market-analysis
WHAT’S MOVING THE MARKET?
Dear Clients and Friends, For this edition of the Novack Team Update we thought it would be helpful to dive into some of the most top-of-mind factors for those reflecting on the current and future NYC market... Interest Rates: What do ...
WHAT IS DRIVING THE NYC RESIDENTIAL MARKET’S SUCCESS?
Dear Clients and Friends, As we approach the end of 2021, we hope you find the Novack Team Update below informative in taking stock of the NYC Residential market this year. What is Driving the NYC Residential Market’s Success? Investab...
September Market Update
Dear Clients and Friends, As we enter the post Labor Day selling season we hope our summary below is helpful in keeping you up-to-date on the New York City residential market... Market Snapshot: New York City is experiencing strong dem...
Current State of the Market
Dear Clients and Friends, As we move into 2021 we thought it would be helpful to provide an overview of the current NYC residential market based on both our personal experience and market data... We are seeing a relatively strong recovery i...
Market Matchmaking
Dear Clients and Friends, For this edition of the Novack Team Update we’ll be focusing on the state of market as we assess 2019 and look forward to the year ahead… The number of sales declined by 1.2% in 4Q19 vs. the same peri...
Why We are Bullish on NoMad
Why We are Bullish on NoMad Dear Clients and Friends, For this edition of the Novack Team Update we’ve chosen to focus on NoMad, a neighborhood which we believe offers a unique combination of residential and commercial appeal, coupled...
Spring Check-Up
SPRING CHECK-UP Dear Clients and Friends, For this edition of The Novack Team Update we’ll be taking a closer look at the state of the market and its underlying drivers… 1Q19 Market Overview While the overall Manhattan absorpt...
Why You Should be Paying Attention to Hudson Square
Why You Should be Paying Attention to Hudson Square Hudson Square has undergone a transformation from an oft-ignored commercial enclave to an increasingly attractive destination to live and work. The area’s growing appeal and potential f...
THE PAST, PRESENT, AND FUTURE OF REAL ESTATE TAX ABATEMENTS
THE PAST, PRESENT, AND FUTURE OF REAL ESTATE TAX ABATEMENTS Although a significant number of New York City condominium owners enjoy reduced real estate taxes due to the 421a tax abatement program, many are less informed on the specific det...
GOOGLE AND J.P. MORGAN COMMIT TO NEW YORK
GOOGLE AND J.P. MORGAN COMMIT TO NEW YORK Although we generally focus on apartment and townhouse sales, in this edition of the Novack Team Update we will cover two significant office developments since the strength of the New York City resid...
NYC AND THE NEW TAX BILL
NYC AND THE NEW TAX BILL The new tax bill which became effective January 1, 2018 has been at the top of buyers’, sellers’, and pretty much everyone’s mind. While it is necessary to consult with a tax professional to assess how the v...
State of the Market
STATE OF THE MARKET Many of our clients are questioning whether an oversupply of 'aspirationally' priced new development units has led to a market bound for further price reductions. While it’s worth noting that at the present pace ...
Back to School
One of the primary considerations for many of our clients when making a home purchase is ensuring the accessibility of excellent schools. School proximity is not only a factor for families with current or expected children, but also a dr...