I’m always happy to weigh in on Staten Island real estate and yesterday I had the opportunity to speak with Tracey Porpora from Staten Island’s Advance. Without question, we have seen a shift in the way people live here on Staten Island. From the millennials down, there has been a deviation from the traditional larger housing stock we have been accustomed to on Staten Island.
According to Rentcafe.com the average apartment in the US has shrunk by 52 square feet in 10 years. So, why are people willing to pay more for less? Many apartment complexes are adding high end amenities to their apartments and building commons spaces. With careful planning you are able to drive higher rents out of smaller apartments. However, today’s consumer is extremely
As real estate professionals, it’s important to stay informed when it comes to industry news. The landscape is constantly changing especially with the advent of new technology in the digital arena. This is changing the way we sell, market and purchase real estate.
It’s been reported that a new start up called Bungalo has launched a solely digital platform where buyers can search, finance and purchase newly renovated homes. Bungalo joins a growing group of iBuying platforms that includes Opendoor, Zillow and Redfin. All of these online platforms purchase and sell homes directly to clients after renovating the houses.
According to the Company’s CEO, Greg Stuart, Bungalo will start by selling 25 homes in Dallas-Forth Worth and 10 in Tampa, Florida,