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Dog Days Of Summer August! 
Please read on for market updates, off-market properties, new condo info, international listings, and local NYC events happening in August. 

As Always, talk soon,
Alana 
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Market Updates
Contract numbers are starting to trend upward despite the low supply of homes. This supply of homes this August is lighter than past years with some sellers expecting to list post Labor Day. This indicates that contract numbers may continue to trend upward as demand increases and as supply increases come the fall real estate season.

Mortgage rates currently falling is also helping to boost the amount of buyer demand and contract volume. However, the federal election year effect will continue to impact the market until the end of November. For federal election years deal volume slows from around July 4th through the end of November and then exceeds expectations in the following months post-election.


Interest rates are currently at 6.35% according to Freddie Mac's US weekly avg. on a 30-year fixed. This is the lowest level since Dec 2023. Read more here.

Let's discuss! Are you planning to reach any real estate goals over the upcoming fall season? My contact info is below.

Contract Numbers:

 Manhattan had a total of 827 contracts signed.
 Brooklyn had a total of 514 contracts signed.
Alana In The News
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Check out the articles in the Press Section where I have been featured giving insight on the average cost of buying a home in the US, what a pocket listing is and more!
Press Section
Featured Properties! 

Off-Market- 1706 Himrod St- Ridgewood!
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This non-market 6 unit multifamily in Ridgewood is available for $1.7M. 
 All units are 2 beds and 1 bath. 
 Net Operating Income = $147,544
Let me know if you are interested.
Now Available In The Lower East Side!
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Looking for a sponsor unit condo?
Sponsor unit 1-2 beds available now. The first few units have just launched and more are available off market.
Units feature in-unit washer/dryers, bike room and more. Concessions are available.
Check out the link.
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Let me know and I can connect you with help in the country you are heading to!

Sample Opportunities:

Ireland- 5 Bed 4 Bath House for $1.3M USD

Portugal - 2 Bed 1 Bath Unit for $215K USD 

Costa Rica- 3 Bed 2 Bath Unit for $530K USD

UAE - 2 Bed 2 Bath Unit for $1M USD

Local Happenings
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US Open 
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Met Opera's Summer HD Festival
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West Indian Day Parade
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If you have been considering selling, this is a fantastic time to sit down with an agent and discuss strategy.

Start by looking at the currently available inventory. If your apartment would stand out in comparison to the competition, that's your sign to get it listed as soon as possible.

Pricing it competitively will draw more buyers. Please feel free to reach out if you have any questions or are considering the idea.

And remember, I am not just here to sell your home, I am here to help you reach your goals.
LEAVE ME A REVIEW
Looking For Past Newsletters?
Jan 2024- June 2024 
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Alana C. Lindsay
LICENSED REAL ESTATE SALESPERSON
516.522.0114
alindsay@cbwarburg.com
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