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Elegran Real Estate

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Elegran's Real Estate Blog

There is a correlation between Supply and Listing Discounts. The higher the supply, the larger the listing discount. Coming off a decade-high supply, COVID uncertainty and a spring shutdown, buyers have gotten relatively steep discounts from sellers. Where those discounts will go has a lot to do with how much supply will come to market this spring. Read More
The pandemic has caused an abundance of shifts in society, some of the most remarkable being in the real estate market. Neighborhoods that were once considered undesirable because of high rental prices or inconvenient locations are now seen as up and coming neighborhoods. Some more established neighborhoods are seeing a resurgence in popularity because of the new lower rental rates in the area. Neighborhoods such as Greenpoint, Flatbush or Dumbo are predicted to be in high demand this year, so pay attention to the available properties in this community because they won’t last long. Read More
The recent volatility in a small number of heavily-shorted stocks, and the unprecedented trading restrictions that have followed, are stark reminders about stomach-churning equity market volatility. What happened to Gamestop and others over the past few weeks is not only a late- cycle warning sign, but also a wake-up call to the Wall Street establishment and proof that social interconnectivity has extended into retail equity trading. Read More

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on Elegran.com. All data displayed on Elegran.com is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.