Jun 30, 2022 |
syndicator
… Read More > The post appeared first on Brownstoner.
After being prodded higher by inflation fears, mortgage rates were dragged down this week by recession concerns. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 5.7% with an average 0.9 point. (A point is a fee paid to a lender equal to 1% of the loan amount. […more]
Rendering courtesy of CetraRuddy A housing lottery opened this week for 45 middle-income units at a new residential development in Downtown Brooklyn. Located at 22 Chapel Street, the 20-story tower offers its residents a prime location at the intersection of Brooklyn Heights, Dumbo, Fort Greene Park, Boerum Hill, Barclays Center, and the heart of Downtown Brooklyn. New […more]
I mentioned the strategy we employed on Avenida Sierra. After a low-priced new listing came on the market at $1,350,000 the day before we were going to launch, we lowered our list price from $1,595,000 to $1,395,000 to ensure that we were as attractive as any of the six competing listings (four of which had […more]
We knew at the beginning of June that we wouldn’t get to 200 sales, just by the number of pendings: NSDCC June Listings and Sales Year # of Listings # of Sales L/S 2015 527 340 1.55 2016 513 312 1.64 2017 416 360 1.56 2018 476 299 1.59 2019 435 282 1.54 2020 448 […more]
Having failed to sell at auction and survived a foreclosure scare, plans to entitle a bigger-than-bonus-sized tower to rise on the former National Guard armory turned parking garage site at 819 Ellis Street are progressing. While conceptual plans for a 13-story tower to rise up to 135 feet in height upon the Polk Gulch parcel […more]
Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. (FGMC) and its affiliate Maverick II Holdings has filed for Chapter 11 bankruptcy protection. “While we have made considerable efforts to address our ongoing financial challenges related to the state of the mortgage market, we ultimately […more]
Image via Flickr cc America’s largest 4th of July fireworks show is getting ready to light up the New York sky; Macy’s 46th annual Fourth of July live fireworks extravaganza happens Monday, July 4th at 8 P.M., Plans are being hatched to snag a spot at one of the city’s better viewing locations (or in front of a bigger screen; […more]
It’s an unusual developer who gives architects and designers the time and freedom to develop and execute a nuanced, soulful, one-of-a-kind program for the renovation of an investment property. Yet that is exactly what happened when Bretaigne Walliser and Thom Dalmas of the design studio TBo were called on to… Read More > The post […more]
Ben Affleck has a soda fountain—the kind you see at fast-food joints everywhere—set up by his desk. And so can you!