by Victor Jung | Oct 20, 2021 | Real Estate, Victor Jung
The year 2020 was easily one of the most difficult ones we have witnessed in the last decade or more. It also went on to transform real estate needs and perceptions and has had a significant impact on the sector through2021. This has been particularly prominent for...
by Victor Jung | Oct 20, 2021 | Financing, Real Estate, Victor Jung
If you have any interest in real estate investing, you might probably know about the name Fannie Mae. The largely successful entity became so popular that it led to the formation of another similar entity that goes by the name of Freddie Mac. Fannie Mae and Freddie...
by Victor Jung | Oct 20, 2021 | Financing, Real Estate, Victor Jung
You have probably heard of Fannie May. Officially called the Federal National Mortgage Association, Fannie May is a government-sponsored enterprise that was founded by Congress in 1938. The association was part of the New Deal formed during the Great Depression and...
by Victor Jung | Sep 23, 2021 | Cannabis, Real Estate, Victor Jung
Recreational marijuana has been legalized in New York State. Surprisingly, this may have a massive effect on the state of the real estate market in New York City. How will marijuana legalization impact NYC real estate? Here’s everything you need to know. Increase in...
by Victor Jung | Sep 22, 2021 | Financing, Real Estate, Victor Jung
In 2020, it was reported that that the COVID-19 pandemic caused housing demand to shift in New York City. More and more people began to move from the city to the suburbs and sales volumes of suburban homes increased by 19% compared to the previous year. In comparison,...
by Victor Jung | Sep 20, 2021 | Financing, Real Estate, Victor Jung
Employers were quick to shift their staff to remote work when the coronavirus started to take hold over the nation. This was extremely true in New York City which was the epicenter of the pandemic. However, more than a year later, the vacancy rate is still sitting at...
by Victor Jung | Sep 17, 2021 | Financing, Real Estate, Victor Jung
As leases hit a new high this year in New York, discounts are running out. In fact, realtors are watching COVID discounts dry up as vacancies fill up in NYC. More Apartments are Being Leased in New York City New apartment leases have set an all-time high for the last...
by Victor Jung | Sep 15, 2021 | Real Estate
These are the 2021 real estate trends you should watch out for this year. 1. Sales After the Pandemic While most though that post pandemic sales would result in a falling real estate market, experts are uncertain. There is prevailing uncertainty about the market...
by Victor Jung | Sep 13, 2021 | Uncategorized
Right now, with the pandemic still in effect and the delta variant terrorizing the world, things seem uncertain for NYC real estate. Small Businesses in NYC Facing Pandemic Altered Landscape The city’s small businesses have faced a challenging 2021. International...
by Victor Jung | Sep 8, 2021 | Real Estate
New York City is home to some of the most famous buildings and landmarks in the United States. Billionaires Row, in particular, has caught everyone’s attention as the city’s symbol of riches and ultra-luxury apartments. Towards the end of 2020, these lavish...
