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real estate: Elika Associates Expands to Offer Buyers Representation in Brooklyn - 12/07/11 09:00 AM
Elika Associates, The first New York City real estate company exclusively for buyers, has expanded to offer buyers, representation throughout the borough of Brooklyn. Brooklyn home buyers and investors will now be able to enlist an exclusive buyer’s broker to look after their best interests.
“This is a testament to our innovative approach to representing buyers only,” says Gea Elika, Principal Broker with Elika Associates. “We are seeing a strong demand for buyers representation in Brooklyn, and we look forward to offering undivided loyalty and unsurpassed customer service to home purchasers entering the Brooklyn marketplace ”
Joseph Colista, an eight-year resident … (0 comments)
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real estate: Buying and Renting a Home in Austin - 01/02/08 05:49 PM
Austin is often called the cultural capital of the South. The city claims to have more live music acts on a weekly basis than any city in the World. While this is doubtful given its size – 1.5 million people in the greater metropolitan area – it is certainly home to one of the most vibrant music scenes in the country. Money magazine rated it the second best big city in the country to live in. In part because it is home to the University of Texas’ flagship university, which is one of the largest universities in the United States, it … (0 comments)
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real estate: Renting and Buying in Atlanta - 12/15/07 09:59 AM
Right now, Atlanta is one of the most exciting cities in the country. Having been relatively poor during the seventies and eighties, its quality of life has been steadily improving for about two decades now. Since 2000, its median income has been increasing about a thousand dollars a year. For the past six years, its population has grown faster than any other city in the United States. Last year, violent crime was at its lowest levels since 1969. Perhaps the most illustrative statistic, though: More single-family homes have been built here than any other American city for not just the past … (0 comments)
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real estate: Renting and Buying in Boston - 12/11/07 11:51 PM
One of the oldest cities in the United States, Boston currently houses more universities and colleges than any city in the country. Once the home to those that begun the Revolutionary War, Boston today is still the city of champions, with both the Red Sox and New England Patriots sitting high atop a mound trophies and vanquished foes. The city itself has only 573,000 residents and is actually geographically quite small for a major city. But if the borders of the city were set up like New York City or L.A.'s, then the surrounding cities of Somerville, Cambridge, Medford, Arlington, Newton, … (0 comments)
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real estate: The Future of the Housing Market - 12/07/07 06:36 PM
The subprime mortgage crisis has extended itself throughout the economy. According the Congress' Joint Economic Committee, some 3.7 million homes will probably foreclose as a result of the crisis. As of August, according to their figures, 1.7 million of those homes have already foreclosed, and another 2 million are expected during the next two years. Some of the largest names in the financial industry are now subject to multiple lawsuits and are writing off tens of billions of dollars as lost.
What is most fascinating about the subprime crisis' effect on the housing market, however, is the economic geography of the … (1 comments)
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real estate: More Foreign Buyers Increase Demand for New York Real Estate - 11/14/07 12:57 PM
While the dollar has fallen to new lows against most major foreign currencies, most foreign investors have shied away from investing in American real estate due to the subprime mortgage crisis.
Furthermore, the subprime problems are the second major financial crisis in less than a decade that has as its root cause a lack of adequate government regulation and oversight. Hence the large number of economic analysts that have argued foreigners have grown understandably wary of U.S. markets. While the United States used to receive a “transparency bonus” for our famously reliable and detailed economic and financial statistics, the U.S. … (0 comments)
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real estate: Buying Real Estate In New York City - 11/01/07 02:37 PM
New York City is one of the most difficult real estate markets to navigate in the world. Its awe-inspiring size combines with its many idiosyncrasies and unique real estate market dynamics to overwhelm even experienced home buyers.Of the many important details about the New York City real estate market, the co-ops are perhaps the most unique. Though their strict standards for accepting new residents into their buildings have saved New York City a good deal of the turmoil that most of the rest of the country has suffered as result of the subprime mortgage crisis, the process of dealing with a co-op as … (0 comments)
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real estate: The Cost of Living, the Cost of New York - 10/31/07 07:27 PM
Economists in the government are some of the most callous people in the world. When calculating inflation, they take out changes in food and fuel in order to stabilize the monthly and annual inflation numbers. The numbers in this “core index” are then bandied about across the media as the true inflation rate.
That may work well and fine for your favorite international corporation operating out the local Death Star, but for regular people, food and fuel are some of the biggest parts of their budget. Hence the disconnect between the low inflation numbers in the media and your wallet that … (2 comments)
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