New York City continues building apartments, but fewer are being developed for buyers. New research projects a 74% decline in entry level condominium construction in Core Manhattan, while the 2019 rent laws, expiring property tax benefits and changing development incentives are reshaping homeownership. What does the New York City condo shortage mean for buyers, sellers and the future of the housing market?
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The data center boom is transforming commercial real estate and attracting billions in investment across the country. As New York pauses certain large developments, questions are growing about job creation, tax revenue, electricity costs, environmental impacts and residential property values. What does New York stand to gain or lose?
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A buyer can qualify for a mortgage and still face a problem with the condo or co-op building. Here is what New York buyers and sellers should ask about finances, insurance, repairs and lender requirements before a sale is at risk.
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Mortgage rates have crossed 7% again. I break down the monthly cost for a New York buyer, the financing and negotiation options worth comparing, and what sellers should consider this fall.
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A beautiful kitchen or spectacular view may capture a buyer’s attention, but what actually determines NYC property value? After nearly three decades in New York City real estate, I look beyond first impressions at the factors buyers and sellers should understand.
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