Why Renting Is Beating Buying in Westchester, New York
In the past several years, Westchester County has seen a boom in new apartment buildings. Cities like Yonkers, White Plains, and New Rochelle are leading the way. Yonkers approved thousands of new units in a single year, and New Rochelle wasn’t far behind. These projects aren’t just small developments—many are large complexes with hundreds of…
Rising Prices in New York: An Insight into the Real Estate Market
Rising prices are everywhere. Real estate has always been a barometer of economic vitality and financial health. At its heart is New York, a bustling hub of activity known for its iconic skyline, diverse neighborhoods, and, notably, its spiraling property costs. Recently, the city’s real estate market has witnessed a dramatic escalation in home buying…
Rent Hikes Slow Down in Queens and Brooklyn
New data shows that rent prices in Queens and Brooklyn aren’t rising as fast as they were before. In December 2024, the year-over-year rent increases in these two boroughs were smaller than they were in 2023. Meanwhile, Manhattan rents are actually going up faster now than they were a year ago. This shift suggests that…
Cash Deals Hit Record Highs in Manhattan Real Estate
In the second quarter of 2025, nearly 7 out of 10 homes in Manhattan were bought with cash. That’s the highest level seen in years. Only 31% of buyers used a mortgage. Compared to the same time last year, the share of cash deals went up by more than 20%. Experts say wealthy buyers are…
Downtown New Rochelle Faces Parking Shortage Amid Boom
In recent years, New Rochelle, a city in Westchester County, has been going through big changes. The downtown area has seen a lot of new buildings — tall apartment towers, businesses, and restaurants. These projects are part of a plan to bring new life to the city and attract more people to live and work…
Yonkers Man Sentenced for Scamming Immigrant Families
Juan Cedillo, a 70-year-old man, scammed many immigrant families in Yonkers, New York. He promised them help with getting green cards or U.S. citizenship. These families trusted him, thinking he had legal connections or special access. But instead, Cedillo took their money and gave them nothing in return. Some families paid thousands of dollars, hoping…
More Manhattan Homes Are Bought With Family Trusts Than Ever Before
In recent years, there’s been a big increase in people using trusts to buy homes in Manhattan. A trust is a legal way to hold and manage property, often set up by parents or family members. In 2024, about 28% of all Manhattan property sales involved a trust. That’s a major jump compared to just…
NYC’s Housing Crisis Deepens: Evictions Spike as Renters’ Economic Struggles Continue
New York City renters are facing increasing pressures, highlighted by a striking near-200% surge in evictions. Two recent studies reveal that while landlords are managing well, their tenants are struggling significantly. Decrease in Wages and Increase in Payment Delays According to a study by the Rent Guidelines Board, there has been a notable 6.1% drop…
Pricing Patterns: A Glimpse into the High-End Real Estate of New York City
In the fiercely unpredictable real estate market of New York City, recent reports suggest a noticeable cooling, with the premium segment being no exception, as confirmed by a fresh publication from PropertyShark. For years, New York City has held the distinguished title of the most expensive real estate city in the United States. This bustling…
Why Buying a Home in New York City Is So Challenging
For anyone trying to buy a home in New York City, it quickly becomes clear that housing prices are extremely high. The city’s five boroughs—Manhattan, Brooklyn, Queens, the Bronx, and Staten Island—contain some of the most expensive neighborhoods in the United States. This high cost makes buying a home a significant challenge, especially in popular…
How Much Does Real Estate Cost Per Foot in NYC Today Compared to 2015 and 2005?
NYC has always been one of the most expensive places to live in the United States. Over the past 20 years, real estate prices have gone through major ups and downs due to big events like 9/11, the 2008 recession, and the COVID-19 pandemic. In this article, we’ll look at how much the average cost…
Requirements for New York Real Estate License Vs Other States
The real estate profession is a lucrative and promising field, attracting thousands of aspiring agents every year. For those looking to embark on this career in New York, it is essential to understand the specific licensing requirements that the state demands, which can vary significantly from other states. Requirements for a Real Estate License in…