Lucy Cohen Blatter
ContactPosts by Lucy Cohen Blatter:
Today marks the kickoff of the Federal Reserve meeting that real estate pundits have been talking about for weeks. The big question is whether the Fed will vote for an interest rate hike on mortgages to take effect in June. If they do, should we expect jam-packed open houses and even less inventory? Will NYC apartment prices go through the roof or down the drain? Probably neither, experts say, with the result of the proposed increase being neither apocalyptic nor phenomenal and more "meh" -- with a slight boon for sellers.
Yes, spring is (finally) around the corner, and we're about to embark on the official last weekend of winter. While we can't promise permanently gorgeous weather right away—we've had a taste but will it last?—we imagine your days of 48-hour hibernation are probably nearly over.
So before you go out and actually enjoy this city that you spend so much money to live in, we have some suggestions on how you can make the most of your last few days holed up at home. (Sunday's still supposed to be hovering in the thirties, anyway.)
Ah, the age old rent vs. buy question... This week Suitey's Jennifer Lee weighs in for a prospective buyer who'd like a three-bedroom in a doorman building.
THE WISH LIST:
As it turns out, high-end NYC condo buyers are not all that different than their suburban counterparts. Realtor.com points to several home features luxury house buyers are shelling out for, and as it turns out, a lot of them -- like chef's kitchens and heated floors -- are equally popular with condo buyers here in the Big Apple.
Let's just call it: This Crown Heights bedroom has a bit of a haunted vibe, but what do you expect for $800 a month? At the moment there are only two Brooklyn listings on StreetEasy for under $1,000, so if that's your budget, we suggest you channel your inner Goth.