They're back: NYC buyers can expect more competition from foreign investors in 2023

… investors looking for opportunities in NYC They know rents are high so they can get a good return on their … million stake in TikTok who bought two sponsor units at 111 West 57th St for a total of $34 million Apartment 52 is a … NYC listings among the international buyer pool and they arent turned off by the exchange rate Its good news for NYC …

By Jennifer White Karp |January 3, 2023 - 11:30AM
Buying plans on hold for now? Here's what you can do to gain an advantage later

… Rising mortgage rates which make buying 55 percent more expensive this year have spooked a lot of wouldbe New York City buyers sending them fleeing from the market … when you are up against allcash buyers For example you could skip the mortgage contingency There are a lot of …

By Jennifer White Karp |October 25, 2022 - 9:30AM
What the Federal Reserve's move means for NYC buyers and sellers

… The news that the Federal Reserve last week raised its target federal funds rate by a quarter of a percentage point from near zero … income Thats a huge hedge against inflation And you get to live there Cohn says She says there are other approaches to …

By Jennifer White Karp |March 21, 2022 - 1:30PM
Is now the right time to sell in NYC? Brokers sound off on six scenarios

… need to tap equity in their place for another purchase and arent in a position to time the market But if you have the … suggestion for owners of luxury high end condos is to rent your place out until the return of foreign buyers Wendy …  believes a seller in d owntown Manhattan or the Upper West Side can easily list at any time and know they will get …

By Emily Myers |November 2, 2021 - 9:30AM