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Real Estate

“Manhattan real estate sales plunge 38%, but cash deals hit all-time record”

“Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. Total sales volume fell to $4.4 billion in the quarter, with 2,242 apartments and… Continue Reading…

Economy, Real Estate

“Manhattan renters face sticker shock with average rent at $5,200”

“Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers. The median rent for a Manhattan apartment in November hit $4,033, up from $3,964… Continue Reading…

Real Estate

“Manhattan apartment sales fall 30% in June, but prices remain high”

“…New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales price for the second quarter rose to a record $1.25 million, according to data from the firms Miller Samuel… Continue Reading…

Real Estate

“Manhattan apartment sales tumble 46%, leaving 10,000 unsold units”

“Apartment sales in Manhattan plunged by 46% in the third quarter, as homebuyers continued to flow to the suburbs and Florida, according to new real estate reports. There are now about 10,000 apartments for sale in Manhattan, which would be… Continue Reading…

Real Estate

“Manhattan rental market plunges, leaving 15,000 empty apartments in August”

“There were more than 15,000 empty rental apartments in Manhattan in August, up from 5,600 a year ago, according to a report from Douglas Elliman and Miller Samuel. The inventory of empty units is the largest ever recorded since data… Continue Reading…

Real Estate

“Manhattan apartment deals plunge 57%, suburban real estate surges”

“Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.   The number of signed contracts for co-ops and condos… Continue Reading…

Economy, Real Estate

New York City Housing Prices Falling Fast

“The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing to purchase higher-priced properties in the wake of two recent tax increases. The median sales price for properties… Continue Reading…