by Anthony | Aug 13, 2021 | 2021 Topics, Housing, Inventory, Manhattan, New York CIty, Real Estate News, Rentals
According to a recently published article, finding a place to live is getting more difficult, and it’s not just happening amongst homebuyers — bidding wars are now occurring between renters. The inventory crisis which has affected home buyers for the last...
by Anthony | Jun 17, 2021 | Inventory, Inventory Shrinkage, Real Estate News, Rentals
Inventory shortages as well as price increases across the board nationwide are having their collateral impact upon rents for single-family homes. Across the nation, rents for single-family homes have jumped anywhere from 3.9% to 6.1%. The CoreLogic report that tracked...
by Anthony | May 13, 2021 | Holiday's, Inventory Shrinkage, Jersey Shore, NJ Summer Tourism, Rentals, South Jersey
The market for Jersey Shore summer rentals is going to be one for the record books. According to reports from VRBO, 90% of vacation homes listed on the Jersey Shore for July were booked by the end of March. July and August are typically the hottest months for Jersey...
by Anthony | Dec 17, 2020 | 2020 Trends, Existing Home Sales, Housing, Mortgages, Real Estate News, Rentals
Chief Economist Danielle Hale reviews: The impact of the most recent jobless claims The signal for the economic recovery Inflation data Monetary and fiscal decisions that lie ahead The highlights from the November Rent report The effect of historic low mortgage rates...
by Anthony | Nov 4, 2020 | commercial real estate, COVID19, New York CIty, Rentals
Another concern is that the real estate industry in general is expecting to face some hard times. New York City will depend on the revenues generated from its real estate values, which in prior years had generated approximately $30 billion in 2019. This number for a...
by Anthony | Aug 21, 2020 | 2020 Trends, COVID19, Housing, New York CIty, Real Estate News, Rentals
The pandemic has not only hit New York City businesses hard but it is significantly impacting the real estate market. According to Mansion Global, New York City home sales fell by 50% in July on a year-to-year basis. The pandemic seems to be having more than just a...
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