What they’re reading now

By: Adam Warner November 1st, 2015 Insights from the desks of Richard Grossman, Steven Hidary and Bertrand de Soultrait Richard Grossman Executive vice president and senior managing director, Halstead Property What book did you recently finish? I recently finished “The Three Laws of Performance” by Steve Zaffron and Dave Logan. What spurred you ...

Love It and Lease It: Rent-to-Own Luxury Homes

By: Anya Martin September 9, 2015 Signing a lease option helps jumbo-mortgage borrowers save for a higher down payment, get their credit history in order and lock in on their dream-home purchase Illustration: Chris Gash A rent-to-own luxury home may help potential homeowners buy some time before it’s buying time. For potential jumbo-mortgage borrowers, ...

How Much Home Can You Buy With Your Income?

Miller Samuel President and CEO Jonathan Miller discusses the U.S. housing market. Bloomberg Intelligence’s Carl Riccadonna also speaks on “Bloomberg Surveillance.” (Source: Bloomberg)    

Board Talk

BOARD TALK Frederick Peters  |  President, Warburg Realty There is a widening gap between the price of co-ops and the price of new condominiums. While much of this has to do with the ease involved in purchasing something utterly new, there is also a considerable benefit in the eyes of many buyers to the fact that they do not need to contemplate ...

Is It Better to Buy or Rent?

By Kevin Quealy and Archie Tse Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise and how long you stay in your home. Compare the costs of buying and renting a home using the calculator. The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into ...

6 hurdles that can stand between you and your mortgage–and what to do about them

By Mayra David If you’re looking to buy a NYC apartment, there’s a decent chance you are also in the market for a mortgage. We asked some experts to spot some of the most common hurdles tripping up NYC buyers these days and give us their suggestions for overcoming them. 1. Being self-employed or having an irregular income 2. An insufficient ...

Foreign Investors Eyeing U.S. Real Estate, What it Means for Buyers

By Donna Fuscaldo The competition in the housing market is heating up as buyers face off with  deep-pocketed investors located both in and outside the U.S. Foreign investors are playing a big role in the U.S. real estate market and  it’s putting upward pressure on home prices. According to new research from real  estate website Trulia,  from April ...

Just moved in? Here’s how to succeed as a first-time owner

By Roland Li To live reasonably happily ever after in your new apartment, you need to start off on the right foot with your neighbors, your board, the staff and the management company. 1. Get to know your board If you don’t already know the names and faces of your board members, find out. Your goal is to establish a cordial relationship in the ...

Adding Evacuation Zones in Response to Hurricane

By David M. Halbfinger and Anemona Hartocollis The Bloomberg administration announced on Friday that it would double to six the number of evacuation zones along New York City’s coast and expand them to include an additional 640,000 residents, saying that the new map would provide more flexibility when major storms hit. The report repeatedly praises ...

Real Estate Q & A

By  JAY ROMANO Q I own a third-floor condominium in Westchester County that has a nice view over a garden behind the building. A few years ago, the condo board planted some trees in the garden. The trees have now grown so tall and wide that they are starting to block my view. One reason for buying the apartment was the view. Do I have any right to ...