It’s all about employment: Why New Yorkers are returning to NYC

It’s all about employment: Why New Yorkers are returning to NYC

As reported in our mid-October blog, the third quarter was record breaking. Some interesting things are happening. First, the percentage of foreign buyers has dropped significantly from 28% of new development buyers pre-pandemic to 11% as of 3rd quarter 2021. So what...
Third Quarter Review: Manhattan Real Estate is On Fire!

Third Quarter Review: Manhattan Real Estate is On Fire!

As we’ve been reporting over the last few months, Manhattan’s real estate market has caught fire like never before. The third quarter was also a record summer for sales over $5M – with a luxury market driven by buyers seeking more space and better value. This velocity...

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