Beach Condominium a Good Source of Income

January 12, 2010
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Proper planning is what you need to achieve success in investing. It is very significant that you have to make your plans in investing so that you will be able to end up successful.

You must have your plans in details so that you will avoid missing some important details. It is also important that you have to give your attention and devote some of your precious time in order to succeed.

In planning it is important that you have to determine your purpose for investing such property. Miami Beach condominium is one of the best properties that you can invest in. These condominium units can be your long-term investment, rental property…

Manhattan Beach Tops Million-Dollar Home Sales

March 24, 2009
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The recession may have hit the housing industry resulting to very low median home sales prices. However there are some areas that are still enjoying million dollar home sales. On top of the list is Manhattan Beach which had more home sales beyond the one million mark compared to other communities. The most expensive home sold in Manhattan Beach is worth $6.90 million. Manhattan Beach also topped the number of sales in 2008 with 296 home sales. It is however a reduction from the 2007’s 403 home sales.

The most expensive home was however sold in Hillsborough at $8.26 million. Hillsborough had 274 homes sold in 2008 compared to 384 in…

New York Feels Real Estate Market Pinch

March 16, 2009
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New York City must have felt it was invincible when its real estate industry remained strong compared to the other markets a few months after the housing bubble burst. However, New York City’s real estate market is starting to feel the pinch of the global recession. New York is home to the top global companies, the stock exchange and banks and as NAI Global New York City executive managing director Andrew Simon said, the city has been hit hard by the recession and is starting to feel this with less transaction activities and more space back in the market when they can be easily leased on sold under normal circumstances.

Rent…

Manhattan Harbor Development

February 19, 2009
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The over $1 billion Manhattan Harbor project which involves the development of a 142-acre area along the Northern Kentucky riverfront is expected to give the area’s real estate sector. The project, which is being developed by DCI Properties, the same firm which developed Cincinnati’s Waterfront East, aims to integrate the “great neighborhoods” concept which will include walkable streets, recreational opportunities, visual excitement, historic neighborhoods connection and great public gathering spaces.

Manhattan Harbor will feature 230,800 square feet of retail space which will include neighborhood parks, a marina and a 150-room hotel as well as 2,000 homes. At least 44 acres will be allotted for green space. There will be six housing…

Manhattan Experiencing Housing Market Decline

January 6, 2009
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Manhattan may have enjoyed a thriving expensive housing market even during the start of the real estate slump but it can only hold on for so long. Manhattan, which is known for having the most expensive housing markets, is now bracing for a housing market decline as gleamed from two industry reports.

The dominant housing types in Manhattan are cooperative apartments and condominiums.  The sales for this market amounted to $1.49 million for the fourth quarter of 2008 which is 3.1% higher compared to the same period in 2007.However, a report by the Corcoran Group shows that fourth quarter housing transactions are down by as much 53%.

Miller Samuel Real Estate Appraisers…

Manhattan Real Estate Prices Still Up But Sales Slowing Down

January 1, 2009
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The real estate market for the whole country may have suffered a lag but Manhattan’s real estate prices are increasing compared to the price of real estate last year. Third quarter prices of Manhattan apartments went up by $1.5 million compared to the same period last year.

Sales of condominium units at Manhattan’s Plaza also helped increase the average price of real estate for this year. Another factor being eyed is the few high end market purchases.

However, data from real estate brokerage firms show a slowing down of Manhattan’s real estate market with fewer sales compared to the sales figures five years ago. There are also more contract cancellations this year.…