by Anthony | Jul 21, 2022 | 2022, First-Time Buyers, Manhattan, New York CIty, Rentals
Affordability is now becoming a roadblock to home ownership and affordable rentals. With the median price for a single-family home hitting $460,000 this past May, first-time buyers are being forced to put their home purchase plans on hold. The consequence of these...
by Anthony | Apr 7, 2022 | 2022, Manhattan, New York CIty, Real Estate News
According to the recent numbers, in light of the rising interest rates, deep-pocket buyers went deep into the New York City real estate market with respect to purchases in the first quarter of 2022. According to reports, over 47% of all real estate purchases in...
by Anthony | Aug 13, 2021 | 2021 Topics, Housing, Inventory, Manhattan, New York CIty, Real Estate News, Rentals
According to a recently published article, finding a place to live is getting more difficult, and it’s not just happening amongst homebuyers — bidding wars are now occurring between renters. The inventory crisis which has affected home buyers for the last...
by Anthony | Jan 18, 2021 | 2021 Topics, COVID19, Housing, Manhattan, NJ Real Estate News
Who would have guessed that the real estate market would appreciate in some cases by 25% year-over-year, especially during a pandemic? And yet, that’s exactly what took place in 2020. So should we expect the same market trajectory in 2021? Using the same guidance for...
by Anthony | Jul 13, 2020 | COVID19, Manhattan, Rentals
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...
by Anthony | Jun 5, 2020 | Inventory Shrinkage, Manhattan, Real Estate News
The Wuhan pandemic, which made Manhattan an epicenter of the virus, had a catastrophic impact upon the number of real estate contracts signed in May. For the month, there were just 160 signed, which compares with 992 signed in May of 2019. This represents an 84% drop...
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