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Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. It seems market-makers are waiting for further news on a Covid-19 vaccine before piling into UK shares again. More positive updates from Big Pharma on a coronavirus battler would drive prices through the roof again, as they did in early November. Disappointing updates on one or more of those vaccines in development would send UK share prices careering in the opposite direction.The Covid-19 vaccine might take longer to come than many UK share investors expect. As a consequence, the electrifying economic recovery many are hoping for in 2021 might not happen at all. But this isn’t keeping me awake at night. I know the global economy will rebound at some point. History shows us it always does. And, as someone who buys UK shares with a view to holding them for a bare minimum of 10 years, I can afford to be patient.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Buying UK shares for the long termI don’t invest in stocks to make a quick buck. As the stock market crash of 2020 shows, buying UK shares based solely on how you think their prices will move in the short term can end up making a big hole in an investor’s pocket.This is where the advantage of investing with the intention of clinging onto those shares for years rather than weeks and months comes into play. It saves UK share investors from the discomfort and the cost associated with stock market volatility. Those that take the time to research to find quality stocks can expect to make big returns over the long term (say a decade, or more).Making millions!Studies show long-term investors like me tend to make an average annual return of between 8% and 10%. These sorts of figures mean someone doesn’t need to invest bucketloads of cash in order to make a serious cash pot for retirement.Let’s look at a prospective investor aged 30 with nothing in the bank by way of savings or investments. If they were to invest £300 a month in UK shares they could, by the time they reach the current State Pension age of 66, realistically expect to have made anywhere between a whopping £697,900 and £1.13m to retire on.Investing in UK shares is clearly a great way to try and make a million. And investments can be supercharged towards stock market millionaire status by buying after stock market crashes. This is how the number of Stocks and Shares ISA investors ballooned in the years after the 2008/2009 stock market crash.There’s no reason why I can’t also make big returns following this year’s share market correction either. It’s why I’ve kept buying UK shares for my own ISA despite the uncertain near-term economic outlook. And there’s plenty more top-quality stocks I’m thinking of buying at current knock-down prices too. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Royston Wild | Sunday, 29th November, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address See all posts by Royston Wild Simply click below to discover how you can take advantage of this. Image source: Getty Images. Stock market crash: why buying UK shares in my ISA today could help me make a million! Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/339727/kfar-shmaryahu-house-pitsou-kedem-architects Clipboard CopySave this picture!© Amit GeronRecommended ProductsMetallicsKriskadecorMetal Fabric – Outdoor CladdingWindowspanoramah!®ah!38 – FlexibilityWindowsKalwall®Facades – Window ReplacementsWindowsFAKRORoof Windows – FPP-V preSelect MAXText description provided by the architects. The arrangement of objects in a given space or a defined format in order to give meaning to the placement and arrangement of the items, The result of the relationship between the object and the framework of the artistic creation. A private, family residence in an urban environment. From without, the building does not reveal that it is a home. It resembles a mold or an artist’s canvas or an almost two dimensional frame within whose area various openings have been placed and which are enveloped with a dynamic system of wooden, linear strips. Save this picture!© Amit GeronThe planar distribution of the “picture” or, in this case the front façade creates a non-symmetrical composition which pulls towards the flanking faces in an attempt to suggest that this is, in fact, a three dimensional mass. The arrangement of the objects (the openings) is always fixed and allows for one central and permanent composition. The ability to reverse the balanced composition into a dynamic one is made possible thanks to the design of a system of smart blinds that allows the blinds to be lifted upwards whilst they are folded into what resembles a roof. All the rails and fixtures are hidden and so, when the façade is closed the dynamic and changing possibilities hidden in the residence’s façade are not apparent. Save this picture!© Amit GeronAll the openings open separately and so allow for different compositions. At any given moment and for whatever reason (privacy, protection from the sun) the relationship between the object and the plane can be changed. Thus we can achieve a composition that is balanced, dynamic, haphazard, closed or open within the same framework. Save this picture!© Amit GeronMovement through the house is accompanied (thanks to the flexible blind system) by different views of the outside, some exposed and bare, others undisguised and others framing a section of landscape especially designed for it. This selfsame changeability and flexibility also allows control of the amount of sunlight and natural light entering through the openings and into the homes spaces. These spaces are characterized by a restrained use of materials and form so that the light penetrating the space creates a sense of drama, movement and dynamism which seems to breathe life into the souls of the silent walls. Save this picture!© Amit GeronThus, in effect, the system of relationships between the street and the structure composed of changing, but two dimensional compositions on a framed and flat plane develops, for the user of the house’s spaces, an open area that incorporates abstract or tangible images with volume. Save this picture!© Amit GeronThe relationship between these same volumes (the walls, the stairs, the various partitions and the different elements in the house) and the space, create, through the structures changing façade and the dynamism of the blinds, changing compositions, sometimes controlled and sometimes random with a new and different experience being created each time for the user and those living in the home. Save this picture!Upper Floor PlanProject gallerySee allShow lessSeaside Resort Development Competition Entry / John Thompson & Partners + Alan Dunlo…Unbuilt ProjectKita Göttingen / Despang ArchitektenArticles Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/339727/kfar-shmaryahu-house-pitsou-kedem-architects Clipboard Year: Year: Kfar Shmaryahu House / Pitsou Kedem Architects Architects: Pitsou Kedem Architects Area Area of this architecture project ArchDaily Israel “COPY” CopyAbout this officePitsou Kedem ArchitectsOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesKfar ShmaryahuHousesResidentialIsraelPublished on March 08, 2013Cite: “Kfar Shmaryahu House / Pitsou Kedem Architects” 08 Mar 2013. ArchDaily. Accessed 11 Jun 2021.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 4 September 2005 | News “We will be asking the fundraisers to obtain certain items, sell raffle tickets and find celebrity endorsements for their causes – things that fundraisers have to do all the time.”The three charities taking part are:-• Farleigh Hospice which provides hospice care in Mid Essex• InterAct, Essex wide mental health and learning disability charity• Meadows Shopmobility, which provides a wide selection of 3 and 4 wheeled power scooters, manual and powered wheelchairs to shoppers at the Meadows Shopping Centre in ChelmsfordListeners to Dream 107.7 FM will have a chance to vote for their favourite charity each day by text. Three charities in Chelsmford, Essex, are to be put on the spot by local radio station Dream 107.7FM in the first ‘BIG Charity Challenge’.Starting on Monday 5th September the BIG Charity Challenge will see professional fundraisers being asked to complete a certain challenge, set by Dream 107.7 FM’s Programme Manager and Morning Show presenter Nick Hull, everyday for the whole week.“We want to have some fun and create awareness for the three charities,” said Nick. “We hope to raise some funds but also to demonstrate that charities often work well together within the community. Advertisement 16 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Community fundraising Digital Three charities’ fundraisers set challenges by local radio station About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more
First TCU spring game since 2018 gets fans primed for a highly-anticipated fall Another series win lands TCU Baseball in the top 5, earns Sikes conference award Colin Posthttps://www.tcu360.com/author/colin-post/ Linkedin printAfter storming back from a 10-point deficit to tie the game, TCU basketball fell to Texas in heartbreaking fashion Wednesday at Schollmaier Arena.“It hurts,” guard Desmond Bane said. “You don’t want to give up home games.”Down one point with six seconds left, the Frogs lost any chances they had at completing the comeback by traveling on their final possession.The Longhorns scored nearly half of their points from behind the arc, converting on 11 of their 22 attempts. “[They hit] open ones early that just got them going,” head coach Jamie Dixon said.Guard Jase Febres had led the way for Texas with 15 points on 5-for-7 shooting from deep.After scoring a career-high 24 points on Saturday against Arkansas, center Kevin Samuel tied for a game-high 17 points for TCU in the loss.Texas (8.6 made threes per game) started the game lights out from three-point range, hitting their first five attempts from deep to take an early 17-12 lead.The Longhorns would then make just one field goal in the next five minutes of play. Meanwhile, the Frogs went on a 10-4 run to take the lead on a three-pointer from R.J. Nembhard with 5:19 remaining in the first half.A three-pointer right before the halftime buzzer gave Texas a 28-27 lead going into the second half.Samuel looked to have not lost any steam after his career day at Arkansas. The sophomore led all scorers with 13 points after the first 20 minutes.Center Kevin Samuel stayed hot with 17 points against the Longhorns. Photo by Heesoo Yang.The Longhorns continued to stay hot from deep in the second half, hitting their first two attempts to take their largest lead to that point, 37-31.After pulling back within two, TCU then missed their next six shots, giving up an 8-0 Texas run and taking a ten-point deficit.“We’ve got to execute better,” Dixon said. “We’ve got to do what we’re trying to do.”As the second half went on, it felt like each time the Frogs did something special, the Longhorns would match it immediately. After Bane hit a three from near the midcourt logo, Texas’ Jase Febres hit one of similar distance on the ensuing possession. Moments later, the Horns matched a Nembhard layup with two points of their own.Guard RJ Nembhard’s 17 points weren’t enough for TCU against Texas. Photo by Heesoo Yang.This wouldn’t put the Frogs away for good though. With the crowd on their side, TCU hit back-to-back threes, the second of which from Nembhard, to tie the game at 59 with 2:22 remaining.Another Texas three, followed by two Nembhard free throws, put TCU down one with six seconds remaining.The Frogs wouldn’t even get a shot off, as Nembhard was called for a travel, giving the Longhorns the ball and the 62-61 victory. “Our guys did what we talked about doing,” Texas head coach Shaka Smart said. “The key was just staying in front and not letting him [Nembhard] get a clear path to the basket.” Samuel finished with just four points in the second half.Nembhard finished tied for a game-high 17 points to go with six assists. Bane added 12 points of his own.It doesn’t get any easier for TCU from here, as the Frogs head to Waco for a matchup with No. 1 Baylor Saturday. Tip-off is scheduled for 3 p.m. Colin Posthttps://www.tcu360.com/author/colin-post/ + posts Previous articleEquestrian kicks off the spring season close to homeNext articleWomen’s Basketball edges OSU, 72-68 Colin Post RELATED ARTICLESMORE FROM AUTHOR ReddIt Colin Post Twitter Facebook Twitter Despite series loss, TCU proved they belong against No. 8 Texas Tech Colin Posthttps://www.tcu360.com/author/colin-post/ Linkedin ReddIt Taylor’s monster slam highlights big weekend for TCU Athletics TCU rowing program strengthens after facing COVID-19 setbacks Facebook Colin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Another series win lands TCU Baseball in the top 5, earns Sikes conference award Colin Posthttps://www.tcu360.com/author/colin-post/ TCU baseball finds their biggest fan just by saying hello read more
Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Home / Daily Dose / A Focus on MBS Demand Propels Home Prices Upward 2 days ago Related Articles Assets Crisis Economy Government Homes HOUSING MBS mortgage Natalya Vinokurova Policies Wharton School 2018-11-16 Radhika Ojha November 16, 2018 2,294 Views Previous: ValuAmerica now Branded as Radian Settlement Services Next: Churchill’s Founder and President Recognized as ‘Most Admired CEO’ Print This Post in Daily Dose, Featured, News, Print Features Servicers Navigate the Post-Pandemic World 2 days ago Editor’s Note: This feature originally appeared in the November issue of DS News.Natalya Vinokurova’s research focuses on understanding how decisions get made in the real world and how these decision-making processes evolve over time. It involves studying patterns of decision-making in contexts ranging from heart surgery and mortgage-backed securities (MBS) to nuclear power. Vinokurova’s dissertation on MBS investigates how the use of analogical reasoning facilitated both the development and the collapse of the market for these securities in the United States. She’s currently working on research that gives insight into the history of mortgage ownership recording. Vinokurova, who holds a Ph.D. in Business Administration, from Stern School of Business, New York University spoke to DS News on what she learned from her research on MBS and if the housing market is poised to deal with the next crisis.What are the lessons that the financial services industry still hasn’t learned from the 2008 mortgage crisis?The issue of systematic risks comes to mind immediately when we speak of lessons that the financial industry has still not learned from the crisis. One of the underlying causes of the 2008 crisis was the market participants’ failure to appreciate that some risks, including the interest rate risk and the credit risk, affect the economy as a whole and, thus, could not be insured by private actors. And yet, the attempts to offer private insurance for these risks, for instance, through use of self-insurance devices such as tranching continue despite the failure of tranching to protect investors from prepayment risk in the early 1990s and default risk in 2008. The failure of the private mortgage insurance companies in the aftermath of 2008 as well as the Great Depression also seems to be fading from memory.One of your papers looks at how MBS issuers convinced investors that they were bonds. Can you share your findings from this study?In the 1970s and 1980s, MBS issuers succeeded in changing the definition of a bond to include securities that exposed investors to prepayment risk, made variable monthly payments of principal and interest, and did not constitute debt obligations of their issuers. Through my research, I found that such an expanded definition allowed MBS issuers to sell their products to a much wider range of investors than the individuals and institutions who were willing to invest in mortgages directly.Your study also revealed that it is extremely difficult to find a physical record or prospectus of some of the 30-year MBS. What do you suggest to ease the availability of these records?The first step to easing access to such records is to tighten the recordkeeping guidelines for the financial institutions issuing these securities. It stands to reason that securities issuers should keep the prospectus of the securities they issue to the public for at least as long as the securities are outstanding and that such records should be made freely available to the public. Additionally, my research suggests that a public depository of such records which keeps them available after the securities are paid off would help shore up the system’s memory for financial innovations’ evolution and the consequences of such evolution.What are some of the issues that are likely to impact the housing market moving forward?The relationship between wages and housing prices will continue to affect the housing market. The failure of real incomes to keep pace with housing inflation puts housing further out of reach of many wage earners. One major cause of the 2008 mortgage crisis was that the lenders bridged this gap with mortgage loans that the borrowers could not afford to pay off. As the housing prices are exceeding the pre-2008 levels, it is worthwhile to keep an eye on how the mortgage lenders bridge the gap between wages and housing prices going forward.You’re currently working on a research that looks at the history of mortgage ownership recording. What are your preliminary findings?My study covers the evolution of the land ownership-recording system in the U.S. from the 1630s colonial recording statutes through four major changes to the system: the introduction of title abstracting in 1840s, title insurance in the 1870s, Torrens registration in the 1890s, and the Mortgage Electronic Registration System (MERS) in the 1990s. The paper investigates why these efforts failed to improve the public recordkeeping quality, with a particular focus on MERS. My analysis suggests that the choices made early in the development of the land ownership-recording system hindered subsequent reform efforts. These choices include the voluntary recording of real estate transactions, the fragmentation of public records, as well as of the legal and regulatory regimes governing the system.Which factors are likely to cause the next housing bubble?There are three factors that are likely to cause the next housing bubble—liquidity in the system, lack of transparency both within and across the institutions, and, finally, the governance of the institutions. The liquidity comes in part from the quantitative easing policies adopted to ease the aftermath of the 2008 crisis. These policies created a situation of too much money chasing too few assets—a key prerequisite to a housing bubble. There has been a failure in the aftermath of the 2008 crisis to remedy one of the fundamental causes of the crises—a lack of transparency about who owns what assets. Such lack of transparency means that instead of relying on information both regulators and financial institutions have to base their decisions on educated guesses as to who owns what. These educated guesses translate into governance problems. Most people frame the fact that some of these institutions are “too big to fail” as an incentive problem. An issue that does not get enough attention is that “too big to fail” is a governance issue—these institutions are too big to be governed effectively, not just by the external regulators but by the internal top management teams. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago A Focus on MBS The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Assets Crisis Economy Government Homes HOUSING MBS mortgage Natalya Vinokurova Policies Wharton School Sign up for DS News Daily Share Save The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago read more
News RELATED ARTICLESMORE FROM AUTHOR By News Highland – April 17, 2014 Twitter 56 vacant houses in Donegal to be restored under new government scheme 365 additional cases of Covid-19 in Republic Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Facebook Google+ Twitter Further drop in people receiving PUP in Donegal Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleUpdate – Bus Eireann says Lough Swilly school runs will be replaced after EasterNext articleMc Ateer and Whelan convicted at Anglo trial News Highland Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal 952 local authority homes are to be brought back into use under a new Government scheme, 56 of them in Donegal.15 million euro will be spent renovating the vacant houses and apartments around the country, with 358,000 euro allocated to the Donegal projects.The properties will be allocated to people who are currently on housing waiting lists.Housing Minister Jan O’Sullivan says the scheme will also provide some employment…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/04/janosullivanhousing.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Pinterest WhatsApp Google+ read more
shaunl/iStock(NEW YORK) — The night sky could light up with hundreds of shooting stars for an hour on Thursday thanks to a spectacular celestial event.The alpha Monocerotid meteor shower is set to be at its peak late Thursday night into the early hours Friday morning with up to 400 meteors per hour, according to the NASA AMES Research Center.This particular meteor shower gets it’s name from the Monoceros constellation which sits southwest of Orion, according to ABC News Baltimore affiliate WMAR.Two meteor scientists Peter Jenniskens and Esko Lyytinenen predicted the latest outburst.Though the alpha Monocerotids are active every year around the same date in November, the last predicted major activity was documented in 1995.People who hope to catch a glimpse of the predicted 30-minute long light show will need to look just above the horizon from east to southeast to see the outburst of meteors above.In order to ensure an optimal view, WMAR suggested star gazers use a telescope or a good pair of binoculars and set up around around 11:15 p.m. to 11:20 p.m. since the peak of the meteor shower is set for around 11:50 p.m.Setting up far enough from bright ambient city lights in a spot that is a bit elevated will also help ensure catching a glimpse of the shower with maximum visibility on the low eastern horizon.Copyright © 2019, ABC Audio. All rights reserved. read more
Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsBrookfield Property PartnersCommercial Real EstateTRD Insights Full Name* Email Address* One New York Plaza and Brookfield Property Partners CEO Brian Kingston (Photos via Brookfield)Since CMBS markets came back to life towards the end of 2020, Brookfield has been on a roll with a series of massive single-asset refinancings, locking in the largest Manhattan real estate loans for three of the past four months.The latest was a $835 million refinancing of One New York Plaza, originated by Wells Fargo, Goldman Sachs and BMO Harris Bank. The 50-story office building is situated at Manhattan’s southern tip in the Financial District.The refinancing was securitized in a CMBS transaction named ONYP 2020-1NYP, and documents associated with the deal provide an up-to-date, in-depth look at the building’s finances.The 2.6 million-square-foot tower is currently 96.5 percent leased to 26 tenants with an average rent of $53 per square foot, according to loan documents.Morgan Stanley, which first became a subtenant at the building in 2005 and a direct tenant in 2012, now occupies more than half of its rentable area. The investment bank is currently renovating its space, and plans to give back floors 32 and 36 this year in a slight downsizing. To facilitate the renovation, the firm has signed short-term leases on the 31st and 33rd floors to “swing personnel in and out fluidly” as needed.Other major tenants at One New York Plaza include international law firm Fried Frank, British publisher Macmillan, plus-size apparel company FullBeauty and cosmetics producer Revlon. The building’s 39,000 square feet of retail space is leased to tenants like Starbucks, Chop’t, Retro Fitness and Chipotle, with base rent for retail leases signed since 2015 averaging $62 per square foot.Read moreBrookfield lands $835M refi for One New York PlazaHere’s what tenants are paying at Brookfield & Swig’s Grace BuildingHere’s how much tenants are paying at One Manhattan West Message* Share via Shortlink Due to the impact of the coronavirus pandemic, retail rent collections at the property stood at just 17 percent as of November. The parking operator, which is affiliated with Icon Parking, has not paid rent for months and is being evicted, after which the landlord expects to transition from a lease to a management agreement. Office rent collections, meanwhile, stood at 95 percent in November.Brookfield acquired One New York Plaza in 2006 as part of its acquisition of Trizec Properties. In 2016, it sold a 49 percent stake to Chinese sovereign fund China Investment Corporation, and a 16 percent stake to AEW Capital Management. It retains a 35 percent stake and continues to manage the building.Since 2012, the landlord has invested more than $230 million into the property, including a reconstruction of the retail concourse, facade repairs and flex office space build-out. The building has also seen almost 1.4 million square feet in leasing activity in the past five years, after the departure of former anchor tenants Goldman Sachs and Wachovia Bank in 2013 and 2014, respectively.Contact Kevin Sun read more
(iStock/Illustration by Alexis Manrodt for The Real Deal)A year into the pandemic, New York renters are taking advantage of falling prices, high vacancy rates and a massive number of apartments on the market.Leasing in Manhattan and Brooklyn last month was at the highest level in 13 years, according to Douglas Elliman’s monthly rental market report. Some version of that story has been playing out every month since October as rents continue to slide and thousands of apartments remain on the market.Appraiser Jonathan Miller, who’s behind the report, noted the trend is particularly pronounced in Manhattan where 6,561 deals were inked last month compared to 3,089 in February 2020 — the largest year-over-year gain of any period since 2011.“The theme is that the activity is accelerating rapidly,” he said, noting that even older inventory that’s been languishing on the market is starting to get rented. “All of the other metrics are still showing very weak conditions but are slowly improving.”In Manhattan, there are 11,750 apartments for rent, up 154 percent from February 2020. But that’s an improvement from October, when listed inventory hit its peak with more than 16,000 units on the market.It’s possible that that figure represents only a fraction of what’s truly available, as some landlords are opting to warehouse units to wait for more favorable market conditions, as the Wall Street Journal reported.Median rent in Manhattan continued to fall to $2,995 per month, down 14.4 percent year-over-year. Once concessions — averaging 2.1 months of free rent for more than 40 percent of the market — are factored in, the median rent drops to $2,843.The borough’s vacancy rate remains elevated at 5 percent, compared to last year’s pre-pandemic 2.01 percent.In Brooklyn, 1,834 new leases were signed last month, up about 133 percent from 788 deals a year ago. Inventory remained bloated, with 3,438 apartments for rent, up 150 percent year-over-year from 1,375 units last year.Median rent in the borough was $2,625 per month, down 15 percent from $3,100 in February 2020. The average concession was 1.7 months of free rent, with 38 percent of leases including some sweetener for tenants.In northwest Queens, the same trends continued, albeit to a lesser degree. Inventory was 64 percent greater last month, with 560 units for rent compared to 341 a year earlier. Median rent dropped 13 percent to $2,522 per month from $2,900 last year. The average concession was 2.3 months of free rent.Hal Gavzie, head of leasing at Douglas Elliman, said the fifth month of increased leasing activity indicates the city’s depressed rental market may be stabilizing, particularly as vaccination efforts are expected to ramp up this spring.But he cautioned that recovery in terms of pricing would not be instantaneous.“This is not a light switch,” he said, estimating that it could take between 18 to 24 months for rents to climb back to pre-pandemic levels, assuming vaccination plans move forward as anticipated.“The next four months are going to be very telling,” said Gavzie.Contact Erin Hudson Share via Shortlink Read moreManhattan and Brooklyn renters sign leases in record numbersWhat will make or break New York’s residential market in 2021Manhattan landlords warehousing units in down market Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags Full Name* Email Address* Douglas EllimanRental MarketResidential Real Estate Message* read more