In a city where owning property can feel like a fantasy, some Bronx real estate experts say opportunity is knocking but maybe not for long.<\/p>\n
\tLocal broker Manny Pantiga, co-founder and CEO of Locqube, says many Bronx residents underestimate how close they are to becoming homeowners.<\/p>\n
\t\u201cBuyers usually don\u2019t understand what their power is,\u201d Pantiga said. \u201cThey think they need 20 percent down, and it\u2019s not a reality for them,\u201d adding they even look.\u201d<\/p>\n
\tPantiga says a cooling market has given buyers more leverage, with more sellers competing for fewer offers. But new data shows that advantage may be slipping. According to Zillow, Bronx home values rose 4 percent over the past year, and nearly half of homes now sell at or above the asking price.
\n\tPantiga points to multi-family homes \u2014 like a two-family property in Williamsbridge listed for $829,000 \u2014 as smart investments that can help offset mortgage costs.<\/p>\n
\t\u201cA property like this generates income just by having an additional apartment,\u201d he said.<\/p>\n
\tBronx renters who\u2019ve been waiting for the right time to buy, that moment might be now \u2014 before the borough\u2019s housing market catches up to the rest of the city.<\/p>\n","protected":false},"excerpt":{"rendered":"In a city where owning property can feel like a fantasy, some Bronx real estate experts say opportunity…\n","protected":false},"author":2,"featured_media":35916,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,9,24,63,129,131,130],"class_list":["post-35915","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/35915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=35915"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/35915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/35916"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=35915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=35915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=35915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}