The Short-Run Effects of Congestion Pricing in New York City
In a groundbreaking move starting January 2025, New York City pioneered congestion pricing within its central business district (CBD), setting a precedent for urban traffic management in the United States. This initiative aimed not only to alleviate congestion but...
Embracing Spring in NYC Real Estate
It’s almost unbelievable that we’re just two weeks away from the end of the first quarter. In the residential real estate market, total inventory remains lower than expected for this time of year. Having said that, serious buyers are signing contracts....Manhattan Market Update: The Spring Market is Just Around the Corner
We’re just a few weeks away from the official start of New York City’s Spring Market, and we’re already seeing signs of seasonal momentum. Inventory is beginning to rise, contract signings are picking up, and shifts in buyer preferences are becoming more apparent....
Manhattan Real Estate Market: Spring 2025 Trends and Strategies
Manhattan’s real estate market ended 2024 on a high note, with deal activity picking up as buyers responded to lower mortgage rates. However, the year end had a plot twist. Mortgage rates resumed their upward trajectory, and supply plummeted, creating a tightrope walk...