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Landlords’ POV on the Real Estate Boom

Posted by Melvin Monachan | Oct 13, 2022 | 0 Comments

The housing market around the country has been booming for the last year, seemingly effortlessly. In New York, vacancy rates are the lowest they have been in 14 years – just 1.77%. There are costly bidding wars, unhappy tenants, and rent increases that top out at 70%. But what do landlords really...

Hard Times for Home Flippers

Posted by Melvin Monachan | Sep 29, 2022 | 0 Comments

For professional home flippers, there has never been a worse time to be in the business. Flippers, who buy homes with a plan of quickly updating and reselling them, are finding that the high demand for houses and the lack of housing inventory are impacting them as much, even more, as traditional ...

New York’s Real Estate Market is Nuts Right Now

Posted by Melvin Monachan | Sep 29, 2022 | 0 Comments

Whether you're hoping to rent or own, the housing market all over the U.S. is crazy right now, and it's even crazier in New York City. Realtors throughout the city say they're listing properties for prices far above market value, and they're still getting multiple offers and finding buyers willin...

Rising Interest Rates Mean Falling Home Sales

Posted by Melvin Monachan | Sep 12, 2022 | 0 Comments

After two years of home sellers enjoying prospective buyers lined up and eager to buy at nearly any price, home sales are finally cooling off. The reason? Rising interest rates have made owning a home less affordable, pushing some buyers out of the marketplace altogether. And it's all happening ...

The Real Landlords of NYC

Posted by Melvin Monachan | Aug 23, 2022 | 0 Comments

And you thought your landlord was bad. Or maybe you are the landlord, and your unreasonable tenant makes you want to scream. In either case, it's unlikely that anything you're experiencing comes close to an average day in the life of the Koeppel family. The family, who own ten buildings in Manha...

Shifts in the NY Real Estate Ecosystem

Posted by Melvin Monachan | Aug 10, 2022 | 0 Comments

The ecosystem of New York real estate is driven by key factors, including demand and costs. Demand for residential housing is at an all-time high nearly everywhere in the nation, especially in New York City. Although the demand is through the roof, costs are tempering the enthusiasm for new devel...

The Status of Commercial Real Estate after COVID

Posted by Melvin Monachan | Aug 10, 2022 | 0 Comments

The real estate market makes news nearly every day. While residential real estate enjoys the biggest headlines, the commercial real estate sector has also undergone significant swings in the last few years. Now that we live in a largely post-COVID world, the commercial real estate sector is begin...

New York’s Real Estate Elite Look to Florida

Posted by Melvin Monachan | Jun 27, 2022 | 0 Comments

Over the last few years, the pandemic drove hundreds of thousands of people out of New York City. Some of these individuals were escaping NY rent prices, while others just wanted more space to spread out during the peak of social distancing mandates. Now, there's a new wave of people seeking prop...

NYC Apartment Lease Renewals are Down

Posted by Melvin Monachan | Jun 26, 2022 | 0 Comments

Residential lease renewals are down in New York City, according to an article published by Bloomberg. As Equity Residential CEO Mark Parrell notes in the piece, the company has seen renewal rates at its properties decline by 5% since the beginning of 2022. Although the pandemic has become largel...

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