Gea Elika's Blog, page 27
April 26, 2024
Soaring Dollar: A Boon or Bane for Manhattan Real Estate?
The US dollar has been on a tear recently, flexing its muscles against a basket of major currencies. Compared to the beginning of 2022, it’s seen significant appreciation: a roughly…
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NYC Condo/Co-op Housing Market Shift: Opportunities for Buyers?
The frenetic pace of the Manhattan real estate market appears moderate, offering a glimmer of hope for prospective buyers. While the city that never sleeps rarely rests entirely, data suggests…
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April 25, 2024
Understanding Buyer’s Vs. Seller’s Markets in Real Estate
Imagine you’re about to buy your dream home. Will you face bidding wars and fierce competition, or will you have a more comprehensive selection and room for negotiation? The answer…
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How Long Does a Mortgage Pre-Approval Last
The journey from dreaming of a new home to unlocking its doors involves a pivotal step: mortgage pre-approval. Amidst the excitement of envisioning a future abode, prospective buyers often overlook…
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Stagflation Looms: A Perfect Storm Brewing in the Housing Market?
The recent economic data release sent shockwaves through financial markets, igniting concerns of a dreaded economic phenomenon: stagflation. Gross Domestic Product (GDP) growth for the first quarter of 2024 stumbled…
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Claire AI vs. Conventional Human Agents: Buying in the Age of AI
Innovation is the game’s name in the fast-paced world of real estate. With the introduction of Claire by reAlpha Tech Corp., the real estate industry is witnessing a groundbreaking shift…
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JUST IN: President Biden Proposes Changes to Capital Gains Tax
President Biden has unveiled a proposal to significantly increase capital gains tax rates, potentially reshaping the landscape of investment and real estate markets. If approved, the plan would mark the…
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April 22, 2024
Mortgage Rate Locks: Anchoring Your Dreams
Vying for a home loan in today’s market can feel overwhelming. Interest rates fluctuate constantly, impacting your monthly payment. A mortgage rate lock can be your anchor in this sea…
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DIY Approach: Why Real Estate Agents Remain Essential
The siren song of the self-made life extends far beyond artisanal sourdough. In the age of online marketplaces and readily available information, the real estate industry has witnessed a rise…
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Home Hunting Must-Haves Checklist in NYC
New York City is a vibrant tapestry of cultures, iconic landmarks, and an ever-evolving landscape. Yet, for many, the dream of calling this metropolis home can quickly morph into a…
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