The national housing market for 2023 will likely be remembered as one of converging challenges, especially for the multifamily sector. A recession possibly looming, ballooning interest rates, steady inflation, global instability, and a stri…
In a recent report , building and development consulting firm Construction Coverage looked at the best and worst months to buy a home in different locations throughout the U.S. They found that nationwide, home prices peak in the summer m…
The real estate market since the start of the COVID-19 pandemic has been tough on all buyers, but aspiring first-time buyers may have struggled most of all. For much of 2020 and 2021, the housing market faced a challenging combination of h…
Over the past few years, the New York City condo and co-op market has experienced something of a perfect storm. Changes to the federal tax code and COVID-19 colluded to slow down the market, even as other areas around the country were soari…
According to a new study from Inspection Support Network looking at home inventory across the U.S., the one-month’ supply of homes, which measures how long it would take the current supply of homes to sell at the current sales pace, fel…
In the wake of the pandemic and in anticipation of the recovery to come, do New York City co-ops and condominiums need to consider setting themselves apart to compete in the market? The answer is yes - but the bigger question is, how? What…
After a strong January and February, real estate demand in New York City - particularly in Manhattan, Brooklyn, and parts of Queens - is seeing a surge as we enter the spring months. According to Mansion Global , new signed contracts f…
2020 was a year like no other for the residential real estate market, and the market is still feeling the effects. The onset of the COVID-19 pandemic in the late winter and early spring of last year set off a series of whiplashing shifts.…
As developers struggle to offload excess condo inventory in an oversaturated market that at least partially stalled at the onset of the coronavirus pandemic, it is widely reported that investors and mezzanine lenders have swooped in wit…
Home equity is one of the biggest contributors to household wealth. According to a Census Bureau report, two assets—home equity and retirement accounts—account for 63 percent of American households’ net worth. Yet, prior to the COVID-19 pan…