As we begin 2024, New York City real estate has been in a "buyers' market" for the past 18 months. Homes are selling at a slower pace and lower prices compared to the exuberance of the initial post-lockdown period a couple of years ago.
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Some sales mean even more to us than others. Yesterday was the closing of our listing at 2 5th Ave., apt. 14C. The seller lived there over fifty years and was moving into assisted living. Unfortunately, the apartment had been neglected for many years. We rallied our team and got to work.
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Also know as a “pocket listing,” a private listing is simply a listing that isn’t disseminated to the public. Here are the pros and cons.
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You and your partner are ready to move in together. It's time to have an open, honest discussion - about money. Here are the four specific topics to cover.
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Mortgage rates fell sharply after government reports that inflation cooled last month. Yesterday we saw jumbo 30-year fixed rates (loans over $647K, most loans in NYC) of 5.5%.
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Manhattan is in buyers' market territory. We're noticing more price adjustments, and colleagues say fewer people are coming to see their listings. What does that mean?
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We keep our ears to the ground to provide you with real-time information you’re not going to see in the media. Just as we expected, there’s been a big influx of listings on the market since Labor Day.
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While it's infinitely worth it, the process of buying a co-op apartment can be a pain in the a**. A major hurdle is the co-op's financial requirements. We recently helped some clients purchase a co-op for their child, who was new to the city and didn't have the resources to do it on their own . Here's the workaround we employed.
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Last week a colleague was involved in a five-way bidding war for a $2.5M Park Slope co-op. He was very surprised since this is one of the slowest times of the year. Here’s what he did, and our three takeaways.
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Real estate market reports provide valuable data and insight, but here are a few things to remember when you read them.
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Wire fraud has been a major and growing problem in the real estate industry. Sophisticated cyber-criminals are stealing untold millions every year. Here are a few ways to protect yourself:
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Our production of a robust fourth quarter in the Manhattan real estate market was right on target, with $7 Billion in sales.
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Higher prices, faster selling time, and less inventory for the Dec. 2021 Manhattan real estate market.
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2021 was a year of growth and service for Compass.
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A look back at the 2021 Manhattan real estate market, and some predictions for 2022.
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Pending sales are up and inventory is down this holiday season.
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Congressional Democrats are now looking at repealing the $10,000 state-and-local (SALT) tax deduction limit, which could change the calculus for homeownership in New York.
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A NYC co-op or condo buyer’s attorney will perform “due diligence” before the contract is signed. But what does that mean?
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The latest edition of Compass Curated, a collection of our most prestigious properties across the country in a fun, easy-to-read flip book format.
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Co-op and condo boards can now meet, vote, and make decisions virtually.
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