Spring Market Reality Check: Stable… But Far From Easy

If this spring market feels harder to read, it’s because it is. On paper, everything looks steady - inventory is building, contracts are getting signed, and demand hasn’t fallen off. But in practice, the market has shifted into something more nuanced: stable, yes—but...

Manhattan Market Update: Spring’s Tight Inventory and Q1 Check-In

We’re in the heart of the spring season now, and the market is doing what it typically does this time of year: supply is trying to build, demand is trying to build, but the real story is still in the year-over-year comparisons. This week’s numbers reinforce the theme...

Spring Market Check: Opportunity Emerging, But Momentum Still Building

March is typically when the New York City real estate market finds its stride. This year, it’s more of a slow push forward than a full sprint. We’re seeing signs of life—more listings, a rebound in deal activity—but the market is still operating just below its usual...

Co-op Maintenance: Why the Monthly Number Isn’t Always What You Expect

If you’ve ever looked at Manhattan co-op listings and wondered why one apartment’s maintenance is $2,000 a month while another seemingly comparable unit is $4,000 or more, you’re not alone. This is one of those parts of NYC real estate that can catch buyers off guard...
Three ways to win a negotiation for home buyers

Three ways to win a negotiation for home buyers

Finding the right home to buy takes knowledge, skill, and often a modicum of luck. Once you’ve found it, the next thing to tackle is the negotiation.  This is not a “one size fits all” situation by any means! The wrong approach will have you overpaying or losing bids...

Real Estate as an investment. Is now the time?

Real Estate as an investment. Is now the time?

Is now the time to make a real estate investment? In short, yes! We spend a lot of time looking at apartments. In fact, we've been contemplating buying another apartment as a rental property. After all, the city is coming back and there are plenty of new condos to...

The tide has turned for New York City real estate

The tide has turned for New York City real estate

Although New York City is facing the harmful effects of a higher tax regime, it is clear that those who wrote obituaries for the City did so prematurely.  The pendulum, it is easy to forget in the thick of it, swings both ways. But, you don't have to just take our...

So… What About Brooklyn?

So… What About Brooklyn?

As the first quarter comes to a close, it’s time to cast our focus outside of Manhattan for a beat and look at what’s been going on in Brooklyn. The numbers, to those who haven’t been paying attention out there, have been staggeringly strong. Take a look: Source:...

What’s A Seller to Do?

What’s A Seller to Do?

Our last blog was chock full of advice for New York City real estate buyers. Now, it’s the seller’s turn. Consider this: the Manhattan real estate market is being driven by the declining inventory picture. Full stop. Inventory peaked in the 10,000-unit range at the...

Buyers, now is the time to get out there!

Buyers, now is the time to get out there!

It's time for buyers to get out there! Our last few blogs have concentrated on the effect of COVID-19 on the New York City real estate market and providing a view of the outlook ahead.  As we approach the official start of Spring on March 20th, the traditional New...

The Anatomy of a New York City Real Estate Market Cycle

The Anatomy of a New York City Real Estate Market Cycle

Without a doubt, it has been a very strange year for real estate, with the COVID-19 lockdown distorting our market. That being said, it is instructive to remember that every market is just part of a cycle, and this one is no different in that regard. The shape is a...

It’s time to focus on what’s ahead

It’s time to focus on what’s ahead

Let's be honest, the last year threw everyone for a loop. Even though the new year has already begun, it's not too late to reflect, reset and prepare for 2021! Maybe you want to protect your finances, or build your credit this year. Or, perhaps you want to do a little...

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