Elegran Edge
The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
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Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 04/19/21
By
Jared Antin
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April 19, 2021
Manhattan is officially a Sellers Market again, as the Market Pulse rose to 0.65. This week, 347 Manhattan contracts were signed, setting a record for the most weekly contracts since 2015. There have now been seven weeks in a row with more than 300 contracts signed in Manhattan.
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What does the projected increase in mortgage rates mean for you?
By
Sarah Cusack
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April 19, 2021
Obtaining a mortgage when buying a home is one of the most important steps in the overall buying process. Over the past few months mortgage rates reached a record breaking low of 2.8% on February 10th. These low rates have been projected to increase over the next few months, but what does this increase mean for you?
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4 Tips When Bidding on a NYC Apartment
By
Sarah Cusack
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April 13, 2021
Bidding on an apartment can be a competitive process due to there being many buyers in the market trying to snatch up a piece of New York real estate. When you put in a bid do you choose to play it safe and go high or risk losing the apartment and go low? Increasing the down payment, getting pre approval and writing a personalized letter are all great ways to grab the attention of the seller.
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Elegran Insights: Weekly Manhattan Market Data For The Week of 04/12/21
By
Jared Antin
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April 12, 2021
The first full week of April brought the sixth week in a row of more than 300 contracts signed. Additionally, new supply this week increased 55% from last week. Nevertheless, the Market Pulse has risen to 0.62 given the robust buyer activity.
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Elegran Manhattan Market Update: April 2021
By
Jared Antin
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April 09, 2021
March 2021 sets a record for the most contracts signed in a month in Manhattan since March 2007, and is the second highest month on record since 2004. Monthly new supply also hit a decade high.
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Tips For First Time Buyers in NYC
By
Sarah Cusack
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April 08, 2021
Finding an apartment in New York City can be a daunting task and it can be difficult to figure out where to start. You want to get the best apartment possible, but trying to find the perfect apartment for the right price can be overwhelming. Having a plan made that includes your ideal price, timeframe, and more can help you find your dream apartment faster.
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“How’s the market doing?”
By
Kevin Huang
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April 05, 2021
Too often, I am asked by clients and friends "how's the market doing?" To answer this question, my immediate reply is “it depends.” It depends on "which neighborhood, price point, property type, size, new development vs. resale, etc.?"Simply put, buyers and sellers who want to understand "the market
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What’s Driving Buyer Demand?
By
Kevin Huang
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April 05, 2021
The recent buying frenzy has been driven by a few catalysts that affect the buyer psyche. The catalysts are as follows:Positive media sentimentThe media drives buyer psychology whether we like it or not. Since the pandemic started a year ago, media outlets shed quite a negative light on NYC real est
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Elegran Insights: Weekly Manhattan Market Data For The Week of 04/05/21
By
Jared Antin
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April 05, 2021
Throughout March, more than 300 contracts were signed each week. In total, 1,492 contracts were signed, setting a record for the highest monthly contract volume since March 2007. While supply continues to decline, crossing below 7K, pending sales continue to climb. As a result, the Market Pulse rose
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Tips on Buying and Selling a Home At the Same Time
By
Sarah Cusack
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April 01, 2021
Buying and selling a home at the same time can often feel like a juggling act, there are double the deadlines, paperwork and bank transactions. Ease some of this stress by creating a plan with your real estate agent that outlines your budgets, financials and timeline. Having a plan can help ensure that you move out of your current home and into your dream home smoothly.
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