Brooklyn’s fast-climbing home prices make it nearly as expensive as Manhattan
Transaction volume strongest in years, even with diminished supply
Graphic demonstrates depth of Manhattan inventory
Bicycles becoming new amenity in some buildings
Permits for new residential buildings skyrocket in first quarter
In this seller’s market, every minute counts
So does the right strategy in a bidding war
(Flickr photo by allie_caulfield)
The foreign buyers you read about who are purchasing super-luxury apartments that are sky-high not only in location don’t concern themselves with financing their purchases.
Nor do those whose chief interest is to park their funds in a safe place seek out lenders. (Of course, foreign buyers may have in mind a safe haven for their funds as well as a desire to increase their investment with financing assistance.)
But for foreigners who want a modest pied-à-terre or perhaps housing for their children attending school in the U.S., a mortgage can be important.
They may be able Continue reading
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