Town Residential Releases 2016 Second Quarter Inclusive Report on Manhattan Market

Town Residential, leading New York real estate brokerage company and publisher of The Aggregate released its 2016 Second Quarter Inclusive Manhattan Market Report. The firm has its footprint throughout Manhattan and other areas in NYC providing superior customer service, residential real estate services, and comprehensive knowledge of the neighborhoods. The sources used to analyze condominium and cooperative sale transactions in Manhattan included NYC Department of Finance Sales Report and REBNY Listing Service. Urban Digs Analytics provided all analytics data in The Aggregate residential market analysis. The final report shows comparison of asset classes which comprise of condo, condo cooperative and cooperative apartment sales.

From April through the end of June of 2016, the report revealed trends fluctuated up and down after carefully examining Manhattan neighborhoods individually. There was decrease in luxury new development sales in the second quarter compared to first quarter 2016. Sales decreasing in the market had an effect on inventory levels and days on market, which includes the days between original listing date and date of sale. Condo, condo operative and cooperative apartment sales decreased the second quarter compared to first quarter in average sales price, average price per square-foot, median sales price, and median price per square-foot. When the data is compared to second quarter 2015, there is an increase in average & median sales prices and average & median prices per square-foot.

The Aggregate Manhattan Market Report also analyzed the number of days registered properties stayed on the market until the actual sale date. It revealed real estate properties remained on the market an average of 60 days, which is a five percent increase compared to first quarter 2016 and 18 percent increase compared to second quarter 2015. By the end of June 2015, properties remained on the market no more than 49 days and gradually increased to 57 days the end of March 2016. The report doesn’t indicate that the Manhattan Market is in trouble, but slower than the first quarter. New York City has a promising stable economy, especially with its increase in jobs, employment opportunities and population.

Andrew Heiberger and Joseph Sitt co-founded Town Resident focusing on residential real estate, new development, sales, rentals, and marketing. Town Professional Agents and Executives have previous experience offering rental, marketing, luxury sale, and new development real estate services in NYC. The firm has a team comprising of hundreds of real estate experts in Manhattan neighborhoods with extensive knowledge of market trends and brilliant real estate.

According to the Real Deal (July 27th, 2016), sources are saying Andrew Heiberger recently became the sole owner of Town Residential, after a buyout agreement between the two partners. Each partner had 50 percent ownership rights when the company was established in 2010. The buyout transaction included all of Town’s affiliates; Town Commercial, Town New Development and Town Marketing & Leasing. Town Commercial was organized in 2015 and was the most recent growth strategy of the brokerage firm. Mr. Heiberger is now the Principle, CEO and Chairman of Town Residential and all its affiliates serving the New York City and Manhattan neighborhoods.

Real Estate Brokers Strike Gold With Employment In L.A.

The Los Angeles areas has always been a promising location for real estate brokers. This currently remains true, with over 1,200 real estate professionals currently employed and practicing real estate in the great LA region. It is reported by the Bureau of Labor Statistics, that there is an increase in the real estate job market thanks to an increase in consumer spending. This increase in demand is likely to continue into the next few years.

Currently, an experienced real estate broker in the Los Angeles area makes about $110,000 annually. Beginning brokers make a bit less while the more experienced make a bit more. Certain qualifications equate to more money. For example, a broker who has taken extensive classes in business administration, economics, law, etc. will be more likely hired by an established firm. Social and community connections also help. The entertainment sector of LA has always made this a popular area, but increasingly popular areas of technology is bringing new energy to the market. Real estate brokers are really striking gold in this area, especially if they know how to work the market.

A real estate broker finds success when they are honest and educated on the real estate process. Success does not necessarily correlate with years in the field. Though, a new agent can take the initiative to learn more so they can get ahead faster. Real Estate Mavericks is a real estate coaching company that is designed to give brokers and agents the edge that they need to succeed. For the person selling or buying, this can be a very stressful and emotional time. As a broker, you need to know how to properly interact with these people.

With technology on the rise, looking for and selling a property has become easier. However, there is something about the personal interaction with a broker that will never be able to be replaced. It is imperative to properly prepare for a job in the field of real estate. Working with a coaching firm like Real Estate Mavericks, or getting together with a professional in the field who is willing to share knowledge can take your profession in the area of Los Angeles to all new levels.

It can be difficult to work alone, especially when you are starting out. Sometimes it is beneficial to learn more about the process of real estate by signing on with a real estate team. You need to know everything there is to know about the LA market. It can take a lot of time to gain this knowledge if you are on your own or just starting out. Your client’s best interest should be in mind, and because of this, you owe it to your clients to learn as much as you can. With the appropriate amount of knowledge, brokers are striking gold in the Los Angeles area.

Finding Unique Apartments in New York City

Modern buildings often possess many of the same amenities that many people find desirable in an apartment building. From in-building laundry rooms, to common areas, doormen, and elevators, these features often drive unit sales and rentals and modern buildings are commonly built using a similar model. While these spaces are often pleasurable for many people to live in, they can be a bit monotonous and not what many are looking for.

If you are looking for a unique apartment to buy or rent the search for a place becomes more difficult. New York City is one of the oldest big cities in the United States and therefore has a lot of older buildings that have elements of the time periods when they were first developed. A classic example of this are the pre-war buildings that were built before the Second World War. Pre-war buildings are more spacious, have higher roofs, and offer home owners with a charm that many find desirable. Other buildings have units that were sub-divided or combined in interesting ways, or have unique elements or technologies from the period during which they were constructed that set them apart from other units on the market. Finding an apartment that has some of these unique elements may differentiate your home from others on the market and provide you with the unique home that you are looking for.

Other people are looking for something still more exotic and try to find the one of a kind dwelling that they have always dreamed of. Doing so can be very challenging for a person seeking one of these dwellings. They are, by their nature, rare and often in great demand. If you are seeking a unique space, the major step you should undertake is finding a high quality real estate agency that is familiar with the local market and can gear you in the right direction, temper your expectations, and help you locate the unique space you are looking for. If you are looking for a unique home in New York City start with the real estate broker and discuss with them what you are looking for.

NYC real estate hunting is easy for TOWN Real Estate with its significant experience in the market and can help you to find the truly unique apartment that you are looking for. Alternatively, if you set aside your plans to find a unique dwelling and instead search for a blank space so you can design your own unique space, TOWN real estate can help you locate the right space to transform into your own creation and can help to contact any co-op board or other regulatory body to make sure that the changes you are looking to make are allowable under the building’s charter.

Breaking News On The Aspire New Brunswick from Boraie Development LLC

This article includes breaking news on The Aspire New Brunswick by Boraie Development.

A recent article that appeared in NJ Spotlight talked about the downfall and rise of New Brunswick. Certainly, New Brunswick was noted for housing the main Rutgers University campus. However, the city was in a state of steady decline for decades. This steady decline was due to a rising shift in the immigrant population and the decline of property values. Certainly, financial investments in the city dropped because of this decline. The city was spiraling downward until Johnson & Johnson decided the city was worth their investment. Their confidence led to other investors exploring their options. 

Slow Steady Progress
The renewed confidence in the city has led to new investors taking a second look at New Brunswick, New Jersey. Many suggest that the progress is too slow. However, the mayor’s office and the New Brunswick Development Corporation are excited about the changes coming to their city. They are in the process of redesigning the urban city and bringing new energy and vitality to the entire area. Head of Boraie Development LLC Omar Boraie has seen the impending upswing coming for years now, which is why he spearheaded the construction of The Aspire.

The Aspire
The Aspire has landed in New Brunswick. The high end luxury apartment complex has energized the area and added plenty of vitality to declining interest. The Aspire is in a great location that is central to transportation. Certainly, the cost to live in the luxury apartments is rather high. However, the luxury complex is equipped with a number of very impressive features that are sure to attract high end clientele. For example, the residents will enjoy a shared lounge, roof top patio and garden, around the clock doorman, and on-site parking. 

The Aspire New Brunswick  by Boraie Development Opening
Here is breaking news that is sure to delight those that are looking for high end luxury apartments that are close to New York. The Aspire New Brunswick Boraie Development LLC. recently announced that they are open for business. The luxury high rise is leasing apartment to the public. Enjoy luxury high rise living at a fraction of the cost that a luxury apartment in Manhattan would cost.

The high rise is centrally located. Near the New Brunswick Train Station. Thus, providing quick transportation to Philadelphia and Manhattan. Enjoy living in a luxurious surrounding with numerous amenities that are commonly found in lavish apartment complexes in New York. The Boraie Development Manager has been overwhelmed with the enthusiastic response that he has received to the grand opening of The Aspire.

Investment Bankers Stake Their Claim in Art and Real Estate as the New Gold

Laurence D. Fink, the CEO for the major investment firm, BlackRock, stated at a recent conference with investors that gold has lost its luster for some investors and that these investors are now turning to contemporary art and real estate as safer harbors for their liquidity. One of the problems that the wealthy face consistently is where to place liquid assets. Banks are not safe places as the amounts on deposit at the bank is not protected against a collapse in the economic market and any reserves just sitting on deposit will also be subject to degradation by inflation. Art and real estate on the other hand are safer investments since these assets constantly adjust for inflation regardless how long the assets are held by the owner. These assets can also be passed down to heirs with much less tax consequences to the theirs as oppose to cash. Investors Turn Away From Gold and Towards Art and Real Estate

While gold is still a good investment product, it is cumbersome to store and unlike art and real estate, the owner cannot easily exercise control over large amounts of gold. Additionally, not everyone has their own vault and while gold owners have the option of simply placing their gold in a professional vault, many do not feel secure with simply carrying a receipt as ownership of their assets.

Christian Broda understands that Real Estate is a a fixed asset as there is very little opportunity to create new real estate. Additionally, art has been positioned to be a new currency as many pieces in recent years have been sold for amounts in excess of $5 Million Dollars.

Find Your Next Home Within New York City Real Estate

New York City is a place that’s full of hustle and bustle, and it’s a great place to live. Many people want to move to New York City, or they want to move around New York City, but they’re not certain where to start looking. If you have a great realtor, you can find some of the newly constructed places to move to, and some of them are and architectural dream. There are many locations available, for those looking to move, and you can begin your search, by hiring a realtor from Town Real Estate. Once you get your realtor, you can begin your journey.

It takes time to find a great apartment, or any other type of dwelling you’re looking for. If you have a great realtor, such as the ones at Town Real Estate, you will have some assistance in finding a great place to live, and it will be less stressful for you. The realtors that work for Town Real Estate, are some of the best in the city, and they get some of the best listings as well. New buildings that are being created, as well as newly built homes, apartments, condos and more, list with Town Real Estate.

Since Town Real Estate has some premier listings, you’ll be able to find the perfect place in New York City, and you’ll be able to find it with a lot less worry. If you have taken up the paper, or a magazine that shows real estate listings, you’ll never get the same experience, as you would, if you hired a realtor. You want someone who knows about the places you’re interested in, and they can give you a historical rundown on each area, as well as show you a nice place, which may be of interest to you.

Shopping for a new place to live is never easy, no matter where you live, but the key is to have the right person helping you shop around. If you get a great realtor, you’ll be able to pick from prime pieces of real estate, and you may find yourself in your new home, quicker than you thought possible. Although New York City can be difficult to navigate, especially when it comes to finding NYC real estate, your Town Real Estate realtor, can help you find the right place. Find more on there website by clicking here, and  choose a Town Real Estate realtor today.

Mortgage Rates Drop Again

PR Newswire and Susan McGalla report, interest rates on thirty year fixed rate mortgages dropped again to an average rate of 3.66 percent which is the third straight week of rate drops. This is the lowest average rate since mid-2013 when interest rates began to recover based on speculation regarding what the Federal Reserve would do in terms of raising interest rates. The average rate for a fifteen year mortgage, which many homeowners choose who are looking to refinance their home choose is now below 3% which is an attractive rate for many new homeowners.

Bond yields have also hit record lows and mortgage rates tend to follow the treasury rate yields closely, with the ten year treasury rate now below 2%. Adjustable rate mortgages are also at record lows with the rates down below 3 percent for 30 year ARM mortgages.

These lower mortgage rates are currently attracting increased buying opportunities for home buyers and there has been a related surge in the number of applicants for mortgages as a result. Applications for mortgages were at their highest level last week in the past six years according to the Mortgage Bankers Association, which has further supported home prices on the market.

Andrew Heiberger: A Look at TOWN Residential as a Luxury Brand

TOWN Residential is among the most notable and respected real estate firms serving Manhattan and other areas in New York City, but a few short years ago, this company was not even in existence. Founded in 2010, the company quickly grew in size and reputation. Within just two years of its founding, the real estate firm had grown to expand into nine office spaces in the Big Apple, and it had more than 520 of the best real estate agents in the area employed. It continues to be a top-ranked real estate firm today, and uniquely, it focuses on the luxury real estate market in New York City.

The Reason for Focusing on the Luxury Market
Before Andrew Heiberger founded TOWN Residential, he was the CEO for another top real estate firm in the area, Citi Habitats, and Andrew has spoken about the company many times. The focus of Citi Habitats was not centered on the luxury market. Certainly, Manhattan and most of the New York City area has some of the highest real estate values in the country and throughout the world, but luxury real estate in the area has an even higher price. When Heiberger founded his new real estate firm, he wanted to focus on the luxury market due to the potential for more lucrative rewards from the efforts of himself and his team.  After all, he founded the firm at a time when residential lending requirements were tight and the real estate market was recovering from turmoil.

Leading a Top Firm
When a young real estate firm undergoes such significant growth and development in a very short period of time, you may wonder if the growth is too much too fast. However, Heiberger and his team have hand-picked the agents, and he has spread his unique vision for the real estate firm to each agent. The firm has a solid reputation in the industry, and it actively works to satisfy the needs of its clients.

TOWN Residential is widely known as one of the top real estate firms specializing in this niche area of the market in Manhattan.

Check out their Facebook page, if you want to know more about TOWN Residential or Andrew Heiberger.

Major Storm Spreads Across Eight States, Impacting Real Estate Sales

The current scare right now is Ebola, but maybe we should be more worried about natural disasters that are happening in our backyards. A severe storm that brought tornadoes and wind damage across the south and Midwest has left two dead, several injured and many residents homeless and without power. The effect on real estate sales has been noticeable in these markets too, as houses can’t be shown and viewed under such threatening weather conditions.

A 33-year-old and father of three was killed when the tornado destroyed his Arkansas home. His wife and children remain in the hospital for severe injuries. In Alabama, a tree fell on a mobile home, killing a 75-year-old woman who lived there.

One tornado was actually caught on film in Mississippi. You can view it here. So while preventing the spread of Ebola seems to be a common theme right now, we need to also remember to take necessary precautions for ourselves and our families when storms hit. If a tornado is in your area, Jared Haftel advises that you make sure you find a basement to hide out in until the storm is past. Some cities have storm shelters for residents who don’t have their own.

Texas Real Estate Market In Total Boom

Everybody is moving to Texas these days. More Americans have been moving to Texas than any other state over the past few years. Including a remarkable 387,000 in the 2013 census.

Jobs and affordable housing are the main reasons for actually making a move. What you’ll find is that Texas right now has both in abundance. They’ve got plenty of jobs throughout the community. But what Texas really has in abundance is property.

Moving to Texas is much cheaper than most other places in the United States. As long as you stay clear of the major cities, you can buy a home, or find apartments for much lower than the major cities around other states.

Not to mention, as far as cities go, Texas is also one of the fastest growing.