The consequences of New York real estate sentiment

The New York real estate market has improved for both the buyers and sellers in this year as per the survey carried on by the Siena College Poll. As per the survey, more than two thirds of the New York residents believe that the real estate NYC has improved. The respondents were asked about their feelings on both the current and future buying and selling markets in this city by using the statistical analysis to award scores as -100 to 100. Where the score 100 is awarded if everyone polled…

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The changing status of New York real estate brokers

The New York real estate scenario is becoming multilingual with more and more international buyers flocking into the market. Being able to interact with foreigners is becoming a prerequisite qualification of success for New York real estate brokers. The international investment in the New York real estate especially of luxury condos for sale in NYC is growing steadily over the last decade and it has totaled to about $ 1.96 billion during the half of this year as per the report of Real Capital Analytics. With the buyers becoming international,…

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New York real estate bounces back post Sandy

The New York real estate has recouped well post Sandy super storm that caused about $ 42 billion in damages across New York State with damages amounting to $ 19 billion in New York City alone. Majority of property were destroyed or were deemed inhabitable in all five boroughs after the storm touched down on October 29 last year. However, in spite of the storm, the long lasting impact of super storm Sandy on real estate NYC was minor. According to the New York real estate brokers , about 80%…

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