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Nicholas A Judge-14905's Articles

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  • Battles Loom Over Rent-Controlled NYC Apartments
    With the sale last year of a large number of the city's public housing units, the battle over New York City's subsidized housing was brought into stark relief.
  • What's next for Manhattan Real Estate
    The first quarter of the year was a bad one for the national housing market. Nothing much new occurred, however it was an unabated continuation of last year, which was one of the worst years for the national market on record. In that environment, however, the Manhattan real estate market continued to do OK.
  • Manhattan Remains Stronghold of Nation's Real Estate Market
    As the subprime crisis only gets worse, the nation's housing market is set to suffer the same ignominious fate as it did in 2007. Last year was the worst year for the national housing market since the Great Depression, and the subprime crisis is beginning to give America's financial markets a reputation as the world's chief exporter of recessions. 2008 is expected to be as bad, if not significantly worse.
  • Construction Levels Help Manhattan Rental Rates
    In many ways, 2007 was the culmination of one of the most important periods in the history of New York City real estate. Over the past decade, Manhattan apartments have more than tripled in value. While the rest of the country began to buckle under the pressures of the subprime crisis, the momentum from such a breakneck pace of growth kept the New York City market going strong throughout 2007. Nationally, it was the worst year for housing since the Great Depression; for New York apartments, it was just another solid year of growth.
  • Manhattan Apartment Prices Hit Record Highs
    The first quarter numbers are in for the Manhattan real estate market, and old records have yet again been broken. While the numbers seem surprisingly positive, the overall picture is more complex.
  • Of Stern Bears Could
    The collapse of Bear Stearns has sent shockwaves across the international economy. One of the five big New York investment firms, its demise has had a psychological effect on the economy perhaps greater than its actual direct impact.
  • Renting and Buying a Home in Denver
    Denver has steadily been growing for many years now. Near the heart of some of the best skiing in the world, and the capital city of Colorado, Denver seems to steadily be becoming a more exciting city with each passing day. This constant improvement in the area’s culture and economic infrastructure has pushed the cost of living about ten percent higher than the national average. Fortunately for those looking to relocate there, most of that cost does not stem from high property values. The average price for a home last year was $260,000. This makes it a considerably more expensive city to buy in than most other cities in the rocky mountains, but still much cheaper than most major US cities.
  • Online Scammers Take Advantage of Desperate Renters
    Money and need do funny things to the human mind. What is far too good to be true from an objective perspective can start looking pretty darn realistic after you've spent months awkwardly crashing on friends' couches while you look for a place to live. There were pioneers who traveled west and struck gold during the California gold rush faster than some people can get an apartment in this city.
  • The Future of the Luxury Housing Market in New York City
    For a little over a year now, the strength of the New York City real estate market has been a stark contrast to the national market. As things worsened across the country, the news was either great or just OK for New York City.
  • A Tale of Two Cities
    In New York City, the condominium has been the symbol and substance of the last real estate building boom. As rents and property values soared, the city walked away from its traditional reliance on housing co-ops and into a brave new world of condo building. Though 85% of all apartments for sale are still co-ops, the condo market is the newer of the two. As new buildings full of hundreds of brand new apartments go on the market, vacancy rates rise and fall depending on the success of those new buildings.
  • Fed Report Singles out Manhattan Apartment Market
    If you are looking to buy a New York apartment – especially a luxury apartment – you are already familiar with the disconnect between Manhattan's real estate market and the national market. While most markets are currently in free fall, Manhattan's prices have remained both incredibly high and incredibly resilient. Though some of the market has faced downward pressure on its prices the luxury New York apartment market seems almost fully separated fro
  • New York City Rents Flat in February
    Usually, the beginning of the year sees an uptick in rental rates. There are various boring economic reasons for this seasonal cycle that are really just too dry to get into. Suffice to say, it has nothing to do with landlords falling out of their holiday cheer after a month of saying in December "OK guys, you know what, lower rent for everyone, and eggnog drinks on me!" That never happens. Landlords don't do that.
  • Worries Mount Over the Second Half of 2008
    While the New York City real estate market has sustained itself incredibly well over the past several years, the second half of 2008 is facing a significant possibility of a notable slowdown in market activity.
  • Foreign Demand for US Housing Concentrated on New York City Real Estate
    The falling dollar has made Manhattan apartments an incredible value for those that earn their salaries in foreign currencies. Even the Canadian Dollar is worth more than the US dollar these days. The cheaper it is to buy dollars, the cheaper New York apartments are for those that earn money in yens, euros and British pounds. The lower the price, the higher the demand. This foreign demand has helped support the market for New York City apartments throughout much of last year and will continue to do so in 2008.
  • Where New York City Apartments Fall in the Global Economy
    At the beginning of 2007, when most mainstream economic analysts looked forward to what 2008 would be like, few of them got their predictions right. They all predicted slower rates of growth, both globally and in the US. But their predictions underestimated the effect of the subprime crisis, and for the most part, their predictions were quite off.

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