Category Archives: Real Estate Predictions

TOWN Residential Keeps People Interested in Real Estate in NYC

New York has become the type of city that has managed to keep more and more people moving to the area. TOWN Residential plays a big part in doing this. More people are checking out the luxury spots and this has made it easier for TOWN to offer up housing that some celebrities and wealthy business men and woman desire. The core of the business for TOWN is in Manhattan. This is an upscale area in NYC that draws a lot of people that are interested in quaint restaurants and great job opportunities. Manhattan is the most populated borough in NYC, and that gives TOWN a lot of different homes and apartments to show potential clients.


There are a lot of people on the TOWN Residential team that have been able to help people find homes. Real estate agents like Gia Williams, Jean Kwon and Lisa Dub have been able to make a lot of people happy. There are certainly lots of properties to consider, and the uniqueness of these properties will fit a lot of different personalities.


TOWN can help anyone that is looking for an opportunity to move to NYC. The thing that has given TOWN Residential an edge is the number of developments that are listed. There are developments like Forsyth on the Upper East Side that people can find information on early. The Circa in Central Park has 38 condos for people to consider. These new developments have made it easy for people to start making plans for new properties that they may have some interest in. There is often a waiting list for some properties in New York. That is why it is good to have these types of real estate companies like TOWN. People that are moving to Manhattan can be plugged into all of the new developments that are on the way. That gives them a chance to decide if they want to wait on some of these new developments.


A large majority of people that move to NYC are finding out that this really is the city that never sleeps. There always seems to be some plans underway for new properties. TOWN has become one of the most successful real estate companies because it is linked a successful team of agents that sell luxury properties. It is the type of company that is able to connect potential home buyers to luxury homes.


New York Real Estate Predictions for 2016

Trying to predict the housing market is a very risky thing to do. While analyst can figure out some trends based off of current and past performance; this does not mean that things will play out as expected for the future. The following information was taken from an article in the New York Daily News about the coming trends in the real market in 2016.


Prices are Going to Fall in 2016


The decline in property prices will be an ongoing theme in 2016. This will be due to an increase in interest rates and fewer buyers in the market. Sellers are going to have to really put out some good incentives to get buyers to purchase their properties. Buyers are going to be more selective and take their time with making purchases.


Only the Best Land in NYC will be Selling Quickly


Since the overall prices in the housing market is going to be lower than in the past; buyers are going to purchase more high end properties. This makes sense because New York City apartments for sale  is the secondary and lower end properties will not hold their value the same as properties located in higher end areas of the city. Sellers who own property in secondary and low end markets should brace themselves for a long selling process because their properties will probably be stuck in this phase for a long time.


Baby Boomers are going to be Buying a Lot of Real Estate


Baby boomers are going to be buying a lot of real estate in 2016 because they are going to want to live next to their children and grandchildren. More importantly they will have the cash to put down for property because they are more settled. Many baby boomers will also look for secondary places within the city.


High Demand for Luxury Condos


NYC property owners will definitely like the following prediction because it will be good news for them. Luxury properties are going to be more in demand even though the overall market is going to be tight. Entry level condos ranging between $1 and $3 million dollars are going to be among the hottest selling properties in NYC. One reason for this trend will be the increase in luxury properties (especially condos) since more buildings are going to be sitting in the market waiting to be sold.


These predictions may come true in 2016 or they might not. People who are interested about finding out more about the coming real estate market trends in 2016 should check out the article 8 Predictions for the New York Real Estate Market in 2016.