Manhattan Market Update: Q1 Momentum Meets Macro Uncertainty

As the Spring Market picks up speed, Manhattan real estate is showing solid performance—but broader financial markets are introducing new variables that could shape what comes next. Mortgage rates have ticked back up. Treasury yields are swinging. And liquidity is...

The Short-Run Effects of Congestion Pricing in New York City

In a groundbreaking move starting January 2025, New York City pioneered congestion pricing within its central business district (CBD), setting a precedent for urban traffic management in the United States. This initiative aimed not only to alleviate congestion but...

Embracing Spring in NYC Real Estate

It's almost unbelievable that we're just two weeks away from the end of the first quarter. In the residential real estate market, total inventory remains lower than expected for this time of year. Having said that, serious buyers are signing contracts. Undoubtedly,...

Manhattan Market Update: The Spring Market is Just Around the Corner

We’re just a few weeks away from the official start of New York City’s Spring Market, and we’re already seeing signs of seasonal momentum. Inventory is beginning to rise, contract signings are picking up, and shifts in buyer preferences are becoming more apparent....
What to Expect in New York City Real Estate

What to Expect in New York City Real Estate

At the start of the year, the real estate market in New York City showed signs of returning to some normal seasonal trends. This is after two years of unprecedented fluctuations caused by the COVID-19 pandemic.  The market remains on a steady course, and while we are...

The Manhattan Real Estate Market Report: Q1

The Manhattan Real Estate Market Report: Q1

The Manhattan real estate market has been on quite a ride for the last two years. The COVID-19 pandemic and subsequent recovery have made for some interesting marketing dynamics since 2020. However, what we’re seeing now are signs that we may be getting back to more...

Spring is in the air! How is the market responding?

Spring is in the air! How is the market responding?

The weather may still feel like winter, but we are finally in the midst of the spring market! Historically, March and April are the two biggest listings months, outside of September. So, how is the spring market shaping up in 2022? Well, the short answer is, it...

Interest Rates on the Upswing

Interest Rates on the Upswing

As predicted, interest rates are now increasing.  Interest rates retreated from 2022 peaks but ticked up last week as the Ukraine invasion by Russia escalates and grows more uncertain. However, there were other big developments here at home that erased a good portion...

The Brooklyn Report

The Brooklyn Report

Let’s start with this: Brooklyn is not only a super-hot market, but it is now producing inventory of a quality and price point that rivals all but the very top of the high end in Manhattan. Consider this listing: At $4,300 per square foot, it is still a far cry from...

Get ready for the spring market! It’s going to be busy.

Get ready for the spring market! It’s going to be busy.

Spring market outlook Inventory is on the rise and current market data is pointing to an active market. With interest rates rising, now is the time to transact! The spring market looks to be starting early this year. The inventory of homes available for sale bottomed...

New York City Real Estate: Fourth Quarter 2021 Market Report

New York City Real Estate: Fourth Quarter 2021 Market Report

Q4 2021 Market Overview and Outlook for 2022 2021 was marked by a frenzied pace of deal volume. The market had not seen this level of volume since 2013. Notwithstanding the volume of sales, prices have just recovered to pre-pandemic levels. Time on market declined in...

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...

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