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NYC Real Estate Market Expected to See Strong Growth in 2025

Manhattan apartment sales increased 29% during the first quarter compared to the same period in 2024. There were 2,560 closed sales in the first quarter, and the total value of apartment sales increased even more, reaching $5.7 billion, up 56% over the same quarter last year. 1 Mortgage rate is an important force that drives the market trend. Even though by January 2025 the average rate for a 30-year, fixed-rate mortgage exceeded 7% for the first time since last May, rates saw a slight decre...

Tags: 2025 Property Trends, Brooklyn Housing Market, Future of NYC Real Estate, Luxury Real Estate NYC, Manhattan Real Estate Forecast, New York City Housing Market, NYC Home Prices, NYC Investment Properties, NYC Real Estate 2025, Real Estate Growth NYC

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Vacation Paradise Spotlight: Galveston Island

Galveston Island Vacation: Discover the Perfect Coastal Escape Galveston Island, a historic gem nestled on the Texas coast, offers a unique blend of sun-soaked beaches, rich history, and vibrant attractions, making it a perennial favorite for vacationers. Just a short drive from Houston, this barrier island provides an accessible escape with a distinct character, appealing to families, couples, and adventurers alike. Beyond its allure as a travel destination, Galveston Island vacation opportu...

Tags: AirBnB, EverHouseRealty, Galveston, GalvestonIsland, HistoricGalveston, IslandLife, RealEstateInvestment, TexasBeaches, TravelTexas, VacationRental, VRBO

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RECENT COURT DECISIONS BRING MAJOR CHANGES TO DUAL AGENCY

There is increasing urgency to change the way dual agency works. The March 2024 antitrust settlement in Moehrl v. National Association of Realtors (“NAR Settlement”) has had a major impact on the real estate industry and how agents structure their business.1 The National Association of Realtors (“NAR”) has agreed to a $ 418 million dollar settlement. A game changer for the industry.2 The NAR has begun implementing changes as a result of the antitrust lawsuit. They are making changes to...

Tags: Agent, Broker, Buyer, Conflicts, Conflicts of Interest, Dual Agency, Land Sale Agreement, Landlord, Listing Agreement, real estate, Realtors, Rental Agreement, Seller, Tenant

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