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...

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 New York City real estate market continues to wait for the surge of new listings in both Manhattan and Brooklyn as expected for the spring market. However, with the recent events in the Ukraine, some are left wondering how the global impact might start to effect...

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...

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...

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...

Ho, Ho, Holy Moly What a Year! As 2021 comes to a close, the universe threw one more big variable into the mix in the name of Omicron. Fortunately, early indications are that the Covid-19 variant presents mild symptoms and while it is expected to spread quickly, may...

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...

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...

China has been on everyone’s radar recently with the headlines about the struggles of its heavily-indebted property firm Evergrande, which is laboring under $300 billion of debt and seemingly no way to stay current on debt service payments. Whether or not China deems...