Covid-19 Real Estate Market Forecasts in NY


It’s no brainer that the COVID19 pandemic has significantly had its toil on the daily activities of the world. With millions of the American populace been forced to stay at home, many sectors, including the real estate market, have sustained a gross injury. As New York City is the worst hit, there’s a high level of uncertainty on the fate of the NY real estate market after we must have gone past these health crises. The trajectory of the already dwindling real estate sector, bouncing back, is difficult to forecast.

Already, the pandemic has created so many trends in the housing sector. What’s left to see if some of these trends can continue or all turn to a fad. For starter, the office sub-sector poses to be on the verge of receiving a significant blow, even after the end of the pandemic. With lots of offices been closed, many employers now encourage their employees to work from home. This densification of work and office space is, however, still ambiguous.

The future for rental apartments and warehouses still holds sway. Although the pandemic has caused a lag in demand, there’s every indication that the market will skyrocket by the end of the pandemic. With an increase in demand for online shopping amongst New Yorkers, the market for the warehousing and logistics sub-sector will experience a massive bullish trend. The new pattern of working from home is more likely to become a norm with many businesses. This will encourage the demand for rental apartments. Even with increment in demand, the necessity for a real estate attorney is not to be underrated.

Once the stay at home orders are lifted, the world economy will undergo a gradual healing process. Already, some countries, including the US, have taken significant steps to try to cushion the effect of the aftermath of these health crises. The US Federal Government for example has used lower interest rates to keep up the real estate market. We are very optimistic that the New York real estate sector will be the frontline of recovering sectors.

Tips On Leasing A Car For Less

Renting a new car is simple in theory: you pay only the part of the depreciation of the vehicle that takes place during the term of the lease, plus interest and fees. You can get a car with the latest technology, safety, comfort, and a full warranty every few years.

In practice, however, leasing can be confusing for the uninitiated. Leasing has a language different from the one you will hear when you buy automatically and get a car loan. If you know the vehicle you are renting, how the process works, and what is and is not negotiable, you will get an excellent car rental contract.

Here are the important steps to know when you are negotiating a car lease in NYC like a pro.

Rent the right vehicle

There are a number of things to consider when choosing a rented vehicle. The golden rule of the best cars in the United States is the first: it’s a good deal only if it’s a good car. Our new car rankings and exams will help you find a vehicle that surpasses its competitors.

Secondly, you want to find a vehicle that has a high residual value, for which you can negotiate a reasonable price, and offers the best opportunity to obtain a significant reduction in the ceiling cost. Leasing of vehicles isn’t only for luxury cars or business sedans. You can rent almost any car, truck, minibus or SUV available, although some offer better rental options than others.

Look beyond the monthly payment

Most consumers rent monthly rent, but this is not the best way to save money. Instead, you want to consider the total cost of the lease, including the amount you pay, as well as taxes and fees. Looking at the total cost, you can compare the offers.

Fortunately, the calculation is quite simple. Multiply the monthly rent by one less than the number of months in the period (since the first payment is usually included in the amount due at signing.) Then add that amount to the amount you must pay when signing in you ensuring that you include all charges that the dealer requires you to pay. The sum of these figures corresponds to the total cost of the contract.

Make sure you do the math yourself and resist the urge to let the seller do it for you. The better you understand the numbers, the less you end up paying for expensive additions or signing a contract that has not been agreed.

Search for rental offers

An excellent way to get an affordable lease is to take advantage of a lease subsidized by the vehicle manufacturer. When cars are selling badly, or a new model is on the road, automakers are proposing leases to keep them out of their fields.

Leases reduce the monthly payment, the amount you have to pay on signing or both. They are usually only available to customers with the best credit scores.

In general, offers are only available on models with specific trim levels and options. You may need to talk to several dealers before finding a vehicle with the proper configuration to qualify for the offer.