As New York City’s real estate market navigates its emergence from COVID-19 torpor, the question at the forefront of many industry professionals, apartment owners, and owner-wannabees’ minds is how the sales process - normally a very person…
Even before the COVID-19 crisis hit, the question of where real estate values were going was the elephant lurking in the corner of the room. Some submarkets (like Florida, for example) were strong—and getting stronger. Others (like New York…
As the New York co-op and condo markets continue to cool, the question for many a would-be seller is whether to absorb the contraction is prices, or to rent out their unit and wait for the market to make a comeback. The answer may be conti…
amNewYork gives the borough-by-borough breakdown of residential sales over the last decade as the 2010s come to a close. Overall, the city saw real estate prices increase between the first quarter of 2010 and the fourth quarter of 2019,…
The National Law Review is alerting litigators to be prepared for a rash of lawsuits related to a possible looming housing recession, likening the outlook to what happened in 2008’s economic crash. As the condo developers of a deca…
In reports released last month, Douglas Elliman noted a decline in number of sales in all three markets, with some reduction in sales and listing prices as inventories continue to rise. Jonathan Miller of Miller Samuel Inc. and author of th…
After many years of expansion and growth nationwide, most co-op and condominium markets saw both turbulence and some overall decline in 2018. The market has turned from one favoring sellers to one more hospitable to buyers. Markets like sta…
Manhattan’s residential co-op and condominium market ended last year on a more stable note than it did in 2016 despite some signs of trouble, according to Corcoran’s fourth quarter 2017 report . “Three of the past four quarters regist…
In short, the past year was a good one in the real estate market as far as condos and co-ops were concerned. Both buyers and sellers were confident, brokers were enthusiastic, and properties moved quickly. All in all, things seemed to be on…