Real Estate News from May 2020
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The Best Advice Does Not Mean Perfect Advice
By
Jared Antin
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May 29, 2020
The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol for grocery shopping.
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Using Data to Navigate the Changing Rental Market
By
Jared Antin
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May 29, 2020
Elegran hosted its latest in a series of webinars created to help clients through a historically challenging time and, specifically, the topic of how to navigate a very atypical rental market in New York City. Our panel of industry experts, all with deep involvement, experience and data to draw from, offered their perspective on a number of timely topics surrounding the rental market and here are a few takeaways from the discussion.
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Don’t Let Frightening Headlines Scare You
By
Dylon Harbottle
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May 27, 2020
There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.
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Home Prices Likely More Resilient During COVID-19 Than The Housing Crisis
By
Dylon Harbottle
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May 21, 2020
The housing market is likely to be more resilient to the pandemic's effects than many other sectors of the economy. The news has been grim. Last month, 20.5 million American jobs were lost; more than double that of the Great Recession. In the first week of April, about a third of apartment occupants didn't pay their rent, according to the National Multifamily Housing Council.
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Alexis Carpinello Featured In Brick Underground
By
Elouise Craddock
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May 14, 2020
Alexis Carpinello in the news. Find out which articles she's been featured in, including Brick Underground's piece on virtual co-op board interviews.
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Townhouses and New Construction: Time to Buy?
By
Jules Garcia & Andrew Warren
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May 11, 2020
New York City’s luxury real estate market has been confronted with a number of external threats and crises over the last few years that have had a negative impact on prices. External because they weren’t caused by unstable real estate market fundamentals, rather were a result of policies enacted in Washington and Albany (i.e. the elimination of the SALT deduction and a higher mansion tax).
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Why Home Office Space Is More Desirable Than Ever
By
Dylon Harbottle
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May 08, 2020
For years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise you: home offices.
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Elegran Market Update: May 2020
By
Jared Antin
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May 07, 2020
April provides us with the first full month of data since the COVID-19 crisis, and we are beginning to see the impact. Historically one of the busiest buying and selling months, April saw a notable decline in inventory and a sharp drop-off in new contracts signed.
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Navigating Today’s Evolving Real Estate Market: Part 2
By
Jared Antin
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May 06, 2020
Elegran hosted Part 2 of its webinar created to help clients understand how to navigate a historically uncertain New York City real estate market. We reconvened our panel of industry experts, all of whom possess experience and have guided their clients and companies through previous crises, to offer their perspectives on today’s market, and here are a few of the essential takeaways from the discussion.
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Will This Economic Crisis Have a V, U, or L-Shaped Recovery
By
Jared Antin
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May 05, 2020
Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover?
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