coronavirus Archives - Rava Realty

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

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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2
FEB
2021

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coronavirus, covid, covid-19, florida, growth, investment, Miami, pandemic, population, record

Cuomo announces plan to get workers back to offices

Posted by: Riccardo Ravasini

Gov. Andrew Cuomo is pushing a plan to get employees back in office buildings — and office landlords are on board.

In the second installment of his 2021 “State of the State” address, Cuomo announced that rapid testing would be used in state-designated orange zones to open office buildings, along with restaurants and theaters.

Cuomo said he will work with the real estate community to open hundreds of new “pop-up” rapid testing sites, where people can be tested before ...

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28
JAN
2021

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2019, buildings, coronavirus, covid, Cuomo, governor, new york, new york city, NYC, office

Buyers who bet on NYC’s comeback can score a discount. But for how long?

Posted by: Riccardo Ravasini

Since the reopening of the marke last June, 70% of the contracts signed came from a listing with a price cut. (source: ubrandigs)

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28
DEC
2020

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buy, buyer, buyers, contract, contracts, coronavirus, covid, cut, discount, house, invest, investor, investors, manhattan, market, new york, new york city, NYC, pirce cut, price, real estate

US home prices jump at record rate

Posted by: Riccardo Ravasini

Home prices are on the up, but that may lead to trouble in the future.

The median cost of a single-family home jumped 12 percent in the third quarter to $313,500, marking the biggest year-over-year increase since 2013, according to data from the National Association of Realtors that was first reported by Bloomberg.

“Favorable mortgage rates will continue to bring fresh buyers to the market,” said Lawrence Yun, NAR’s chief economist. “However, the affordability situation will not improve even ...

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27
NOV
2020

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coronavirus, covid, home, market, mortgages, prices, real estate, sigle family, us, USA

Cuomo imposes new Covid-19 restrictions

Posted by: Riccardo Ravasini

Any establishment with a state liquor license, including bars and restaurants, along with gyms, must close at 10 p.m., Gov. Andrew Cuomo announced.

“NYS is taking action to stop the spread in response to rising COVID numbers,” Cuomo said in a tweet.

Covid-19 cases in New York have hit levels not seen since the spring, with the infection rate seven-day average in the city rising above 2 percent, and the statewide infection rate close to 3 percent.

Bars and ...

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23
NOV
2020

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bars, coronavirus, covid, Cuomo, gym, manhattan, new york, new york city, restaurant, restrictions, state

Manhattan Rental Report October 2020

Posted by: Riccardo Ravasini

What’s going on in the Manhattan rental Market? Let’s take a look at the October data…

After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.

The Number of New Leases surged 33.2% to 5,641 from October ...

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23
NOV
2020

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2020, coronavirus, covid, manhattan, new york, new york city, october, real estate, record, recovery, rental, report