Despite general pricing inflation lately, "the markets do not appear to be suffering from the irrational exuberance that has characterized the end of other expansions,” Transwestern's McNearney says.
Mayor Bill de Blasio is ending the 17-year-old cluster site program, helping non-profit developers acquire the properties to create affordable housing.
The outlook for 2018 remains strong with the expectation for more cap rate compression and even higher pricing, Jeff Rinkov of Lee & Associates says in this EXCLUSIVE interview.
“Prices continue to skyrocket to well over $100,000 per unit in East Orange,” says Kislak's Julie Gralla. “The city is extremely desirable to tenants and investors with two midtown direct trains providing service to and from Manhattan in 20 minutes.”
For high-net-worth investors, the currency-exchange rates overseas may make luxury purchases in some non-US markets a smart move, XE's Mike Diaz tells GlobeSt.com.
Combining vacation benefits or dividends with investing in vacation-rental properties is a new model that can withstand a potential economic downturn, Equity Residences' Greg Salley tells GlobeSt.com.