NEW YORK CITY--Are we poised for another 2007? In the most recent installment of the Knakal News Network, Robert Knakal, chairman of Massey Knakal Realty Services, discusses the factors underlying the New York realty market in 2014, and shares his to prediction for the upcoming year.
2013 saw property values reach all-time peaks across all sectors, mainly due to a lack of supply and an influx of investment capital. With underlying fundamentals poised to strengthen in 2014, Bob Knakal believes the real estate market could approach the banner year of 2007.
Also discussed in the video:
- The potential for political disruptions with the upcoming midterm elections as well as the possible policy shifts of the de Blasio administration.
- The effect of the capital gains tax in leading up to the markets in 2012 and 2013.
- The outlook for sales volume in 2014
To view the full video “Real Estate Predictions for 2014,” click here. For Other videos from the Knakal News Network, click here.
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Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
