Tips, Trends and Tales from a Pro
Viewing entries tagged
developer
The single most significant factor that has affected NYC’s residential marketplace, even more than interest rates which have hovered at historic lows for the better part of eight years, is the explosion of condominium choices including ground up construction and prewar rental conversions. New developments have reshaped the face of New York’s housing supply.
Today, there are more than 28,000 residential real estate agents and brokers doing business in Manhattan. Because of the record breaking run-up in sales prices over the last several years, the field has attracted an increasing number of newcomers. Many will not stay the distance.
If you’re a buyer, a seller, or a developer, how do you choose from among the vast numbers of professionals? What makes a good broker? And why hire a broker at all when the Internet provides access to a global marketplace for available inventory?
