardwood floors … classic elegance!
http://realestate.nytimes.com/sales/photos/512-103033000/216-N-Columbus-Ave-Mount-Vernon-NY-10552-Mount-Vernon-NY-10552
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NYC up 18%
- Image via Wikipedia
New York City housing sales jumped by 18% in 3rd quarter of 2010, according to ResidentialNYC.com, a site run by the Real Estate Board of New York. The latest report supports other recent surveys confirming the surge. Of the five boroughs, Manhattan performed best, with a 25 percent increase in home sales. A surge in condo sales all over the city was cited as the main driver for the growth. Other factors include low interest rates and an improving mood toward the economy.
4th quarter sales tend to slow due to winter weather and the holidays, but a little market stability goes a long way. Perhaps the rest of the country will catch the bug.
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- Housing in city hot again as sales prices climb (nydailynews.com)
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Manhattan on the rise
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Home prices in Manhattan could very well be on the rise. Condominium and coop prices increased between 7.5% and 14% in the last quarter, compared to the same period a year ago.
