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The Real Deal - New York Real Estate News |
In the most expensive RE market in the world, guess who’s still buying? Posted: 12 Nov 2017 03:17 PM PST A new survey found that one in seven parents in Hong Kong would buy their children apartments in the city, the world’s most expensive real estate market. In fact, most first-time buyers in the city are using funds from their parents. In the survey, reported on by the South China Morning Post, 53 percent of Hong Kong parents said they would extend their mortgages to help their children and 60 percent said they are giving […] |
Posted: 12 Nov 2017 02:38 PM PST Based on the 2015 American Housing Survey, Abodo, a site for rental listings, ranked 25 metro areas according to where tenants are the most satisfied with their homes. Here are the top 10 cities where tenants are loving life: 10. Miami-Fort Lauderdale-West Palm Beach 9. Phoenix-Mesa-Scottsdale 8. Seattle-Tacoma-Bellevue 7. Dallas-Fort Worth-Arlington 6. Boston-Cambridge-Newton 5. Denver-Aurora-Lakewood 4. Atlanta-Sandy Springs-Roswell 3. Washington-Arlington-Alexandria 2. Kansas City 1. Raleigh [Abodo] — E.K. Hudson |
New Yorkers are some of the most dissatisfied tenants Posted: 12 Nov 2017 02:05 PM PST Based on the 2015 American Housing Survey, Abodo, a site for rental listings, ranked 25 metro areas according to where tenants are the most satisfied with their homes. New York came in among the bottom five in tenant satisfaction with a rank of 22. Why? Prices are an obvious factor, as expected, but two major gripes that New York scored the worst in were a lack of heat and broken toilets. Almost 20 percent of […] |
Historic luxury has got Australian buyers and New York developers excited Posted: 12 Nov 2017 12:57 PM PST Over the past five years, Australia’s high-end residential market has been falling more and more in love with adaptive reuse, the practice of restoring historical buildings and converting them into residential units. New York’s having a similar experience with its developers seeing the potential for unique features in the old buildings turned homes. Projects in both places are converting everything from churches to factories, from old mansions to old storefronts into residential spaces. In Sydney, […] |
Seattle’s ‘little sister’ is all grown up and living beside Jeff Bezos Posted: 12 Nov 2017 12:09 PM PST Ten miles outside Seattle, Bellevue is a small town that’s got it all going for it — especially with neighbors like Jeff Bezos and Bill Gates. “Bellevue is Seattle’s beautiful little sister,” said Windermere Real Estate’s Anna Riley to Mansion Global. Average single-family homes in the town go for about $1.32 million, while a waterfront property can go for up to $21 million. Condo prices are on average about $580,000, but can go as high […] |
How a $1.25M New York apartment buy will fare under House and Senate tax plans Posted: 12 Nov 2017 09:55 AM PST UPDATED: November 12, 2017 The day after President Trump and the House Republicans released their tax plan, Triplemint broker Collin Bond received the first call. A client who’d just signed a contract on a $4 million home had one question: what does this all mean for her? It was the first call of many for Bond, who joined Triplemint from Douglas Elliman six months ago, and prompted him to pull together an infographic illustrating how […] |
The true cause of the demise of big-box retail (and it’s not Amazon) Posted: 12 Nov 2017 08:08 AM PST Though all the trappings that historically indicate a boom in retail are accounted for — consumer confidence, low unemployment and a growing economy — stores continue to shutter. Explanations of behavioral economics dominate the discussion, however a Bloomberg investigation found a common cause underlying most of the relentlessly hemorrhaging sector (almost 7,000 stores closed so far this year): delinquent loan payments. In Pittsburgh alone, for example, almost 27 percent of retailers have delinquent loans. Most […] |
Double tap: Here’s a look at the best shots shared on Instagram this week Posted: 12 Nov 2017 06:00 AM PST A lot went down in the world of real estate this past week — and Instagram was there for us to document it all. Here’s a look at some of the best uploads from around New York, Miami and Los Angeles. 1. The sun sets and reflects on Midtown Manhattan in this twilight shot by architectural photographer Pavel Bendov. Midtown A post shared by Pavel Bendov (@archexplorer) on Nov 8, 2017 at 5:46am PST 2. Only […] |
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