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.

Articles about "Manhattan Real Estate Market"

  • App Wars: The Intensifying Rivalry in Real Estate Technology By Bryan Gamble | August 29, 2013

    The welcome recovery in the real estate market has come partially from the innovations of entrepreneurs in taking new approaches to reality that focus on the power of the internet and mobile apps. From this new online approach, an intense rivalry has emerged between real estate sites and apps that help buyers and sellers alike become more knowledgeable of a property in question.

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  • Daily News: Landmark Preservation Hindering New York City’s Progress By Aby Thomas | July 29, 2013

    In an editorial published on Tuesday, the New York Daily News took to task the Landmarks Preservation Commission in New York City for going overboard with their zeal for preservation—according to the editors, the commission has been designating certain sections of the city as historic landmarks even though they don’t really have any significance in the overarching story of the city. For instance, the article notes that 30 percent of Manhattan properties are currently protected by the commission’s regulations, and included in that list are 48 vacant lots and 50 parking lots, spaces that could have been put to better use as real estate development sites.

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  • A Chat With Elegran's Andrew Warren By Joel Bennett | July 11, 2013

    With Summer officially in full swing, we decided to talk with Elegran’s own Andrew Warren about a little more than just the weather. Fresh off of a big sale in Chelsea, he was happy to talk about one of his favorite neighborhoods and why it's only getting better.  

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  • Boom or Bust: Foreign Instability Could Fuel NYC Luxury Market By Thomas Faddegon | July 01, 2013

    As comforting as it would be to think that the recovery of real estate market was entirely due to the robustness and durability of the American economy, the truth is that the market received a much-needed boost from wealthy foreign buyers. Cities like New York and Miami in particular have benefited from this influx. In Miami, Brazilians accounted for 12% of the city’s real-estate sales in 2012, with the majority of those purchases falling in the $200,000+ range. Some luxury condo towers are 60% to 75% Brazilian.

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  • With DOMA Struck Down, Even Real Estate Gets Better for Married Gay Couples By Aby Thomas | June 28, 2013

    It was a historic moment for gay rights in the United States when the Supreme Court on Wednesday declared the Defense of Marriage Act to be unconstitutional and ruled to grant married gay couples the same federal benefits as married straight couples. Besides giving married gay couples the validation and dignity they have long been campaigning for, the Supreme Court ruling now gives them access to a number of federal benefits, which include immigration rights, Social Security survivor benefits and real estate tax exemptions as well.

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  • The Canadians Are Coming… for American Real Estate! By Aby Thomas | June 26, 2013

    Their nationality may be the target of many a joke when they are in the United States, but Canadians seem to be having the last laugh now—at least from the perspective of American real estate. While it is no secret that international buyers account for a huge chunk of real estate sales in America ($82.5 billion, to be precise), it’s interesting to note that our neighbors to the north are the majority in that elite group of foreign investors—the National Association of Realtors says that Canadians make for 24 percent of all international sales in the American real estate market.

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  • Only 558 New Residential Units Authorized for Manhattan in the Last Quarter By Aby Thomas | June 05, 2013

    There has been quite some buzz about a recent report by the Furman Center for Real Estate and Urban Policy that said that the first quarter of 2013 saw 3,805 new units get authorized by residential building permits in New York City, which, as The Real Deal reported, is a tremendous increase from the values that were posted during the same period last year. Having said that, these numbers do not warrant a celebratory jig just yet—a closer look at the report will reveal that we’re still in the midst of an inventory crisis.

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  • Cash Only: The New Trend for Luxury Real Estate By Thomas Faddegon | May 10, 2013

    A suitcase full of money is an image most people would associate with Hollywood depictions of illicit transactions. In reality, cash deals have always been a staple of high end real estate. But in the modern Manhattan market, this cinematic motif (suitcase optional) is becoming more commonplace by the day.

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  • Stage Set for Manhattan Apartment Prices to Rise By Aby Thomas | April 16, 2013

    New York City’s real estate sector has had an interesting first quarter this year—while there was a definite decrease noted in apartment prices across Manhattan, home hunters were still having to dish out a pretty penny if they wanted to get their hands on the New York City apartment of their dreams. A market report by Brown Harris Stevens put the average price of a Manhattan apartment to be at a hefty $1,252,081 in the year’s first quarter, which is, interestingly enough, 16 percent lower than what it was a year ago.

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  • Real Estate Apps: Worth the Hype? By Thomas Faddegon | April 12, 2013

    Ten years ago, it was virtually impossible for the average buyer to access multiple-listing services without the aid of an agent. Compiling listings was a long and laborious process, and information was often difficult to come by. In a strange twist of fate, present-day home buyers now find themselves with the opposite problem. Although it may seem that the advent of the real estate app has made the buying and selling of homes vastly simpler, these innovations are a double-edged sword.

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