Real estate buyers and investors always ask this question: is this a good time to buy?
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As an investor, you ask: should I put my money in real estate or the stock market?
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A large number of listings went into contract in March – a welcomed break from the few sluggish months prior.
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The good economy kept up the fight with the evil army of rising rates + tax laws, with no clear sign of a winner.
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While the stock markets around the world roared to their best January returns since the early 2000’s, the NYC real estate market was subdued in comparison.
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What will the market look like in 2018? The economy is strong as ever, which strengthens the buyer base who is buying to live in NYC. The negative effects of the tax bill, along with higher interest rates, will likely deter some of the buyers on the margin. Who will win this tug of war?
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After a soft October, the NYC real estate market did not show further weakening this month, both in terms of prices and marketing time.
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How should I buy or sell in this soft Market?
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