pandemic Archives - Page 3 of 4 - Rava Realty

Mortgage rates notch new low

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The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10, reaching 2.86 percent — anew low since Freddie Mac began conducting the survey in 1971. This time last year, the mortgage rates averaged 3.56 percent. Fifteen-year mortgages declined, too, to an average of 2.37, while five-year mortgages were up 18 percentage points to 3.11.

Sam Khater, Freddie Mac’s chief economist, said a late summer slowdown in the economic recovery was to thank ...

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Are there 15,000 people who want to live in Manhattan?

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Manhattan’s vacancy rate climbed to 5.1 percent in August, according to Douglas Elliman’s monthly rental report produced by Miller Samuel Real Estate Appraisers & Consultants.

It’s the first time Manhattan vacancy has reached this level in the 14 years that Miller Samuel has tracked its rental market, and the fourth consecutive month that the number of uninhabited rentals have set a new record. 

The number of deals with concessions or owners paying the broker fee jumped to 59 percent last month from ...

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Selling Your Home in the Age of Coronavirus? Here Are All Your Top Questions, Answered​

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Can I sell my house during the COVID-19 pandemic?

Yes, you can still sell a home during the coronavirus pandemic, particularly now that states are beginning to reopen.

Is it safe to sell your home during such an outbreak?

There are several precautions your real estate agent can take to safely show your home to interested buyers. Masks on, shoes off, and hand ...

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Manhattan Luxury Market Reality Check – April 2020

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We studied hard to deliver a brand new report to you. The reality check on the Manhattan Luxury Market. Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant because it is!
With this report, we are going to tell you at what prices luxury properties are actually closing and what was ...

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Manhattan Residential Sales Activity: a good sign.

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At the beginning of the crisis we had 136 weekly contracts signed in Manhattan. That number progressively went down during the crisis to reach a low of 31 contracts signed 12 weeks into the crisis. Last week was week 13, and we had 61 contracts signed! Could be the first sign of a recovery? In a normal market we ...

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8 Questions To Ask as You Search for an Apartment During the Coronavirus Pandemic

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  1. Can you show me the apartment live? Since you cannot tour the apartment in person, the next best thing is a live video tour.
  2. Can you send me the floor plan? If an apartment is already occupied and a live viewing is not possible, request a floor plan.
  3. What is the closet space like? Ask for the measurements of each closet and get photos, if possible, for a better idea of the closet layout.
  4. Where are the services (supermarkets etc.) located in relation ...
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