2017 Real Estate Market Outlook
JANUARY 2, 2017 WRITTEN BY
I would like to wish everyone a healthy and prosperous New Year! With the holiday season behind us, I am focusing my attention on what may lie ahead of us. The Federal Reserve raised their benchmark for interest rates. Additionally, they signaled that 2017 will see more rate hikes as data on the economy becomes available throughout the ...
2016 Agent Awards!
DECEMBER 13, 2016 WRITTEN BY
2016 was a monumental year for LG Fairmont. Thanks to everyone in the LG Fairmont family for their amazing contributions to our continued success. We recently held a celebration to honor some of our top performing agents for 2016 and would like to take a moment to congratulate them again for their hard work. Here are LG Fairmont’s ...
NOVEMBER 17, 2016 WRITTEN BY
I have titled this piece ‘Uncertainty’ to reflect the current state of the housing market. With the election behind us, there have been simultaneous divergences in the financial arena. The stock market has roared to new highs presumably on the outcome of the election. Conversely, the bond market has experienced a dramatic decline in ...
What You Need to Know about Renting an Apartment in NYC
NOVEMBER 16, 2016 WRITTEN BY
The biggest shock to most NYC newcomers is that they have to pay a broker (me!) to find them a rental, which is not the case in most major cities. In NYC, there are hundreds of landlords and management companies. Apartment listings are often not advertised to the general public and are only in listing databases accessible to licensed ...
Is NYC a Buyer's Market or Seller's Market?
OCTOBER 31, 2016 WRITTEN BY
The most common question I am asked by all of my clients in regards to the NYC real estate market is whether it is a buyer's market or a seller's market. Right now, the answer is that leverage is currently in the hands of the buyer, especially given the increase in supply over the last few months. Available units are currently ...
Looking to Move?
AUGUST 29, 2016 WRITTEN BY
Summer is coming to a close. Soon school will be back in session and your regular routine will start again. You wanted to wait until summer ended so as not to disrupt your family’s vacation time. Now you are thinking about moving to a bigger space. Where to begin? The summer months are normally the slow period in real estate. Parents ...
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Mordechai (Moti) Samoohy
"Shopping for a place to live can be enjoyable, invigorating, and the start of a fresh beginning. I fell in love with real estate from the investment perspective growing up in a family involved in the NYC market. My goal with my clients is to blend the concept of investment value with the emotional satisfaction of home." Moti is a native New Yorker with...