Real Estate Assets

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Have you been just commissioned to the short term corporate vacation to Manhattan? Or you have been out there for a vacation with your family. The first thing that you would be looking out there is going to be the accommodation where you can stay.  As to define an ideal accommodation you would be searching for a place that is makes it easy for you to live with minimum thought of expenses.

Anna Wintour and Alicia Keys hit New York Fashion Week

In New York City, the condominium has been the symbol and substance of the last real estate building boom. As rents and property values soared, the city walked away from its traditional reliance on housing co-ops and into a brave new world of condo building. Though 85% of all NY apartments for sale are still co-ops, the condo market is the newer of the two. As new buildings full of hundreds of brand new apartments go on the market, vacancy rates rise and fall depending on the success of those new buildings. As the market has slowly but steadily shifted towards a buyer's market again, new worries about the health of the condo market have begun to surface. Owners of many new condo buildings are starting to feel the market pressure come down on them, and are being forced to lower prices in the wake of tougher loan standards and a weakening economy. What is perhaps most striking about the whole trend.