Keller Williams NYC Quarterly Report for Qtr. II 2014
Keller Williams NYC Quarterly Report for Qtr. II 2014
The 2nd edition of Keller Williams NYC Quarterly Report has hit the stands. If you are looking for a comprehensive look at the state of real estate here in NYC, this is a must read!. Key points are:
* Inventory is still very tight.
* Upwards of 40% of deals are all-cash.
* Foreign money is still pouring in.
* Buyer demand continues to outpace supply.
* Smartly priced properties continue to generate feeding frenzy's.
* "Buyer Fatigue" from a lack of inventory and lost bidding wars is becoming a concern.
* Mortgage rates remain historically low while equities hit all time highs.
* Brooklyn is on fire and not offering Manhattan buyers a discounted alternative.
* Building permits are up 80% year over year in Manhattan.
* Land acquisition prices for new development have skyrocketed.
* Inventory is still very tight.
* Upwards of 40% of deals are all-cash.
* Foreign money is still pouring in.
* Buyer demand continues to outpace supply.
* Smartly priced properties continue to generate feeding frenzy's.
* "Buyer Fatigue" from a lack of inventory and lost bidding wars is becoming a concern.
* Mortgage rates remain historically low while equities hit all time highs.
* Brooklyn is on fire and not offering Manhattan buyers a discounted alternative.
* Building permits are up 80% year over year in Manhattan.
* Land acquisition prices for new development have skyrocketed.
Bottom Line: As long as mortgage rates remain low. equity markets remain robust, and international money continues to flow inbound, the real estate market will continue to thrive throughout the second half of 2014.
If you'd like a copy, some clarification on some of the details, or if you have a real estate need, give me a ring at 917-435-4870 or drop me an email at rreis@kwnyc.com
#NYCreal estate #nycapts #newyorkapts #newyorkrealestate #manhattnrealestate #brooklynrealestate
posted by Unknown @ 9:44 AM
0 Comments
