Having inched up 0.7 percent in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 8.6 percent in June to a below average reading of 91.0 and was down 20 percent versus the same time last year with pending sales […more]
Some Highlights The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home. Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes […more]
When negotiating a property purchase, it’s tough to know what a home is truly worth until it has been appraised. If the home’s value is less than the offer price,… The post What is an Appraisal Gap Clause? appeared first on ELIKA New York.
Fannie Mae reported $4.7 billion in net income for the second quarter of 2022, up from $4.4 billion in the first quarter. Net revenues increased by $200 million in the first six months of the year compared to last year, thanks to higher base guarantee fee income, an increase in the size of Fannie Mae’s […more]
Originally designed for reclusive Swedish film star Greta Garbo, this elegant residence in Beverly Hills, CA, is available for $12 million.
Books Are Magic, the beloved indie bookstore nestled on the corner of Smith and Butler streets in Cobble Hill, is opening a second location in Brooklyn Heights this fall, its owners announced on Tuesday. “The secret is OUT! We’ve been dying to tell you about our second location, and we just… Read More > The […more]
In the News The Life and Death of Daniel Auster, a Son of Literary Brooklyn [NYT] His Brooklyn-Made Speakers Are Coveted by Supreme and Prada [NYT] Kings County Hospital Gets $15 Million for Maternal, Infant Health [BP] Haitian Street Food With a Modern Twist at New Flatbush Eatery[BK Reader] Bushwick Inlet Park Soccer Field Opens… […more]
Dot Property Vietnam Awards 2022 Honors 48 Winners As Resiliency, Recovery and Sustainability Take Center Stage A record number of winners were honored at the Dot Property Vietnam Awards 2022 Hung Thinh Land Joint Stock Company won three awards, including Developer of the Year 2022 Key themes this year included sustainable development and remaining resilient […more]
YIMBY captured the recent construction progress on The Bellemont, a topped-out 13-story residential building addressed as 1165 Madison Avenue on Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects with SLCE Architects as the architect of record and developed by Naftali Group, the ground-up 120-foot-tall reinforced concrete superstructure will yield a total of 67,680 square feet with […more]
The Empire State Building has joined the race to attract new commercial tenants who demand an amenitized building for the next generation of workers. In an announcement from Empire State Realty Trust, current owners of the iconic property, the building’s amenity offering will be expanded to include a town hall meeting space for up to […more]