Baruch Deutsch’s Post

New Yorkers are knowledgeable about the real estate market, especially the differences between condo and co-op living. Understanding these distinctions is crucial before beginning a home search in NYC. Co-ops have strict vetting processes but offer increased financial security for the building, showcasing the unique real estate landscape in the city. Despite being viewed as elitist, co-op boards play a significant role in maintaining property values. Buyers exploring co-ops and condos with a knowledgeable agent have a wider selection to choose from. #NYCRealEstate #CoopVsCondo

In June, Las Vegas apartment rents remained flat for the second consecutive month, following a period of growth during the first four months of the year. This trend aligns with typical seasonal patterns where demand and rents rise in early spring and taper off in summer. Demand in the first half of the year was the strongest since 2021, with occupancy increasing by about 4,000 units, significantly higher than last year's 1,700 units. The completion of approximately 2,500 new units helped reduce the vacancy rate from 10.5% at the end of 2023 to nearly 9.5%. As construction slows, with around 5,000 units currently underway, market conditions are expected to stabilize, potentially leading to a decrease in the vacancy rate and a return of rent growth to pre-pandemic averages over the next five years.

In June, Manhattan’s apartment market surged to unprecedented competitiveness, with a record-high 24% of leases signed after bidding wars, according to Douglas Elliman Real Estate and Miller Samuel Inc. This metric, tracked since 2021, emphasizes the market's intensity post-pandemic. Apartments were listed for an average of just 24 days before being rented, the fastest rate ever recorded. Renters paid an average of 1.4% above the listing prices, a significant premium. Jonathan Miller, president of Miller Samuel, highlighted the fierce market competition. Some listing agents have been underpricing units to incite bidding wars, leading renters to offer more than the asking price to avoid prolonged searches. Despite this, rents have remained relatively steady. The median rent for new Manhattan leases in June was $4,300, unchanged from a year earlier and only slightly higher than May's $4,250. An ample supply of available units, the third-largest for June since 2002, has helped temper price increases. Significant market fluctuation has been observed, with renters frequently moving to avoid landlord-imposed price hikes, thus adding to the inventory. This dynamic has kept Manhattan's apartment market vibrant and fluid. Landlords, aiming to keep units occupied, have maintained rents at high levels without pushing for further increases. As the peak months of July and August approach, Miller anticipates potential price hikes, possibly reaching record levels. Last year, the all-time rent record for Manhattan was $4,400. Brooklyn and Queens also saw near-record highs in June, with median rents at $3,695 and $3,250 respectively. Both boroughs experienced their second-highest inventory levels ever for June, with new lease signings just shy of all-time highs. Manhattan's rental market remains highly competitive, characterized by swift apartment turnovers and strategic pricing by landlords. As demand peaks in the coming months, the market may witness further rent increases, potentially setting new records. #ManhattanRealEstate #NYCRentals #RentalMarket #BiddingWars #DouglasElliman #MillerSamuel #ApartmentHunting #RealEstateTrends #BrooklynRentals #QueensRentals #NYCRealEstate #HousingMarket #RealEstateNews #RentPrices #UrbanLiving https://lnkd.in/e6PZK6tV

🔄 Excited to share an insightful article featuring our CEO, Joel Sanders, discussing the latest trend in Nashville’s apartment market: properties offering up to four months of free rent! 🏙️ As the real estate landscape evolves, opportunities like this provide incredible value for both renters and investors. If you're curious about how these deals are shaping the market or looking for the perfect place to call home, this is a must-read! 📖 Check out the article here and learn more about how you can make the most of this unique moment in Nashville real estate. 🏡 #RealEstate #NashvilleLiving #MarketTrends #FreeRent #Apartments #PropertyManagement #HousingDeals #OpportunityKnocks #RealEstateInsights #CEOLeadership #NashvilleApartments https://lnkd.in/e59StZFK

Thinking about buying a new home?  Did you know that a third of all homes for sale are new construction? If you’ve had a hard time finding a pre-existing home in this housing market, consider exploring the many new construction options available. Here are some key points to keep in mind and the pros and cons according to this Allen Tate blog! https://lnkd.in/eZMWC5UH •Move-in ready •Lower maintenance costs •Modern floor plan •New construction is typically more expensive than pre-existing homes, but affordability is getting better •The process can take longer •Landscaping will be sparse •Property taxes may be higher When we built our condo in downtown Asheville, we experienced all of this firsthand. We loved the design process, finding it to be just the right blend of work and fun planning. Shoutout to Julie Stallings at Arhaus, Mills & Coin Developers and Barbara Baskerville at Beverly-Hanks Realtors (referred by the amazing Blatz Team at Allen Tate) for making our downtown condo experience smooth and problem-free. We wouldn’t have it any other way! Colleen Blatz Nicole Simon Traci Wallace Dana Quinn William Coin #NewHome #Construction #RealEstate #HomeBuying #Property #DreamHome #DowntownLiving #RealEstateTips #HomeSweetHome #MoveInReady #ModernLiving #AshevilleCondo #MillsCoinDevelopment #BeverlyHanksRealtors #AllenTate #BlatzTeam #LuxuryCondos #JulieStallings

In the bustling heart of Toronto, the dream of owning a little piece of the skyline is shared by many. 🏙️ But when it comes to choosing a condo, it's not just about the sparkling countertops or the stunning view. What's even more important is the long-term value of your new home. Think about it. We check the ratings before buying a phone, don't we? Let's apply that same due diligence when it comes to our homes. Picking the right condo building is the first chapter of a successful real estate story, especially for first-time buyers who are transitioning from renters to proud owners. Here's a quick guide on what to look for: 👷♂️ Quality of Construction: The builder's reputation matters. A robust build means fewer headaches down the line. 📈 Financial Health: How well is the building managed financially? Look for signs of proper reserve funds and low default rates. 🛠️ Maintenance Excellence: A well-maintained building retains its value. Check past maintenance history and management performance. 🌱 Sustainability Features: Buildings that embrace green technologies not only reduce your carbon footprint but can also lead to savings. And remember, a great purchase isn't just about the deal - it's about securing a property that stands the test of time. To my fellow Torontonians seeking to make their first mark on the property ladder, focus not just on the 'now' but also on where your condo will stand in the next decade. Thinking of stepping into homeownership? What's one thing you wish you knew before making that leap? . . . . . #TorontoRealEstate #HomeOwnership #CondoLiving #InvestmentWisdom #RealEstateTips #TorontoRealEstate #HomeOwnership #CondoLiving #InvestmentWisdom #RealEstateTips #TorontoCondos #FirstTimeBuyer #TorontoSkyline #QualityConstruction #FinancialHealth #MaintenanceExcellence #SustainabilityFeatures #PropertyInvestment #TorontoLife #UrbanLiving #DreamHome #FuturePlanning #RealEstateInvesting #CondoLife #HomeBuyerTips

How the tide turns. When i was in Phoenix in 2005 condo conversions were all the rage. Buy apartment block at say a 9% yield, renovate, seperate title and sell at say a 5% yeild. That profitable strategy lasted for about six months until yeild compression of the available apartment assets eliminated profit after costs. And then it all tanked as condo sale prices crashed. So this is the opposite. And its not a developer forced to rent because they cant get rid of new stock. But existing condo owners (or at least 85%) of them banding together to sell in one line to an apartment provider. But are caps for apartments higher than for condos? Or is this a way to buy an underlying asset at less than replacement cost? Very interesting. Who knows this stuff?

It took us 18 months to sell a $1,500,000 apartment. And the seller couldn’t have been happier. I’ll tell you the story: - We were hired to sell a two-bedroom apartment in Murray Hill. - We got a full asking price offer a few weeks later. - The seller pulled out of the deal when he couldn’t find a house to buy in the suburbs. - Six months later, he decided to rent a bigger apartment in his building. - We managed to resurrect the deal with the same buyer, at the same price! - The seller never had to clean up the apartment again, do an open house, or inconvenience himself. - The seller moved into his new rental apartment and we closed on the sale in the same week. Managing complicated deals like this are our specialty. Creating happy sellers is, too.

🌟 Condo vs. Co-op: Navigating NYC Real Estate 🏙️ New York City's real estate market offers two main housing options: condos and co-ops. 🏢 Each comes with unique advantages and challenges, so understanding their differences is essential. 🔹 Condos: Own your unit outright and share common areas. Easier approval, flexible financing, and higher resale value. Ideal for rental income. 🔹 Co-ops: Buy shares in a corporation, with strict board approval. Generally more affordable but with higher upfront costs and stricter subletting policies. Great for long-term value in desirable areas. Key differences: Approval process Financing options Monthly fees Resale & rental potential 🏠 Which is right for you? It depends on your lifestyle, finances, and goals. For personalized advice, contact us at 646-300-2012 for a free consultation. 📞 Contact: Colin O'Leary, founder of The Big City Team at Berkshire Hathaway HomeServices. 👉 Watch the full video to dive deeper into NYC's condo vs. co-op market! #NYCRealEstate #RealEstate #NewYorkCity #CondoVsCoop #HomeBuying #RealEstateTips #BHHS #BHHSRealEstate #TheBigCityTeam #BerkshireHathawayHomeServices

Deciding between a condo and a townhouse? 🏠 From lifestyle considerations to financial implications, find out which option suits your needs best! 💡 https://lnkd.in/g24zvGmf 🌻 First Team Real Estate ⭐️ DRE 02021206