Big Year Ahead for 2018: Insights from 122nd REBNY Banquet
Experts at the 122nd Real Estate Board of New York Banquet look forward to a great 2018:
“Now that the Affordable New York program is back in place… I predict that we will see more foreign investors teaming up with local developers to build large mjulitmaily rental projects with big affordable components,” said Eric Michael Anton of Marcus & Millichap.
“2018 is going to be a great year and we look forward to being able to help to grow our portfolio,” said Leslie Wohlman Himmel for Himmel Meringoff Properties. “As interest rates rise, we think cash will be king. We’ve taken the last few years to refinance all our properties and build a war chest to take advantage of a changing market.”
“With seven hard contracts in the first three weeks of 2018, I am expecting seller capitulation. I am expected an increased volume and I am really expecting a return to fundamentals… 2018 feels like 2014. It is really going to be a very big year,” said David Schechtman of Meridian Investment Sales.
“I really feel good about 2018… because there were good holiday sales, because a lot of the leases got done. Only two weeks into the new year we have already got a dozen new deals in the hopper,” said Faith Hope Consolo for Douglas Elliman.