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The Opportunity Zone Program in New York State

The Opportunity Zone Program in New York State

The Opportunity Zones program is a new economic development tool that is still in the process of being set up. In fact, the Treasury department only released the first set of rules on October 19, 2018. It arises from the Tax Cuts and Job Acts of 2017. The program...
How Bronx Real Estate Has Changed since the 90s

How Bronx Real Estate Has Changed since the 90s

One of the last holdouts for affordable real estate anywhere in the New York City metro area has historically been the Bronx. Made famous as the birthplace of hip hop and the on-scene filming location for gritty Spike Lee joints, the Bronx has long had the reputation...
A Closer Look At Real Estate In The Bronx

A Closer Look At Real Estate In The Bronx

Though the Bronx has suffered in the real estate game from abandonment and unused lots, that reality has been changing in recent years. With new incentives and public demand, buildings that sat empty and unused have now been replaced with constructions that are...
A Brief History Of New York’s Real Estate Market

A Brief History Of New York’s Real Estate Market

In the past century, the New York City real estate market has seen significant fluctuation. With the emergence of apartment complexes, new legislation, and financial disrepair, the market was forced to adapt to demands and challenges over time. 1910s With the dawning...
The Benefits of Buying over Renting

The Benefits of Buying over Renting

The act of home buying has taken hits over the years with mortgage crises and economic downfalls, but it seems that home ownership is on the rise. Recently, the cost of rent has been increasing, but the cost of buying a home is falling. This suggests that buying a...
Tips for Investing in NYC’s Real Estate Market

Tips for Investing in NYC’s Real Estate Market

New York City remains one of the US’s most popular major cities; this comes as little surprise, as its iconic landmarks and thriving sports and pop culture scenes are flanked by a variety of alluring residential districts. That said, NYC’s real estate market is...
Forecast: Real Estate Investing 2019

Forecast: Real Estate Investing 2019

In 2017, it was predicted that the housing market could expect increased interest rates, construction and price growth. However, none of those things happened–at least at the level expected. Instead, prices increased and mortgage rates remained stagnant, and the...
New York Real Estate Market 2018

New York Real Estate Market 2018

The New York real estate market is going to continue to bounce around for 2018 and the foreseeable future. With rising mortgage and interest rates and the uncertainty of the federal tax overhaul that went into affect late last year, the market will continue to shift...
Welcome!

Welcome!

Welcome to Ledwin Oviedo’s blog about real estate in New York City. Check back often for updates!