Lou Holtz Talking the Talk

 “Your talent determines what you can do. Your motivation determines how much you’re willing to do. Your attitude determines how well you do it.” 

― Lou Holtz

"New York City Real Estate Rebounds"

 Property buying in the suburbs is starting to wane. I thought for those making the leap into unknown areas, probably would have been best to rent initially, get a lay of the land and determine if it's a good fit for your family.

Brooklyn has shown some relative strength, it's certainly where we've been busiest. Over the last two weeks we're starting to see things pick up in Manhattan as well.

https://www.nytimes.com/2020/10/09/realestate/new-york-city-real-estate-return.html

Go Brooklyn!

 I'm glad to see the data is supporting what we've been experiencing. We are running on fumes in Brooklyn, meaning we are busy!

The New York Times: Home Sales Surge in Brooklyn.

https://www.nytimes.com/2020/09/24/realestate/brooklyn-real-estate-sales.html

Should you be wary of dual agency?

 https://www.dos.ny.gov/cnsl/dualagcy.html

Brooklyn townhouse Market remains strong

 The Real Deal: Pricey Park Slope townhouses drive dealmaking in Brooklyn.

https://therealdeal.com/2020/09/09/pricey-park-slope-townhouses-drive-dealmaking-in-brooklyn/

Currently Rates (Wells Fargo)

Current Mortgage Rates for NEW YORK COUNTY, NY

Jumbo

Loan Type MI Type Interest Rate APR

Jumbo 30-yr fixed 2.875% 2.926%

Jumbo 15-yr fixed 2.625% 2.700%

Jumbo 5/1 ARM 2.250% 2.538%

Jumbo 7/1 ARM 2.250% 2.505%

Jumbo 10/1 ARM 2.500% 2.581%

No Sleep Till Brooklyn

We've actually been quite busy in Brooklyn, couple of townhouse deals, three accepted offers over the last 10 days...

The Real Deal: Brooklyn’s luxury market reaches new pandemic high.

https://therealdeal.com/2020/08/04/brooklyns-luxury-market-reaches-new-pandemic-high/