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…
High Mortgage Rates Push Average Buyers Out of New York City
In recent times, the real estate market has observed a notable shift, particularly in Manhattan, where an unprecedented surge in cash transactions for home purchases has been recorded. This trend, accentuated by mortgage rates hovering around the 6 percent mark, showcases a significant barrier for prospective buyers without substantial financial backing. The last quarter of…
City Takes Over Bronx Building After Years of Landlord Neglect
For years, people living in the building at 2201-2205 Davidson Avenue in the Bronx have had to deal with broken elevators, leaking pipes, mold, rats, and even roaches. Some had to spend their own money to fix serious problems like holes in the walls or missing hot water. The building had more than 600 open…
New York City Sees Another Rent Increase: Here is Why
NYC tenants see another rent increase. Typically, the beginning of the year is considered a slower period for the rental market as the year winds down and people focus on the holiday season. However, this November bucked the trend with an unexpected rise in both median rent levels and the number of new lease agreements…
Unpaid Rent Leads to Deadly Confrontation in the Bronx (VIDEO)
Father dies for unpaid rent. In a tragic event that unfolded in the Bronx, a landlord was arrested after being accused of fatally assaulting one of his tenants. The incident, which occurred over a dispute regarding unpaid rent, happened in the tenant’s residence close to the Throgs Neck Expressway. Around 6 p.m. on a Saturday,…
Step-by-Step Guide to Applying for NYC’s Housing Lottery
Applications are now open for a housing lottery offering 75 rent-stabilized apartments in a newly completed building in Downtown Brooklyn. These apartments are available to households earning between $31,372 and $218,010 annually, depending on the number of people in the household. Monthly rents start as low as $750 for a studio apartment. The deadline to…
New York Real Estate: Surprising Facts You Might Not Know
New York, often dubbed “The Big Apple,” is renowned for its iconic skyline, rich history, and status as a cultural melting pot. When it comes to real estate, New York presents a myriad of opportunities, challenges, and unique characteristics. Here are some intriguing facts about New York real estate: Expensive Square Footage Manhattan, one of…
The Fastest-Growing Cities in New York: Where Real Estate is Booming
New York is growing fast, NY often referred to as the Empire State, is home to the legendary New York City – the epicenter of finance, culture, and entertainment. But while NYC often steals the spotlight, many smaller cities and towns in the state have been experiencing rapid growth and garnering attention from real estate…
Manhattan’s Real Estate Market Shifts Toward Buyers
Manhattan’s real estate market is seeing a major shift. Prices for apartments are dropping, and the number of unsold units is rising. This trend is making Manhattan more of a buyer’s market, giving people looking to purchase homes more power in negotiations. Here’s a deeper look into what’s happening. Apartment Prices Drop in Manhattan’s Real…
Why Queens is Outperforming Other NYC Boroughs in the Housing Market
Over the past year, New York City has seen fewer homes on the market, but Queens is moving in a different direction. While most of the city saw a drop in housing units, more homes came up for sale in Queens, highlighting its stronger housing market compared to other boroughs. More Homes Listed in Queens…