Category Archives: Real Estate Market

HIGH PRICES IN NEW YORK REAL ESTATE

The high prices in the New York City real estate have been celebrated by many investors who think that it will serve to keep the industry’s economic serenity. Many new companies are flocking the industry in pursuit of these good prices which directly implies higher commissions for brokers. The influx of investors into New York is going to change the nature of business in this city. There are many changes to expect from whatever is happening in the real estate sector in New York. Some of the companies that had been there before are making their ways back. They may not cite the high prices as being their reason for seeking slots in the city’s real estate, but it will always be something related to that.

Many companies that were recently established in the New York real estate are now considered as having attained the full growth that is needed for a company to be considered a big real estate company. In other cities and regions, it is not common for companies to achieve the rapid growths same as those that are experienced in New York. Many theories have therefore been created to explain the growths. Some would say that the growths are as a result of the high prices and rates. Others think that the companies that have been able to grow are only skilled in taking full advantage of the economic situation in New York. Town Residential CEO is not of the idea that New York is an economically friendly zone for real estate companies. He argues that companies have earned success through their good management which has enabled them to identify the lucrative side of the sector.

Town Residential was founded in 2010 and has risen through the ranks to be a giant company in New York real estate. It is owned by the same person who established Citi Habitats some years before the founding of Town Residential. Town Residential has a significant client base that it sells the franchise to. Trusting one’s property with an agent company with a vast range of customers can guarantee a quick service.