The arrival of COVID-19 has wreaked havoc with the residential real estate market for both rentals and sales. Few people are enthused about the idea of moving in the middle of a pandemic, and pundits across the spectrum have projected doom …
At the start of the coronavirus pandemic, with traditional in-person apartment showings off the table for pretty much the entire spring season, many in the residential real estate industry scrambled to incorporate “virtual” components into …
Compared to previous generations, Millennials (those born between 1981 and 1996, give or take) have a conspicuously low rate of homeownership. While the ranks of millennial homeowners have expanded slightly over time, the numbers still fall…
According to two market reports released by the Real Estate Board of New York (REBNY), NYC is facing some formidable challenges as the city finds its way out of the economic weeds it was thrown into by the coronavirus pandemic. REBNY’…
Bloomberg Quint is one among an array of outlets reporting on the adjustments and adaptations real estate agents are using to conduct residential transactions in the midst of the ongoing pandemic. With in-person apartment showings off-lim…
As New York continues its efforts to re-open its economy safely amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market - which had experienced a decline even before…
According to a June 8 press release from The Real Estate Board of New York (REBNY), tax revenue generated from investment and residential sales in New York City and New York State decreased by 76% from May 2019 to May 2020, and 40% from A…
The Real Estate Board of New York (REBNY) reported in a May 20 press release that tax revenue generated from investment and residential sales in New York City and New York State decreased by 48% from April 2019 to April 2020, and 64% from M…
According to the Real Estate Board of New York (REBNY)’s Q1 2020 Quarterly Residential Sales Report , released on May 13, “New York City’s total sales volume and total residential transactions decreased significantly to reach lowest poin…
With the coronavirus/COVID-19 pandemic throwing the brakes on so much everyday economic activity, the nation may be teetering on the verge of recession as governments and financial institutions attempt to control not just the spread of the …