NEW YORK CITY-"Next year is going to be the best in NYChistory," declared Robert Knakal, chairman ofMassey Knakal Realty Services during the recentannual real estate conference put on by the Foundation forAccounting Education—a part of the New York StateSociety of CPAs.
Massey Knakal brokers have been given some unique instructionsto prepare for the strong year ahead, Knakal revealed. "We'retelling brokers to 'get a lot of rest and cancel your vacations,'because we think next year is going to be unbelievable."
More specifically, he stated, "This year, we will probably see3,700 to 3,800 trades, with a dollar value of $40 billion. I thinknext year we'll see more than 5,000, with a value exceeding $62billion. It's catalyzed by strong real estate demand, plus I thinkinterest rates will stay low.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
