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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.63% 4.78%
15-yr Fixed 4.07% 4.28%
1-yr Adj 2.77% 3.44%
* national averages

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TOP NYC REAL ESTATE NEWS - "The Real Deal" "NY Times RE":
 
Compass’ Lindsay Barton Barrett jumps to Elliman
12/18/2018 5:15 PM
Lindsay Barton Barrett — one of Compass’ early hires — is headed to Douglas Elliman. The move comes as Barrett is seeking to further boost her focus on new development, she told The Real Deal. Barrett and her team of three will be based out of Elliman’s new 111 Fifth Avenue location. “It made sense for me to be somewhere where I could really take a...Read More
 
Broad Street Development secures $100M for 370 Lexington buy
12/18/2018 4:45 PM
Broad Street Development has locked in a roughly $101 million loan to fund its purchase of 370 Lexington Avenue. Invesco Real Estate provided the financing, according to mortgage documents filed this week. Broad Street agreed to buy the property for $190 million in September from Japanese investment company Unizo Holdings, which is offloading its $...Read More
 
Real estate stocks are doing better than the S&P 500 for the first time in years
12/18/2018 4:15 PM
Real estate investment trusts  will likely outperform the stock market this year for the first time since 2015, thanks to investors seeking out high-yielding property stocks. Although much of the stock market has been extremely volatile as of late, real estate stocks appear ready to have another solid year, according to the Wall Street Journal...Read More
 
Brokerage hopping: A look at agent turnover in South Florida
12/18/2018 3:45 PM
“It’s an easy entry business and therefore an easy exit business,” Mike Pappas, CEO and president of The Keyes Company/Illustrated Properties told TRD, articulating an intrinsic truth about the residential brokerage business that veterans of the industry know all too well. Brokers largely credit the industry’s characteristically high rate of turnov...Read More
 
Two more condo sales just closed at 220 CPS
12/18/2018 3:00 PM
The closings keep rolling in at Vornado Realty Trust’s 220 Central Park South. Unit 29A sold for $28.5 million, according to records filed with New York City’s Department of Finance. The anonymous buyer is listed as The Residence Valluga South Trust. In the condominium offering plan, the unit was priced at $24.25 million. The home, which spans abou...Read More
 
This Greenwich Village townhouse just sold at auction for $15M
12/18/2018 2:30 PM
A 39-foot-wide townhouse unit at 215 Sullivan Street sold at auction this month after facing foreclosure. Unit TH-A sold for $14.6 million, according to records filed with New York City’s Department of Finance. The seller is listed as “215 Sullivan St, LLC.” Miami Beach-based buyer NW Sullivan LP started proceedings to foreclose on the property las...Read More
 
CRE investors see market slowdown amid shrinking borrowing costs vs. yields
12/18/2018 2:00 PM
Commercial real estate investors are looking at the difference between long-term interest rates and property yields and seeing a clear sign the current market cycle is sputtering out. That spread between rates and yields have reached their narrowest margin in more than a decade. For some market pros, that is enough to predict the real estate market...Read More
 
Neighborhoods in Chicago, NY and DC see biggest spike in high earners moving in
12/18/2018 1:30 PM
Over the last 20 years, a neighborhood on Chicago’s near North Side once home to a notorious public housing complex has seen the greatest increase of residents earning more than $200,000 of any area in the U.S. An analysis of U.S. Census data by consulting firm Webster Pacifics showed the Cabrini Green area of Chicago and a portion of the north sub...Read More
 
Coming soon: The Real Deal’s 2019 Data Book
12/18/2018 1:00 PM
The Real Deal is preparing the 14th edition of its Data Book, the industry’s single most comprehensive collection of information on the New York-area real estate market. Included in the 2019 Data Book will be a ranking of the city’s most active transaction law firms; Manhattan’s top residential agents and Brooklyn’s top residentia...Read More
 
Irving Langer’s E&M Associates sells Harlem apartment portfolio to Sugar Hill Capital for more than $250M
12/18/2018 12:15 PM
Irving Langer’s E&M Associates, one of the largest multifamily owners in the city, is selling another large portfolio of Harlem apartment buildings. Sugar Hill Capital Partners bought the collection of buildings from E&M for more than $250 million, sources told The Real Deal. The buildings are concentrated on the blocks just north of the no...Read More




TOP NYC REAL ESTATE NEWS - "The Real Deal" "NY Times RE":
 
On Location: Starting Fresh in a Familiar Place
12/18/2018 4:01 AM
As one woman in Portland, Ore., discovered, if you hire the right designer, you might not need to buy a new home...Read More
 
Shopping Guide: Shopping for Votive Holders
12/17/2018 4:00 AM
The quickest way to add ambience to a party is with a cluster of votive candles...Read More
 
Ask Real Estate: Why Do Buildings Blow Leaves Into the Street?
12/15/2018 9:00 AM
Spraying debris onto the sidewalk and into the street isn’t just counterproductive — in some instances it is illegal...Read More
 
What"s Selling Now: Homes That Sold for Around $600,000
12/16/2018 4:00 AM
Recent residential sales in New York City and the region...Read More
 
Forget the Suburbs, It’s Country or Bust
12/14/2018 10:10 AM
For some New Yorkers, being priced out of the city means it’s time to move to the woods...Read More
 
Got Mice? Time for a Working Cat
12/17/2018 10:38 AM
Feral cats that have been spayed or neutered can be adopted — not to be pets, but to be mousers...Read More
 
The Hunt: Rolling the Dice on Development in Dumbo
12/13/2018 4:00 AM
A Brooklyn couple moves into their ideal ‘glass box in the sky,’ but with construction looming next door, their views may already be imperiled...Read More
 
On the Market: Homes for Sale in Brooklyn, Manhattan and Queens
12/13/2018 10:10 AM
This week’s properties are in Forest Hills Gardens, Queens, Murray Hill, and Clinton Hill, Brooklyn...Read More
 
On the Market: Homes for Sale in New York and New Jersey
12/13/2018 7:56 AM
This week’s properties are four-bedroom homes in Nutley, N.J., and Roslyn Estates, N.Y...Read More
 
Calculator: November’s Most Popular Properties
12/13/2018 8:30 AM
The most-viewed properties in November on The New York Times’s Find a Home site included a $50 million Fifth Avenue house...Read More