Top 20 NYC Residential Lenders 2016
Wells Fargo issued the highest number of mortgages this year – 2,081 JP Morgan Chase issued luxury home mortgages for the sum of $414 million The lowest median down payment – 13% – was operated by Homebridge Financial Services In a place like New York, where home prices are sky-high and demand is never lacking, financial institutions get a…
These 4 Billionaires Are Rich Enough to Buy LA’s Most Exclusive Areas
The world’s top 4 billionaires could afford to buy all of LA’s most exclusive areas Malibu, Venice, Santa Monica, Beverly Hills or Bel Air. When it comes to the world of real estate, these names instantly make everyone think of beach-front mansions owned and made famous by celebrities. And, if you’re anything like us, you’ve…
The Super-Rich Take On San Francisco & Silicon Valley
So many of the individuals on Forbes’ World Billionaires List made their fortune in the tech world, that we just had to take our Billionaires vs. Real Estate series to their business alma mater – Silicon Valley. And given how this is also one of the most expensive real estate markets in the country, we…
Survey: 56% of NYC Real Estate Pros Say Value in Trump-Branded Buildings Will Not Increase
Will the value of units in Trump-branded buildings rise post-election? The results of a PropertyShark survey indicate that 56% of NYC real estate pros say “No”. President-elect Donald Trump started off as a real estate developer and became even more famous for licensing his name to residential buildings, hotels, casinos and golf courses. Unsurprisingly, the Trump brand…
NYC Multifamily Investments Slow Down in Q3, Manhattan and Brooklyn See Losses
The market for NYC multifamily properties took a hit last quarter, as investor trust seems to be dwindling. According to a recent report by Ariel Property Advisors, the number of buildings purchased between July and September was down 22% Y-o-Y, and 10% since the previous quarter! 284 buildings were sold in 178 transactions, for a…
How Many Billionaires Does It Take to Buy Manhattan?
We enjoy poring over the latest issue of Forbes’ World Billionaires List as much as the next person, watching the billions stack up every year, but have you ever realistically considered what that kind of money could actually mean? We just did. And being in the business we’re in, we decided to count the dollars…
The Real Estate Hour: Rise of the Residential Rental Market
Jeff Adler, vice president of Yardi Matrix, a sister company of PropertyShark, recently gave an interview for The Real Estate Hour. Together with host Alan Feldman, Jeff discussed the current state of the US housing market and the reasons behind the rise of the residential rental market. Interview Topics: What’s behind the surging demand for…
Top 10 NYC Best-Selling Buildings Q3 2016
A sculptural tower in TriBeCa takes over the number one spot as NYC’s best-selling building last quarter. Although in our Q1 and mid-year Top 10 lists Carnegie Park in UES reigned supreme, with by far the highest number of recorded sales, in Q3 the newish development at 56 Leonard Street became the best-selling building in…
Is the Average Texas Home Size On Par with Rising Prices?
The “sizzling” Texas real estate market made news across local and nationwide industry publications this summer, and developers could not be happier. Sales and prices are soaring and there’s plenty more demand for new housing to keep them busy for years to come. But are average home buyers getting what they pay for in terms of…
Homebuyers: Check What Loan You Qualify for before Shopping for a Home
Matthew Garland is Director of New Development at Quontic Bank and he shared with us valuable advice for homebuyers seeking financing. According to Matthew, it is highly important to know what loan you qualify for before you actually go shopping for a home. He reminds us that the currently low interest rates mean more home…
Real Estate Is at the Heart of the Second Harlem Renaissance
A second Harlem Renaissance is underway, this time driven by an influx of money and a middle class population eager to escape the hectic life and ridiculous housing prices in the rest of Manhattan. So we decided to take a look at what the neighborhood has to offer in terms of homes and single out…
PropertyShark at the NYC Real Estate Expo and HGAR’s Members Day
Here’s where you can meet and talk with the PropertyShark team in the upcoming weeks! We look forward to seeing you at these events so don’t forget to register and stop by our booth, you have all the info you need below: 8th Annual NYC Real Estate Expo The Expo brings together real estate pros for…
Who Lives Largest? The Growth of Urban American Homes in the Last 100 Years
It’s a common grievance by now that living quarters in the most popular cities across the nation have been shrinking, with people paying ever more money just to save some time on their daily commute. In fact, a recent analysis found newly built rentals span the least number of square feet since before the market…
Historic Home in Manhattan’s Hamilton Heights District Heads for the Auction Block
Historic home in the Hamilton Heights District of Manhattan is scheduled for auction with a lien amount of $249,338. Auction date: October 5th, 2016. Foreclosures in Manhattan are not a common sight – only 25 homes were scheduled for the first time in Q2 2016, according to our recent report on New York City’s foreclosure market. As…
PropertyShark’s NYC Client Appreciation Party Is Finally Here
You’re all invited to an event that has become a tradition among NYC’s real estate pros: PropertyShark’s Client Appreciation Party and Networking Event is right around the corner! 2016 brought so many achievements to PropertyShark including a website that works twice as fast, exploding traffic, the launch of the new redesigned homes for sale section to…
Find and Research Foreclosures in Long Island
For investors, brokers, and other real estate professionals looking to find and research distressed properties in Long Island, PropertyShark provides daily updated foreclosure listings in both Nassau and Suffolk, plus all the data you need to assess them. Here are just some of the reasons to choose PropertyShark as your provider of foreclosure listings: You…
Top 20 NYC New Projects Proposed So Far in 2016
The city is ablaze with new developments in what’s been called by Forbes the best time to be a real estate developer since 2007. The level of investment opportunity in Queens has attracted the spotlight, and in the first 7 months of 2016, the total square footage of proposed development space counted over 3.5M square feet, almost…
The Fabulous Upper West Side Real Estate Story
To take away: the most expensive home ever sold here was a penthouse fit for a king: price paid – $88M! the largest home is a century-old 11,500-square-foot mansion next to Riverside Park the UWS is one of the neighborhoods with the most permanent residences, percentage-wise: only 55% of all housing units are rentals , a…
Chelsea Penthouse Is Up for Auction – Lien Amount $800K below Market Value
2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City. Manhattan foreclosures are a rare bird, and penthouses up for auction even more so. One such uncommon case is that…
PropertyShark Seller Leads: Turn Them into New Listings and Clients
Introducing Seller Leads PropertyShark traffic has exploded over the past couple of years and in 2016 we exceeded 2.6 million visits per month. A good share of these visitors are home buyers and sellers, who turn to PropertyShark for research. We found that one of their main needs is getting a property value estimation. While we…
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