Tag Archive: co-op

Manhattan Real Estate Overview and Mortgage Rates

February 28, 2014 by Leave a comment

Manhattan continues to be one of the most active and competitive real estate markets in the U.S., if not the world. Manhattan real estate continues its march upwards, with Douglass Elliman reporting that the average Manhattan co-op & condo sale price reached $1,538.203 in the fourth quarter of 2013 with nearly 3300 sales, up over 7 percent from... View Article

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High Living Brings Flood of Problems

February 20, 2013 by Leave a comment

Redrawn New York Flood Maps Prompt Many to Purchase Flood Insurance In 2007, FEMA began redrawing the flood-zone maps in the greater New York region; perhaps spurred on by hurricane Katrina in 2005.  The result is that some areas that were once considered low-risk have become high-risk. That means borrowers in the high-risk zones must... View Article

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