AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Snipd AI
Discussion on impact of legislation prohibiting hedge funds from purchasing single-family homes. Tracking vacant apartments in NYC and GVA's foreclosure trouble. Challenges in real estate investment and the state of NY's investment sales market. Decline in annualized sales due to rising interest rates. Understanding seller's motivation and cultivating relationships in NYC investment sales. Multifamily market and transaction volume decline due to interest rates and affordable housing deals delay
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Foreign investors and high net worth individuals are actively participating in the NYC investment sales market, attracted by valuation declines and the opportunity for cash purchases while institutional investors remain on the sidelines.
- Proposed legislation seeks to ban hedge funds, corporations, partnerships, and real estate investment trusts from buying and owning single-family homes, highlighting the growing concern over the impact of large institutional investors buying up homes for rental purposes.
Deep dives
Foreign Investors and High Net Worth Individuals Are Active Buyers in the New York City Investment Sales Market
Foreign investors and high net worth individuals are actively participating in the New York City investment sales market. The percentage of deal volume involving foreign capital has tripled. These buyers, often cash buyers, are attracted to the market due to valuation declines. Private high net worth investors are also taking advantage of the market while institutional investors remain on the sidelines. Additionally, end users are stepping up and purchasing vacant retail and office spaces, providing some positive activity in those sectors.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode