What Is New York City Getting From the American Rescue Plan?

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President Joe Biden has signed the $1.9 trillion American Rescue Plan, the third pandemic-era stimulus and, potentially, one of the most consequential economic packages in U.S. history. Passed by Congress and it also includes billions of dollars that will go directly to New York City.

To be precise, it is 6 million that will be used in different ways like Stimulus Checks, Child Tax Credit, MTA Relief and Vaccines.

De Blasio has called the stimulus a “game changer” for ...

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New leases for Manhattan apartments more than doubled in February

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The renters are coming back to New York City in a big way, thanks to near record low concessions, falling rents, and lots of vacant apartments. Last month, new lease signings in Manhattan surged to their highest total for a February since the Financial Crisis in 2008.

(source: birckundergorund.com)

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Manhattan Luxury Market Reality Check – Jan 2021

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There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from ...

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NYC Rental Market Picks Up Pace

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It’s recovery time. In Manhattan, new lease signings rose to their highest level for the month of January, since the last financial crisis: up 57.6%year over year.

Lowered rents prompted an increase in the new lease contracts activity. Tenants are moving back to the city in search of good deals as they sense the leverage in ...

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Manhattan Sales Activity is UP Big Time

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New signed contracts for co-ops, condos, and 1-3 families combined doubled in January, year over year, for the second annual increase since the lockdown ended. New listing inventory fell sharply year over year for the fourth straight month.

(source: Miller Samuel)

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Florida Saw The Second Highest Population Growth Of Any State Over The Past Year

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In just a single year ending in 2020, Florida’s resident population increased by 241,256, the agency said.

The data covers changes between July 2019 and July 2020. The figures were released on December 22.

Next year, those numbers could rise even faster as a result of thepandemic.

In the second half of the year, Miami’s real estate market rose to a new record high, with analysts saying that migration trends to Florida were accelerating as a result of covid-19.

(source: ...

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