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If you would like a pdf copy of the article below, you can download it here: Q4of2021Commentary Q4 OF 2021  Real Estate Market Update for Queens, NY At the National level, the unemployment rate went below 4% at the end of 2021, reaching pre-pandemic levels. The reactivation of the economy after the end of the lockdowns, created a surge in employment and in some industries a shortage of workers. Many older workers that were at or near retirement age decided to call it quits and retired last year, creating a shortage of labor and aiding unemployment numbers. Help wanted notices and job offerings became the norm as workers started choosing amongst the many options and demanding better salaries and better terms. Read More

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The latest statistics about the Queens, NY real estate market including Median Prices for all residential property types, available inventory data, negotiability and more. Everything you want to know about what happened with the Queens Real Estate Market in the third quarter of 2021, in a short 2 minutes video. As always, got comments or questions? Don't hesitate to contact Manuel, your Queens Real Estate Expert. Read More

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Queens Real Estate Market Update First Quarter Q1 2021 First, let me start by sharing some of the National Macroeconomic data to put our Queens Real Estate Market Update in perspective. I realize that a lot of the information you get thru the media refers to the national real estate market and this can be very different to what is going on locally. Every real estate market is local, or shall we say uber-local, so when we hear national trends, we must put those in perspective. Read More

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Capital Gains on Real Estate. February 2021 Update. I came across a good article about Capital Gains Taxes on Realtor.com  It was written by Margaret Heidenry. The full article can be found here: https://www.realtor.com/advice/finance/how-much-is-capitals-gains-tax-on-real-estate/#:~:text=Your%20tax%20rate%20is%2020,household%20earning%20more%20than%20%24496%2C600.           So basically I want to share with you what the article says and comment on it. But first a full disclosure that I am not a tax advisor, I am not an accountant, and I am not an attorney. So these comments are just my opinion and you should not take them as financial advise, accounting advise or legal advise. For that, please consult with your accountant or attorney. I am a licensed real estate broker associate and as such, we must be familiar with the changes in the capital gains taxes and that is why I wanted to make you aware of this update.           To give full credit to Mrs. Heidenry, I have left her words in between quotations.  I have also consulted with CPA Jonathan Sundack from www.SundackCPA.com who answered some of my questions below. Thanks to him for his valuable advise. Read More