Category Archives: Market Insight

Putting a Price on Central Park Views

Posted on June 30, 2012 by Doug Heddings

Many New Yorkers these days would love to settle near Central Park. However, there are reports saying that the prices of apartments sold around this famous New York part is getting more expensive. The prices have doubled in a period of only … Continue reading →

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Nantucket Home For Sale is Most Expensive in New England

Posted on June 14, 2012 by TrueGotham Blog

A 69 acre estate on the island of Nantucket has recently become available in New England’s housing market and has been attracting a lot of attention. With the asking price for this hideaway at $59 million it qualifies as one … Continue reading →

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Mortgage Rates Drop to New Record Once Again

Posted on June 13, 2012 by David Innocenzi

According to Freddie Mac reports, mortgage rates have dropped to historic lows for three weeks in a row, raising the Housing Affordability Index to record highs for May 2012. The index measures how easily an average household with median income … Continue reading →

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Cities Where Rents Are Skyrocketing

Posted on June 12, 2012 by TrueGotham Blog

With rental rates increasing across the country, new numbers were published real estate data sources, that indicate mixed reasons for the increases. According to the housing data for the top one hundred markets, sales prices have barely increased, while rental … Continue reading →

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At Over $90 Million, Sale of Midtown Penthouse Sets a New York Record

Posted on June 12, 2012 by Doug Heddings

Topping the previous record $88 million purchase of the 15 Central Park West penthouse, an unnamed buyer arranged to purchase the duplex penthouse at One57, a Midtown tower. According to developer Gary Barnett, president of Extell Development Company, the 10,923-square-foot … Continue reading →

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America’s Most Expensive Places to Live

Posted on August 2, 2012 by TrueGotham Blog

America’s Most Expensive Places to Live Although housing costs predict the cost of living in Americans towns and cities, New York City’s boroughs continue to sit at the top of the list as the most expensive places to live, despite … Continue reading →

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High Demand for Residential Real Estate in Manhattan

Posted on August 1, 2012 by TrueGotham Blog

New York City may be stunningly diverse, fast-paced and busy, but there’s at least one thing about it that is surprisingly stable: Manhattan has an incredibly strong and steady real estate market, unlike anywhere else in the country. Though the … Continue reading →

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Manhattan’s $60 Million Apartment Will Be the Priciest Co-op Sale Ever

Posted on July 31, 2012 by TrueGotham Blog

While some incredibly pricey homes have been facing bankruptcy auction and foreclosure, Manhattan’s multi-million dollar apartments have been attracting billionaire buyers. So is the case at the Upper East Side cooperative tower, 740 Park Avenue, where a combination of two duplex … Continue reading →

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NYC Buyers Seeking More Luxury Home Choices

Posted on June 9, 2012 by Doug Heddings

When the New York City real estate market undergoes the kind of wide changes we’ve seen recently, you would expect changes in how prospective buyers approach their choices. No surprise there. With lending tight and larger deposits often being sought by lenders, … Continue reading →

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Commercial Real Estate Follows Economy Into Recovery

Posted on June 8, 2012 by Doug Heddings

Explaining that the commercial real estate sector closely follows the national economy, National Association of Realtor Chief Economist, Lawrence Yun, expressed a positive outlook for the commercial market. Speaking at the Commercial Business Trends Forum during its Midyear Legislative Meetings … Continue reading →

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