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• Comment Link Saturday, 18 January 2025 16:55 posted by ufacash

  Manhattan rent prices are on track to climb back to pre-pandemic levels as renters are flock back to the city, causing the
  number of available units to drop by 38percent in a month.   
  
  Many New Yorkers who fled to work from home across the country are coming back in a rush to take advantage of the decrease in rent prices, causing apartments
  to fill up at a drastic rate. In turn, the steady increase in demand will eventually bring the rental market back to where it was in the
  beginning of 2020.  
  
  The number of available units dropped by 38% last month, going
  from 19,025 units in May to 11,853 in June, reveals a report published Thursday by appraiser Miller Samuel
  Inc. and brokerage Douglas Elliman Real Estate.
  
  Although it's still higher than pre-pandemic levels, the inventory has dropped by more than half since December 2020, when there were 24,800 available units.
  
  
  And the number of new leases tripled from last June to 9,642
  - the most for any month since the firms started tracking the data in 2008,
  and a third straight record high. The deals helped bring down the borough's vacancy rate to 6.7%, from 7.6% in May.
  
  
  
  
  
  Renters are flocking back to Manhattan and
  apartments are filling up at a drastic rate as the city emerges
  from the coronavirus pandemic and many New Yorkers who fled to
  work from home are coming back in a rush to take advantage of the decrease in rent prices
  
  
  
  
  
  The average monthly rent doesn't seem to be affected by the uptick in renters just
  yet, as it has undulated between $3,600 and $4,050
  since December
  
  
  
  
  
  The number of available units dropped by 38% last month, going from 19,025 units in May to 11,853 in June,
  reveals a report published Thursday by appraiser Miller Samuel Inc.
  and brokerage Douglas Elliman Real Estate
  
  
  
  
  
  The number of new leases tripled from last June to 9,642 - the most for any month since the firms started tracking the data in 2008
  
  As a result of the influx of renters, some prices have already begun to inch higher.
  The median rent for individual renters, with concessions factored in,
  was $3,109 last month - 2.4% higher than $3,037 in May. 
  
  That's still down 4.1% from the $3,242 median recorded last June.
  And the average monthly rent doesn't seem to be affected just yet, having undulated between $3,600 and $4,050 since December.
  Last month, individual renters spent an average of $3,922,
  which is 3.8 % cheaper than the average $4,078 recorded in May.
  
  
  The decrease in vacancies is a stark difference from last
  August, when there were 13,000 empty apartments for rent
  in Manhattan - the highest number in 14 years.
  There were 13,117 listings on the market compared with 5,912 a year prior,
  which equated to a vacancy rate of 4.33%- more than double the 2% from
  the same time in 2019.
  
  
  
  
  
  Prices began to drop swiftly and landlords started offering
  more incentives, such as an average of 1.7 months free on new leases
  
  Prices began to drop swiftly and landlords started offering more incentives, such as an average of 1.7
  months free on new leases. In October, the price of
  an apartment in Manhattan was the lowest it's been in a decade with the median rent dropping slightly below $3,000 and the average rent recorded at $2,
  990, a decrease of 7.8 % from the year prior. 
  
  The number of new leases surged to 30 % in November compared
  to the same time in 2019, according to reporting from Miller Samuel and Douglas Elliman. Just over 4,000 new leases were signed, which was the
  strongest November in 12 years.
  
  At the time, the number of unrented apartments had just nearly tripled to
  15,000 - the third highest total on record.
  
  According to reporting in Bloomberg, landlords are responding to the
  spike in demand by pulling back on the aforementioned move-in concessions.
  
  About 38% of last month's agreements had a concession, down from the record high of 60%
  recorded in October. Last month's new leases averaged concessions
  of 1.9 months of rent, the lowest it's been since August.
  
  
  "The intensity of demand for new leases at lower rates is so high that it is burning up excess inventory very quickly," Jonathan Miller, president of
  Miller Samuel, told Bloomberg. "The market is tightening up from its peak moment of weakness, which was really in the fall through January."
  
  Miller added that landlords are less pressed to fill units and no longer need to promise months of free rent to do it.
  "It's not that landlords are in control," he said, "but the relationship between tenants and landlords is nowhere near as lopsided as it was four or five months ago."
  
  Another factor driving people back to the Big Apple is because companies
  have started requiring staff to work from the office again, leading many
  to want to reduce their commute.
  
  Last month, Morgan Stanley CEO James Gorman said that he expects all New York City staff to return full-time to the company's Times Square home
  office by Labor Day - and if they don't they may face salary cuts.
  
  
  
  Staff at Goldman Sachs returned to the office late last
  month and the company celebrated the return by providing it employees with live music and lobster.
  The financial employees were forced to log their vaccination status in the company system before returning to the bank's Manhattan headquarters.
  
  
  And JPMorgan Chase brought staff back to the office on July 6, regardless of vaccination status.
  
  Employees of the banking giant who work in the US were informed last month that they would be expected to return to the
  office between 50 and 100% of the time.
  
  And as more renters move back, buyers are coming too and driving up the prices of
  more extravagant and costly properties, a new report states.
  
  
  
  
  
  In Hudson Yards, a corner one-bedroom, one-bath apartment in a 30-floor high-rise, complete with a
  gym and pool facilities, has also sold for $999,000
  
  The median resale prices for Manhattan apartments hit $999,000 in the second quarter - an all-time high since
  before the COVID-19 pandemic hit - according to the report from Douglas Elliman and Miller Samue.
  
  
  Average sale prices in the area rose 12% in the quarter, surpassing
  $1.9 million.
  
  The buying frenzy comes despite a net 70,000 New Yorkers fleeing the city
  at the height of the pandemic - costing the city roughly $34 billion in lost income,
  according to estimates from Unacast. About 3.57 million people left New
  York City this year between Jan. 1 and Dec.
  7, the report highlighted.
  
  Wealthy neighborhoods, like Hell's Kitchen and the Upper East Side, saw the biggest exodus with nearly 11% of its residents fleeing,
  according to research from CRBE. Most of those are young professionals who work in financial hubs of Midtown and the Financial
  District, as well as creatives working in Broadway Theaters.
  
  
  Experts say the spike in real estate value indicates that Manhattan real estate is swiftly recovering, as more families look to trade up to larger
  apartments, while buyers hope to take advantage of lower prices and low mortgage rates.
  
  
  
  There was a 150% gain from last year, with 3,417 sales in the second quarter
  due to restrictions preventing apartments from being shown for much of the quarter, according to the
  report.
  
  'It's a sign of the frenzy and intensity of the market,' Jonathan Miller, CEO of real estate appraisal firm Miller Samuel told CNBC.
  'It's rebounding much faster than most participants expected.'
  
  The influx in property buying has also led to
  fewer apartments on the market.
  
  According to Miller, apartment listings fell 27%
  compared to year ago, with the supply of homes for sale being lower
  than the historical average of about eight to
  nine months.
  
  The strongest growth is at the top of the market, with more than 220 penthouses sold in Manhattan so far
  this year, according to Corcoran market research.
  
  That marks a 35% increase from the 164 penthouse contacts signed for the
  same period in 2019, before the pandemic.
  
  
  Covid-19
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• Comment Link Saturday, 18 January 2025 16:47 posted by สล็อต168

  Celine Dion had a hilarious reaction to her hit, My Heart Will
  Go On, in a new video this week.
  
  The iconic songstress, 56, who is best known for the 1997 Titanic soundtrack song,
  was seen attempting to stream her rendition of Edith Piaf's Hymne à l'amour
  - but Siri failed to understand her and instead suggested My Heart
  Will Go On.
  
  In the clip, Dion says: 'Hey Siri, play Hymne à l'amour by Céline Dion?' with Siri responding:
  'I cannot find that track by Céline Dion but here is
  My Heart Will Go On. "
  
  A frustrated Dion said: 'No! Hello, No, no, no, Hey Siri, can you play Hymne à l'amour by Céline Dion please?'
  
  Again, Siri replied: 'I cannot find that track by Céline Dion but here is My Heart Will Go On.'
  
  
  
  
  Celine Dion had a hilarious reaction to her hit, My Heart Will Go On, in a new video this week
  
  
  
  
  
  The 1997 chart-topper from the film Titanic is considered Dion's signature song 
  
  
  
  
  
  
  
  
  
  Read More
  
  How Celine Dion fought Stiff Person Syndrome every day to be fit to open the Olympics
  
  
  Dion burst out laughing and said 'never mind!' before suggesting she ask the question in a strong French accent.
  
  After this Siri responded: 'Okay, here is ‘Hymne à l'amour by Céline Dion.'
  
  Dion looked shocked before smiling and giving the thumbs up.
  
  In July Dion made a musical comeback with the track at the 2024 Paris Olympic Opening Ceremony amid her battle with incurable condition, stiff-person syndrome.
  
  28 years after making her Olympic debut in 1996 at Atlanta's stadium, Celine proved she's still got it following her emotional act in the French city at the Eiffel Tower.
  
  And after bringing fans to tears, Celine reflected on the iconic moment with a heartfelt message on X.
  
  She wrote: 'I'm honored to have performed tonight, for the Paris 2024 Opening Ceremony, and so full of joy to be back in one of my very favorite cities!
  
  'Most of all, I'm so happy to be celebrating these amazing athletes, with all their stories of sacrifice and determination, pain and perseverance.
  
  
  
  
  In the clip, Dion says: 'Hey Siri, play Hymne à l'amour by Céline Dion?' with Siri responding: 'I cannot find that track by Céline Dion but here is My Heart Will Go On. "
  A frustrated Dion said: 'No! Hello, No, no, no'
  
  
  
  
  
  
  
  
  
  
  
  Again, Siri replied: 'I cannot find that track by Céline Dion but here is
  My Heart Will Go On'
  
  
  
  
  
  In July Dion made a musical comeback with the track
  at the 2024 Paris Olympic Opening Ceremony amid
  her battle with incurable condition, stiff-person syndrome 
  
  'All of you have been so focused on your dream, and whether or not you
  take home a medal, I hope that being here means that it has come true for
  you!
  
  'You should all be so proud, we know how hard
  you have worked to be the best of the best. Stay focused, keep going, my heart is with you!
  - Celine xx…'
  
  Celine looked incredible in a shimmering silver gown as she performed in front
  of the Eiffel Tower.
  
  She gave a rendition of Hymne à L'amour, which was originally sung by French music icon Edith Piaf.
  
  
  The song was originally released in 1950 and its title translates into English
  as 'Hymn to Love.'
  
  The My Heart Will Go On songstress looked to be on the verge of tears
  as she finished the performance to cheers from the crowd, whilst viewers at home were also left emotional.
  
  
  
  Celine Dion
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