Gladen Rohrer Team at Compass

Anybody need an extra rug or mailbox?

New Yorkers Flock to The Gramercy Park Hotel's Liquidation Sale The chic set is hightailing it to the Gramercy Park Hotel which is having an “everything must go” fire sale, hawking the entire contents of the iconic 180-room hotel.This afternoon nightlife guru Nur Khan (who ran the GPH’s Rose Bar back in more hedonistic days) was seen carting a large rug. E...

Real talk - there’s a sea-change coming. As the cost of ownership rises with interest rates now hovering at 6%, the market will react.

The person who is looking to purchase a home in NYC with a $1m mortgage will pay $3,125 more per month than they would have if they closed their loan in February when interest rates were as low as 2.75%.

We believe this will put heavy pressure on both pricing, inventory and transaction volume. Buyers will be looking to negotiate and prospective sellers with low mortgages will be loathe to give up their 3-ish rates for a new loan of 6%. Sellers will be competing for the buyers that still want to buy.

If you’re selling, you need to be smart about your pricing. Get good advice!

If you’re buying, negotiate hard and look for homes in transitional areas where some banks have special loan programs at greatly reduced interest rates. Get good advice!

Now more than ever buyers and sellers need a real estate agent that understands the market and how the economy is influencing it. If you have questions or want experienced, knowledgeable agents in your corner, reach out to us!

Real talk - there’s a sea-change coming. As the cost of ownership rises with interest rates now hovering at 6%, the market will react.

The person who is looking to purchase a home in NYC with a $1m mortgage will pay $3,125 more per month than they would have if they closed their loan in February 2021 when interest rates were as low as 2.75%.

We believe this will put heavy pressure on both pricing, inventory and transaction volume. Buyers will be looking to negotiate and prospective sellers with low mortgages will be loathe to give up their 3-ish rates for a new loan of 6%. Sellers will be competing for the buyers that still want to buy.

If you’re selling, you need to be smart about your pricing. Get good advice!

If you’re buying, negotiate hard and look for homes in transitional areas where some banks have special loan programs at greatly reduced interest rates. Get good advice!

Now more than ever buyers and sellers need a real estate agent that understands the market and how the economy is influencing it. If you have questions or want experienced, knowledgeable agents in your corner, reach out to us!

Cost of Owning a Home Surges Above the Cost of Renting One A new report shows that having a mortgage is far more expensive than having a lease, a disparity that is helping to cool a red-hot housing market.

We at the Gladen Rohrer Team observe and stand in solidarity with all those Americans celebrating Juneteenth this weekend.