Good Morning New York, Real Estate with Vince Rocco

In March of this year, Raymond Lord III was recognized as REALTOR® Magazine's winner of 30 Under 30 Web Choice Award for 2017.

Ray is here today and I will talk to him about this significant achievement.

New York City is known for being a hyper-competitive real estate market. With more demand than there is supply, well-priced properties are getting snapped up within days of getting dropped onto the market if priced correctly.

Jacky Teplitzky is among the country’s elite residential real estate brokers.

For the week of May 22-28, there were 32 contracts signed on properties $4 million and up.

The total weekly asking price volume was $264.8 million with an average asking price of $8.3 million.

Is the luxury market in a slump? What is next?

Buying into the New York City real estate market may be one of the biggest investments you will ever make. Think of another time you might drop a few hundred thousand or millions of dollars on the table and get a loan for a few hundred thousand more.

New York City real estate transactions are sophisticated and require both your broker and real estate lawyer to go through the purchase process with you one step at a time.

New development in the Hamptons used to conjure up images of lavish houses popping up in the middle of potato fields. But as more farms and vacant land are being preserved as open space, ever fewer lots are available to build new homes.