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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The NYC pied-à-terre tax adds a new consideration for Manhattan luxury buyers, but asking price does not tell the whole story. A $4.5 million Fifth Avenue residence with serious audio and smart home technology provides an interesting case study.
Read MoreThe American Real Estate Association has gained approximately 30,000 members and support from major brokerage firms. How many agents personally chose to join, and what could ARA’s growth mean for NAR?
Read MoreManhattan rents reached a record $5,000 as publicly advertised listings plunged 39%. What happened to the apartments, and what do private listings, the FARE Act and NYC’s housing shortage have to do with it?
Read MoreNew York City financed the creation and preservation of 12,491 affordable homes from January through June 2026. The total represents progress, but the latest figures reveal how far the city must go to address its housing shortage.
Read MoreWhat can one Morningside Heights co-op sale teach buyers and sellers? Brian Phillips shares the story of a nearly 40-year ownership, an unusual live/work history and the challenges that had to be resolved before closing.
Read MoreNew York City has begun notifying property owners who may owe the new pied-à-terre surcharge. Here is what owners need to know about exemptions, valuation challenges, the September 18 deadline and the market impact.
Read MoreThe U.S. unexpectedly lost jobs in July, yet unemployment fell and stocks rose. The conflicting economic signals could have important implications for mortgage rates, buyers, sellers and the housing market.
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