Happy Thanksgiving!
As we approach the holiday where we all overindulge, we want to bring light to an organization that helps so many kids in this country who don't have enough food. No Kid Hungry takes your $1 donation and turns it into 10 meals. There is no shortage of food in America however, the problem is ensuring that children have reliable access to the food they need. Click here to donate.
As a mother of two I I feel strongly about ending childhood hunger; especially during the holidays when we are all fortunate enough to be surrounded by oversupply of food. Thank you in advance for contributing.
On that note, thank you for reading my newsletter, thank you for trusting my team to help buy, sell, and invest in real estate and thank you for continuing to support my brand.
We hope you and your families have a wonderful thanksgiving!
The Signings Don't Stop
Working from home these last few weeks hasn't stopped the momentum in NYC, the team has been getting deals done in Manhattan. The fourth quarter is off to a strong start. There were 1,291 contracts signed in October (up 31% compared to September). Additionally, 198 contracts were signed above $4M- a 50% increase from the previous month. Here are some of our personal stats from this month:
Closed
1160 3rd Avenue #10G
455 East 86th Street #27B
220 East 60th Street #6A
533 East 12th Street #3C
In Contract
214 Riverside Drive #202
150 East 85th Street #4D
58 West 58th Street #17E
Happy Diwali From Mine to Yours
Diwali is the festival of lights, it signifies good over evil and light over darkness. This year we had a small party for Lyanna's friends to ensure she grows up having the same memories that I had as a kid about Diwali. The house was always full of friends and food and we got to dress in our new Indian clothes. Sparklers or fireworks are always apart of the celebration at dark; and dance parties to end the evening.
Foreign Buyers Are Back
The U.S. will lift the travel ban on about 33 countries for vaccinated visitors, easing restrictions that prevented most foreign real-estate buyers from entering the country to view and buy properties.
Sales data suggests the wave of overseas buyers could generate tens of billions of dollars in added sales.
Foreign buyers spent $267 billion on U.S. real-estate in 2018 and $183 billion in 2019, before the pandemic, according to the National Association of Realtors. (CNBC)
As always, the new development and the higher end properties will be the biggest beneficiaries of the foreign buyers returning. In New York, we are seeing Europeans as the biggest demographic of contributors instead of the Chinese since the government has really tightened its restrictions on overseas investing. I can't wait to see the impact on the spring market numbers. We've already got buildings in mind to show our clients coming to NYC after the holidays.