Tag: Big Apple
NYC homeowners seek darker units
A growing trend among New York City dwellers has homeowners seeking darker, more secluded units that give them a chance to escape the thriving metropolis they live in, The New York Times reports. When some prospective buyers approach the local market seeking homes for sale in New York City, many of them may have the…
Rent rises in Manhattan, bolstering occupancy rate
According to a recent report from Prudential Douglas Elliman, the Manhattan rental market continued to make great strides during the fourth quarter, which could make investing in a home for sale in New York City a safe bet. The report showed that rental prices during the fourth quarter increased by 9.5 percent on a year-over-year…
Housing markets in NYC outer-boroughs outperform Manhattan
The outer-boroughs of New York City recorded the best housing market performance during the fourth quarter of 2011, The Wall Street Journal reports. According to the newspaper, despite a decline in home sales all across the Big Apple during the quarter, the median price of homes in the Bronx and Brooklyn edged higher as prices…
Rent, occupancy rates increase in Big Apple
According to RentJuice Corporation, rental prices in New York City increased during the fourth quarter of 2011, which could prompt a spike in home sales. The report indicated that monthly rent rose from $3,267 in the third quarter to $3,299 in the fourth quarter – a 1 percent change. However, even though the increase was…