Hi,
Finally! Spring has arrived with a blooming enthusiasm from home hunters taking on their search for a new nest and hoping for more inventories to hit the market. These hopes seem realistic at first since the market is moving ahead from a month of February 2015 that recorded a new historical low level of inventory with only half the number of condos than the pre-2008 average. However, the demand for housing has not decelerated, keeping high the challenges to buy a property in New York.
In this Q1 2015 Newsletter and moving forward, both Manhattan and Brooklyn are getting their equal share of market snapshots and reports, with a new format of the Corcoran Market reports.
This Newsletter highlights the dynamic of key real estate metrics and bring them in parallel with the economic and demographic activities that have been and keeps contributing to the emancipation of New York City.
I wish you a great Spring season and welcome your Real Estate questions.
Cheers,
Q1 2015 Newsletter
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