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 ...
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 ...
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 ...
Brexit's Ripple Effect on the NYC Real Estate Market
JULY 7, 2016 WRITTEN BY
Now that the initial dust has settled from the unanticipated outcome of the Brexit vote in the U.K., the road ahead for Europe is an uncertain one. The first casualty has been the British Pound, which has lost almost 20% of its value since the referendum, reaching lows not seen in 30 years! Banking and retail sectors are preparing for a ...
How Will Brexit Affect NYC Real Estate?
JUNE 13, 2016 WRITTEN BY
What is Brexit and how will it affect real estate here? I will start off by saying I am not an expert in international finance or geopolitical matters. But I have been watching the developments in the UK and am wondering what it means for the New York real estate market. First, Brexit is an acronym for Britain exiting the European Union ...
The Local-Domestic Buyer Returns
MARCH 22, 2016 WRITTEN BY
The New York real estate market has long been considered a safe haven to both the foreign and domestic buyer. In 2014 and 2015 that statement couldn't be more than true. In the last couple years, New York has experienced a tremendous influx of foreign wealth purchasing properties, both commercial and residential, through all-cash ...
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Chanan Hecht is a passionate and determined professional totally committed to achieving everything he does in a productive and positive manner. He works smart to exceed client expectations. Chanan was born and raised on the beaches of Sydney, Australia, where he grew up loving the sunshine and surfing. He has a big heart and always gets great personal satisfaction...