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NY Area: Home Ownership Still a Good Investment

December 10, 2010 Leave a comment

No surprise here.

According to recent data from the National Association of REALTORS® (NAR), home ownership is still a solid (if not exciting) decision from an investment standpoint.

For the full Newsweek article, click here.

The better news for NYC area home buyers is that greater NYC area was named the 5th “Best Performing Big Metro” area in the U.S. with a +41% increase in home price from 1990 to 2010, which includes the near -20.0% drop in the past few years.

New York Skyline For more info click here.


Andrew C. WilsonAndrew’s Take:

Overall, none of this should be surprising, especially when you take into account the mid- to long-term time horizon and the source of the information (NAR). For housing in established areas to generally only modestly outpace inflation is historically normal. The major price increases of the early 2000s were an anomaly resulting in the recent decreases in home prices.

Even though the past data looks good for the metro market at large, the prevailing trends don’t apply evenly to every city or neighborhood. Be sure you work with someone who can put specific information in your hands when looking to buy or sell.


Work with a buyer’s agent who is also a licensed architect.

Andrew Wilson: NY Architect and REALTOR®

Looking for Queens or Long Island Real Estate? Contact Andrew today.

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Moynihan Station Clears Approval Hurdle

July 22, 2010 Leave a comment

Moynihan Station Clears Approval Hurdle (From Real Deal)

Here’s hoping NYC can once again do justice to all visitors and commuters arriving via rail to Penn. 

Old Penn Station – Demolished in 1960s

Farley Post Office – To be known as Moynihan Station


Work with a buyer’s agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Categories: Long Island, Manhattan

7 Train Extension Progress

July 16, 2010 Leave a comment

By 2013, the 7 train which currently runs from Flushing (Main Street) to Times Square will be extended west to 11th Avenue and terminate near the Javits Center at 34th Street.

Finally connecting the Javits Center with a rail transit option can only help convention business and Northeast Queens commuters to the west side will benefit daily.

Check out this cool video on NY1.com of the tunnel boring machines making progress below the Port Authority Bus Terminal.

Queens Transit Wishlist: Rail to LGA


Work with a buyer’s agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Categories: Manhattan, Queens