Ken Browne Real Estate

Manhattan's real estate market has seen record sales enter into contract over the past month compared to the same period last year (pre-pandemic.) Will this activity mean increased sales prices? Well, that remains to be seen. My guess is no, in the short term. https://www.bloomberg.com//manhattan-apartment-buyers-come

The real estate community is preparing for the inevitable NYC arrival of Covid-19.

Trump’s Central Park Condo Tower may lose its name. https://bisnow.com//trump-international-hotel-and-tower-ma

Thought I would share this gem of an apartment with friends first before putting up the listing. I have an off-market 2-Bedroom/1-Bath RENT STABILIZED rental in Prospect-Lefferts Gardens, Brooklyn just two blocks from Prospect Park and two blocks to the Q, 2, & 4 trains that will be coming on the market in August. It will be priced at $1800-1900 and won’t last! Tree-lined street. Fantastic location. Please share and contact me ASAP if you or you know someone that may be interested.

If you’re thinking of moving to New York or to a different neighborhood... https://ny.curbed.com//new-york-city-neighborhood-tips-adv

Is the Recent Tax Reform Playing a Role in the Decline of Home Sales? Yes, it is and here’s why: https://libertystreeteconomics.newyorkfed.org//is-the-rece

Since 2009, mortgage debt is up 3.2% while student loans are up 102%. That’s the highest debt exposure for young adults since late 2007. This undoubtedly effects spending habits and more specifically their ability to acquire mortgages. https://www.bloomberg.com//millennials-face-1-trillion-deb

Hamptons Listings Surge 82% in a Year, Pushing Home Prices Lower. Yet, in one neighborhood there, prices rose. Lesson: Don’t underestimate the power of micro-markets within a market. https://www.newsmax.com//hamptons-li/2019/01/24/id/899688/

National housing data is not looking good, as well.... https://www.google.com/url

Manhattan Home Prices See Sharpest Drop Since 2009. https://therealdeal.com//manhattan-home-prices-see-sharpe/

Rockefeller Center’s magnificent Christmas tree in all of its beauty.

A Renter’s Dream Come True https://www.nytimes.com//finding-her-place-at-westbeth.html

The New Normal: It’s a Buyer’s Market https://www.nytimes.com//the-new-normal-its-a-buyers-marke