The residential real estate market in the U.S. experienced an unprecedented spike in home prices between 2020 and 2022, but signs from this spring and summer indicate that the market is cooling off. Existing home sales in the U.S. have dec…
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…
A recent analysis by Realtor.com shows that in an increasingly competitive housing market, condos, co-ops, and attached townhouses offer an affordable alternative to comparable single-family homes, especially in high-density, high-cost …
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…
On June 28th, NYC-based development and construction management firm New Empire Corp announced a new condominium development in Woodside, Queens. Located at 58-01 Queens Boulevard, the $16.2 million, 19,000 square-foot corner development si…
According to an item featured this week on TopTenRealEstateDeals.com , the former home of legendary actress Greta Garbo is back on the market. Regarded as one of the great actresses of all time, Swedish-born Garbo got her start in si…
Last week we looked at the trend toward rebranding existing residential properties, the reasons why a co-op or condo community might decide to rebrand, and the potential effect of such a decision on property marketability and value. This we…
The World Property Journal reports that the costs to comply with regulations imposed by all levels of government account for an average of 40.6% of multifamily development costs nationally. The National Association of Home Builders (…
Amid the pressure of an overheated real estate market and possible looming recession, some co-op and condo properties are looking to stand out in today’s landscape. One strategy some are embracing is rebranding; casting a new light on who t…
Brokers have a standard modus operandi when selling apartments: Depersonalize the property, stage it, and disappear. Take down family photos, stow the artwork, clear out excess furniture and the clutter of everyday life. And most importantl…