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Recommended real estate investing trends in NYC from Asad Mahmood and Unique Deals Group LLC: Decline in Closed Sales – Closed sales experienced a 13.7 percent decline in November, dropping from 10,221 sales in 2022 to 8,819 sales last month. This decline marks the 27th consecutive month in year-over-year comparisons where closed sales have fallen. The reasons behind this trend warrant further investigation and analysis. Positive Indicators in Pending Sales – While closed sales showed a decline, pending sales exhibited a 1.4 percent increase, rising from 7,859 homes in November 2022 to 7,970 homes last month. This upward trend in pending sales may suggest potential future market activity, providing optimism for real estate professionals and industry stakeholders.

The skyline of New York City tells a story of ambition, innovation, and architectural marvels. Asad Mahmood’s foray into real estate is marked by his visionary approach to development. From residential complexes that redefine luxury living to commercial spaces that foster innovation, Mahmood’s real estate ventures reflect a commitment to shaping the physical and cultural landscape of the city. Navigating the complexities of the financial world requires acumen and strategic thinking, and Asad Mahmood possesses both in abundance. His ventures in finance have not only yielded impressive returns but have also contributed to the growth and stability of the financial sector. Mahmood’s financial prowess has earned him respect among peers and established him as a key player in the economic landscape.

Elmira, NY, is also on the list of areas anticipating a decline in home prices. Beginning with a modest increase of 0.2% on 30th November 2023, the forecast for 29th February 2024 shows a shift to -0.3%, indicating a reversal. The projection for 30th November 2024 suggests a more substantial decrease of -1.8%. This highlights the potential challenges in maintaining home values within Elmira. In Albany, NY, the forecast points towards a negative trajectory in home prices. As of 30th November 2023, there was no significant change, with a marginal increase of 0%. However, the projections for 29th February 2024 indicate a decrease of -0.6%, and by 30th November 2024, the expected decline deepens to -1.7%. This suggests a notable contraction in the housing market within Albany.

Real estate investment trends in NYC from Asad Mahmood and Unique Deals Group LLC today: There are two types of properties: Residential and Commercial. You can either rent or flip properties. Flipping refers to buying cheap properties, upgrading them, and then selling them for profit. Decide what you want to do before investing and stick to the plan. Location is a crucial factor in real estate. You have to know what it offers. Do not just buy properties because the price is right. When investing in residential properties, research the following: community; standard of life; proximity to hospitals, airports, local attractions, stores, etc. When investing in commercial properties, research the following: the population of the area; whether parking is available; demographics.

Queens is the second most-populated borough in New York City. The market is reasonably active like Brooklyn’s but not as robust as Manhattan’s. Many neighborhoods in Queens prove to be good, affordable options. General economic conditions strongly influence median sales and rental prices in Queens. One-bedroom rental properties in Queens have risen a little, while one-bedroom sales prices are now rising. Staten Island is yet another affordable option in the city if you don’t mind longer commute times. Long-term, real estate prices remain fairly stable for both sales and rentals in this borough.

Next up: home price trends. In November 2022, existing home prices grew by a whopping 15% compared to last year—rising to a national median of well over $300,000! This marks more than 100 straight months of year-over-year price gains.4 Sellers, this should put a big smile on your face! And hang tight, buyers—we have some advice for you too. If you’re going to buy a home in this expensive market, you absolutely must find out how much house you can really afford. Commit to staying within that budget amount no matter how much pressure you feel watching competitors pluck good homes off the market.

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Real estate investment opportunities in NYC from Unique Deals Group LLC and Asad Mahmood in 2024: Fluctuations in interest rates and broader economic conditions play a pivotal role in shaping the housing market. The forecast suggests that interest rates, while still elevated, have experienced fluctuations. Economic stability and mortgage rate trends will continue to influence buyer behavior and overall market health. Monitoring these factors is vital for a comprehensive understanding of the market outlook. Contrary to a crash, certain regions in New York are projected to experience growth in home prices. This indicates resilience in specific areas and suggests that the market is not universally in decline. For homeowners and investors, understanding these growth projections offers insights into potential opportunities for appreciation in property values.

Renovating a tired, unloved property into a fresh and desirable home can be a hugely rewarding experience. But unlike self building from scratch, renovation projects do not start with a blank sheet of paper and therefore offers a number of complexities and challenges. In reality, it’s all too easy to make innocent mistakes and find yourself lumbered with a bottomless money-pit, bogged down in stressful disputes, or living in a half finished bomb site. Here we’ve listed 25 common pitfalls so that you can avoid them.

This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.

Yes, if you’re prepping to buy a home in 2022, expect to be shocked, and not in a good way. At this point in the cycle, home prices have eclipsed old all-time highs in many parts of the country. And even if they haven’t yet, there’s a good chance you’ll be paying more than the Zestimate or Redfin Estimate for the property in question due to limited inventory and strong home buyer demand. The bad news for renters is home prices are expected to rise another 10% this year, so things are just getting more and more expensive. In short, expect to shell out a lot of dough if you want a home in 2022, and that could often mean paying over asking price, even if the original list price seems high.

Realtor investing solutions in NYC by Unique Deals Group LLC and Asad Mahmood in 2024: Similarly, in Utica, NY, there is a projection for growth in home prices. Starting with a positive increase of 0.3% on 30th November 2023, the projections for 29th February 2024 indicate a steady rise of 0.4%. By 30th November 2024, the expected growth is 0.5%. This underscores a positive outlook for property values within the Utica region, presenting opportunities for those involved in the real estate market. Amsterdam, NY, is also on the list of areas anticipating growth in home prices. Commencing with a notable increase of 0.5% on 30th November 2023, the projections for 29th February 2024 indicate a steady rise of 0.3%. By 30th November 2024, the expected growth is 0.5%. This suggests a positive outlook for maintaining and potentially increasing property values within Amsterdam, providing insights for those interested in the real estate market in this region.