Beginning the new year in Manhattan - there's a lot of sale and rental activity in all budget ranges - not just the high-end as most publicized. This has been one of the busiest January's - in keeping with the stronger market we've experienced in recent years.
Nay sayers - I believe they are sitting still in their rental apartments waiting for that magical time when they will finally purchase a home which never seems to happen...yet watching each year pass and seeing nothing at the end of it except the state and a landlord getting wealthier off of their hard earned money.
What's new? Importantly there is a new agency disclosure form that just went into effect this month. Currently it applies to 1 - 4 family dwellings. However, there is legislation that has been introduced in Albany to have the disclosure form apply to cooperatives and condominiums which of course represents the majority of property in Manhattan. Stay tuned for further developments.
And the story of the Real Estate Board of New York and the Public Portal continues to be source of a) annoyance to many; b) consternation to some; and c) not even worth thinking about by others.
