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Should We Be Buying or Renting in Manhattan?
February 25, 2016

    Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...

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The State of the Apartment Market
February 23, 2016

Luxury median sales prices surged by 25% to over $6MM from Q4 2014. New Development closing sales prices rose by 15.37% to $2,059,411 Closing time to close deals has fallen by 21.9% to 82 days, from 105 days in Q4 2014   The fourth quarter Manhattan market ended seeing fantastic price movement. Median sales prices rose 17.3%,...

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Finance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016

The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)!   Tax Revenues to grow to over $211 Billion due to new inventory by FY2017.   Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested.   Commercial property...

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The Fed Rate is on the Rise. Is Your Mortgage?
December 18, 2015

First, it’s important to know that the  Fed Target Rate  is less directly connected to mortgage rates. It also seems like this hike had been anticipated and mortgage rates have had time to prepare. In fact, as the Fed announced the target rate went up, mortgage rates actually moved slightly lower. This is good news, and most lenders still quote...

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At Oxford, we realized that we could empower our agents by providing them the best resources and access to everything they need to do business quickly and efficiently without having to worry about massive company overhead. As a result, we were able to draw in over 400 of the top agents in New York.

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