New York
Elika Associates is New York City's premier real estate buyer's brokerage. We exclusively represent you the buyer and provide exceptional services tailored to each discerning client's unique real estate needs. Elika Associates provides local and international buyers with expert, unbiased assistance with all your property inquiries while we find, manage and negotiate the purchase of your next real estate investment.
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Jul. 8, 2009
Like the rest of the Manhattan real estate world, this column devoted significant coverage over the past couple of years to developments at the 15 Central Park West and the Plaza. The two properties... [Read More]
Jul. 6, 2009
Most of the talk in New York real estate circles these days has centered on the national recession, the pain it has caused the NYC apartment market, and when it's all going to end. The recent Deutc... [Read More]
Jun. 25, 2009
The real estate market, in comparison to most markets, moves at a glacial pace. Housing and property are, after all, two of the most illiquid assets you can buy. That illiquidity makes sense: you can never move it; for most lots it’s hard to sell just p
Mar. 6, 2009
The economy is currently in free fall. Try as they might, optomistic commentators can no longer pin the bad news on market psychology. Just today, Harvard Professor Robert Barro was on CNBC and writin... [Read More]
Feb. 24, 2009
New York City has emerged as an ideal buyers market and 2009 is proving to be an advantageous year particularly for first-time homebuyers, so Elika Associates New York's only buyers brokerage which exclusively represents buyers, has launched a comprehensive online First-Time Home Buyers Handbook, guiding them through every step, procedure and variable to successfully purchase their first New York City apartment.
Jan. 14, 2009
Mortgage Rates – Perhaps the most important variable, mortgage rates have dropped dramatically from their highs several months back. With still-President Bush requesting the second half of the T... [Read More]
Nov. 15, 2008
Prices are declining throughout New York City, but certain neighborhoods are being hit harder than others.
It is usually the case that changing and marginal neighborhoods are hit hardest by slowdowns. Despite this entire recession being caused by those on Wall Street, this time is no different from most.
Nov. 5, 2008
We would like to invite you to participate in the inaugural Elika Real Estate Buyers' Confidence Survey. The survey has been designed to gain better insight into the needs and wants of buyers' in today's market and to give buyers in New York a voice. Tell the market how you feel.
Nov. 5, 2008
With the seemingly all-consuming election finally over, the real estate industry is turning its attention again to the country’s major markets. The epicenter of the national market is, once again, New York City. The financial debacles of the past economic era have ushered in a new set of conundrums for investors, and the city’s market resembles the national market, yet with important factors considerably more poignant.
Oct. 15, 2008
With stocks crashing, then posting their largest rally since the early days of the Great Depression, than crashing again, it’s clear New York City’s housing market is going to feel at least some of the turmoil.
Oct. 8, 2008
It’s widely agreed upon that the sale of Bear Stearns was the pivotal transition moment in the Manhattan Real Estate market. Over the previous six months or so, things had been gradually shifting away from the strong seller’s market mentality that had pervaded Manhattan and New York City as a whole.
Oct. 7, 2008
Surprising some analysts, prices continued to rise in the 3rd quarter, according to recently released numbers. The average sales price in Manhattan climbed by 8.1% to roughly $1.5 million. The average... [Read More]
Sep. 19, 2008
Let us take a step back: The proposed government bail out will involve at least half a trillion dollars of the public's money; the AIG bailout was $85 billion; Bear Stearns, around $20 billion; the Fed has pumped in well over half a trillion into the credit markets by this point; interest rates for treasury bonds are significantly lower than rates for bank-to-bank loans.
Sep. 15, 2008
There has been little doubt recently that the real estate market here in New York City has been slowing down recently. Inventory is up, and sales are down. While average prices have remained strong, it is clear that the days of the superman-like invulnerability in the market is a thing of the past.
Jun. 9, 2008
With the peak of the Manhattan Real Estate market looking like it has passed for the near term, many observers are waiting to see when the drop in the market's value will begin and how far down it will go.
May. 25, 2008
Despite the predictions of many, Manhattan real estate increased in value dramatically during the first quarter of 2008. Led by the luxury market's huge increase in value, Manhattan led the way for the rest of New York City, which increased its value by
May. 14, 2008
Perhaps because everyone in the industry has been waiting for New York City's real estate market to begin looking a bit more like the rest of the country's, the media's coverage of the last quarter's surprisingly strong numbers were almost celebratory.
May. 6, 2008
The first quarter of the year was a bad one for the national housing market. Nothing much new occurred, however it was an unabated continuation of last year, which was one of the worst years for the national market on record. In that environment, howeve
Apr. 26, 2008
As the subprime crisis only gets worse, the nation's housing market is set to suffer the same ignominious fate as it did in 2007. Last year was the worst year for the national housing market since the Great Depression, and the subprime crisis is beginnin
Apr. 4, 2008
The first quarter numbers are in for the Manhattan real estate market, and old records have yet again been broken. While the numbers seem surprisingly positive, the overall picture is more complex.
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