TOWN Residential Runs An Analysis Of Fourth Quarter Real Estate Numbers In New York
TOWN Residential is a New York developer who participates in commercial projects, residential projects and helps sell private homes to its clients. The firm itself is committed to the New York market, and they release The Aggregate every quarter to share their analysis of real estate numbers in the city. The fourth quarter of 2015 was quite substantial, and the fourth quarter has something to say about the coming year in 2016. This article explains what TOWN Residential believes will happen in 2016.
#1: The Fourth Quarter Was Intense
The fourth quarter in New York real estate was so substantial that numbers were still on the rise in certain parts of the city. Volume was quite high, and buyers were still paying quite a lot of money for all their purchases. TOWN believes that prices in the city will begin to flatten out over time, but the prices will still remain quite high. Someone who has a building on the market will garner a high price, but that price is not likely to rise again.
#2: Buyers Are Not Losing
Buyers are not losing money while searching for the perfect building or home. Buyers had an honest fear in 2015 that prices would rise too much in a day to make waiting affordable. Buyers in 2016 may take their time to make a decision, and the prices on the market as a whole will not shoot up overnight. TOWN sees a much calmer year for its residential buyers, and its commercial buyers need not spend their money immediately in order to garner savings.
#3: Prospects For 2016
Virtual Strategy Marketing first reported these numbers, and their article states that 2016 will be a strong year for real estate in New York City. Prices are already quite high, but there is no reason for anyone to believe that prices will continue to rise. The high prices in the city have broken records recently, and the records will not fall again. The housing market in New York is bullish, but it is not out of control.
TOWN Residential created a stellar report on real estate in New York, and their magazine shows that prices have reached a plateau. Their analysis of the situation offers hope for buyers and sellers in the city. Sellers will make quite a lot of money, but buyers will not continue to spend more money every day they wait to buy.