Blog :: 02-2023

The latest in listings, Real Estate news, and How-To's

$40 Million Sale In NYC For Our Luxury Team!

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We are pleased to announce that Kurt Yang represented the buyer of a $40,000,000 transaction in New York and CASTLES(R) Luxury is off to a great start!
Kurt has worked diligently to ensure that the buyer received a fair and equitable deal and his hard work has paid off. Please join us in congratulating Kurt on this milestone achievement.
We have high expectations for CASTLES(R) Luxury, and we are confident that this accomplishment is just the beginning. We look forward to celebrating more successes in the future.

Why You Shouldn't Fear Today's Foreclosure Headlines

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If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure …

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a

Billionaire Julian Robertson Jr.'s Full-Floor Co-Op Listed for $30M

The Manhattan residence of hedge fund pioneer Julian Hart Robertson, Jr. surfaced on the open market this winter. The property, which features stunning views of Central Park through the soaring, arched combination windows and terrace-access French doors that line the exterior wall of its living room, is currently listed at $30 million on the nose.

Click here to view the full listing.

What's Really Happening with Home Prices?

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Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared…

Pre-Approval in 2023: What You Need To Know

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, …

Have Home Values Hit Bottom?

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Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in [...]

Jennifer Lopez's Home On the Market for $42.5M

The home of singer and actress Jennifer Lopez has gone ON SALE for a market price of $42.5 million. This countryside-inspired 1940 8-acre home has everything you are looking for.

Click here to see the full listing:

Think Twice Before Waiting for 3% Mortgage Rates

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press …

What Past Recessions Tell Us About the Housing Market

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in-depth, let’s lean on the experts and what history tells us to see what could lie …

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