The young and wealthy are picking cities over the suburbs that their parents have embraced for so many decades. With this significant shift in the outlook towards large cities, populations are continuing to swell in urban neighborhoods, with municipalities attempting to keep up with infrastructure needs.
Guest post by Erica Keberle, Brooklyn-based Real Estate Agent with Rahmé Real Estate and the founder of Major Jacks. She gives Blooming Sky a behind the scenes look to real estate staging in New York City with her latest project at 651 New York Avenue is Prospect Lefferts Gardens, Brooklyn.
Buying and renting each have their pros and cons. We take a look at the benefits and drawbacks of each option and help you understand when it might be worth renting as opposed to buying.
As the economy continues to improve across the United States, big cities are facing massive housing shortages. With more people moving to cities and staying in pursuit of careers and families, populations are outgrowing the supply of housing. This trend is having consequences on infrastructure and also making home prices run away from potential buyers.
Co-ops are the new condos. With demand from international investors reaching record highs for condos, many apartment buyers have been priced out of the condo market. The co-op market is benefiting from this shift and it is resulting in a resurgence in the demand for co-op apartments across NYC.
For New Yorkers looking for a profitable investment opportunity, luxury real estate is where it’s at. New Yorkers are coming down to Miami to thaw out, and to buy luxury property of a different sort. With breathtaking views of the water and entertaining areas that can be enjoyed year round- Miami condos, waterfront mansions and rooftop penthouses are a popular option for New Yorkers looking for a change of scenery.
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