• NYC has more penthouses available than it can fill - and it suggests a change in the way wealthy people are looking at luxury real estate

    21 days ago - By Business Insider

    These days, many rich New Yorkers don't seem to care about the prestige of living in a penthouse apartment.
    New York City is seeing an overabundance of penthouse units on the market, with a 16% uptick in listings in October 2018 as compared to the year before.
    The surplus means that real estate agents are considering offers well below asking price, according to Jason Haber of Warburg Realty.
    And these days, "not everyone needs a penthouse to feel like they got the trophy," Reba Miller, a broker at Berkshire Hathaway HomeServices, told The Real Deal.
    The penthouse apartment, which occupies...
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  • Relevant Real Estate: How To Give Young People What They Really Want

    Relevant Real Estate: How To Give Young People What They Really Want

    21 days ago - By Forbes

    Real estate pros talk about what today's buyers and renters are really looking for.
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