New York real estate is in a bit of a market slump.
But there are still a few gems to be found for sale.
According to the Zillow Home Buyer Report released last week, the number of new listings for new-build apartments in New York City rose by almost 4 percent last year to 815,000 units.
That number was up from 785,000 in 2015.
Zillovision’s Zillower, a data-driven marketplace, found that in the second quarter of 2018, there were 8,200 new-home sales, a jump of more than 15 percent.
Zellers figures also show that New York has the highest vacancy rate in the country, with about 2.7 percent.
The city has also seen a rise in the number and number of people buying homes on the market.
For the first time, there are now more people in the city buying a home than renting one.
“The average number of units per person in New Yorkers city is now nearly 4,000, up from 4,100 in 2018,” Zillowers report said.
“While some of the new listings are on the low end, they still account for nearly 20 percent of the market.”
“New York’s real estate market has reached a point where it is truly unaffordable for many families,” said Zillowitz.
“We can no longer afford to be a city of two-bedroom homes and one-bedroom apartments, or even a city that offers single-family homes to single-parent families.”
New York realtors have a strong track record in their field.
Zovid and his team at Zillogic have been in business since 1994 and are considered among the best real estate agents in the world.
They offer a wide range of services and solutions to help people with real estate issues, including appraisal and mortgage advice, loan and tax preparation, and home inspections.
“In the past, the market has seen significant volatility,” said Mr. Zovi.
“This time, however, we have seen an unprecedented uptick in the demand and demand has been very robust.”
In a letter to clients, Zovids chief operating officer, John S. Zobler, said, “We believe that a growing number of investors are becoming more willing to pay higher rates on their homes because of the lower rates that are on offer.
We are pleased to see a growing demand for this product.”
Zovid’s home price index rose nearly 2 percent last month, which was the fastest pace in a year.
While this is not a record for New York, it is still a huge jump from the year before.
Zoligz home price rose by more than 6 percent in 2015 and more than 11 percent in 2018.
Zomberg said he is not surprised at the increase in demand for Zovidy’s products.
“For the past five years, the Zovizy products have been sold in the largest markets, but the demand has grown tremendously,” he said.
In addition to being an asset manager and a real estate agent, Zovi also has a passion for music and music education.
He has a three-month free course called Music for Entrepreneurs, which he teaches at his home.
“It is an intensive curriculum that covers everything from music production to performance to education to business management,” he explained.
“I also teach classes in business and economics and I have classes in music.”
Zovi also is a musician, who plays in the music band, Temptations, with his band members.
“There is an amazing talent in our band,” he told the New York Times.
“If you have the right background and a good work ethic, you can be a very successful musician.”