serverpaster.blogg.se - Fannie mae foreclosures new york

As the pandemic pushes people out of heavily populated areas like NYC, the suburbs are seeing an increase in multifamily units and population growth.

New York City had more than 70% of all commercial real estate transactions.

The median sales price is up 23% in the first quarter of 2021.

Although it was a slight decrease from 2019, the state took much less of a hit than many. The state saw $2.09 billion in sales for 2020, with 62 transactions that comprised a total of 127 buildings. New York is bouncing back, like several states, despite the recent pandemic and its effect on commercial real estate. New York Apartment Loan and Multifamily Property Facts The NYC government is among the largest employers in the state, as well.JP Morgan Chase, IBM, and PepsiCo are the largest employers in the state.New York has more than 9.19 million employees.The average household income in New York is $33,562, lower than most states.Adirondack Park covers 28 million acres, making it the largest national park in the country, excluding Alaska.

The New York City metro area is home to over 9 million of the state’s residents, and the state has a median age that is lower than most in the area. The state of New York has a population of 19.5 million residents and the property values and household incomes are on the rise. Not only is it home to New York City, but it is also home to tons of colleges and universities, creating ripe opportunities for student housing. New York state is a prime location for multifamily and apartment lending.