Empty Manhattan Apartments Hit Record Levels

According to reports published, New York City rentals experience worst June in more than a decade amid the COVID-19 crisis. Over 10,000 apartments were listed as available in June according to a report on CNBC. This represents an increase of 85% over June 2019, based...

Exodus to New Jersey

Some real estate experts are expecting that the migration out of the New York City is going to be a prolonged period, possibly lasting up to 2 years.  The exodus not only involves those renting in towns such as the Big Apple, but also is pushing businesses to find...

May Pending Home Sales Jump

Excluding many of the major COVID-19 hotspots, buyers appear to be ready, willing and more than able to jump back into the real estate market this past May.   Nationally, pending home sales surged by 44.3% in May in comparison with April 2020, according to the...

Rent Trajectories Slow Down

As compared to the average price for homes on a year-over-year basis, rental prices have not kept pace with the same momentum. Over the last 12 months rents for single-family homes grew by only 2.4% year-over-year in April. This metric is the result of CoreLogic...

Case-Shiller S&P Report Prices Stay Strong

The Case-Shiller 10-City Price Index increased by 3.4% year-over-year, and held steady from the March figures. This atypical increase occurred during the national economic lockdown. On a month-to-month basis the S&P Case-Shiller Home Index jumped by 4.6% compared...