Category Archives: NYC

King of the hill, top of the heap.

From the Star Ledger: Recent college grads are leaving N.J. in record numbers. Here’s why. The bed is on an elevated bunk. Below the bed is a desk, dressed with items from college: clothes, books and accessories. The floor is … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 52 Comments

Big price jumps on Long Island – Sustainable?

From Newsday: LI home prices jump in April as inventory plummets: MLS The number of homes listed for sale on Long Island plummeted last month, driving up prices as buyers competed for scarce listings, the Multiple Listing Service of Long … Continue reading

Posted in Economics, National Real Estate, NYC | 117 Comments

Fake it until you make it, or lose it again

Or, you just can’t fix stupid. From the NY Post: Repeat foreclosures in the city have reached an all-time high New York homeowners are in default mode — again. The city leads the nation in repeat foreclosure filings And the … Continue reading

Posted in Foreclosures, NYC | 183 Comments

2.5 month supply of homes in Brooklyn

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Better than renting out?

From the NYT: Making a Living With Airbnb New Yorkers who welcome strangers into their homes by becoming Airbnb hosts have found that the experience can be at turns nerve-racking, humorous and sometimes embarrassing. But for some determined hosts, it … Continue reading

Posted in Demographics, Economics, NYC | 37 Comments

The year of the ‘burbs?

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 87 Comments

Upside for Jersey?

From Bloomberg: Brooklyn Home Sales Soar as Buyers Flee Manhattan Price Hype Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as … Continue reading

Posted in New Jersey Real Estate, NYC | 62 Comments

NYC Over-Gentrified?

From Business Insider: The Fed confirmed some of the most troubling trends in Manhattan real estate The Federal Reserve on Wednesday supported recent data showing some worrying trends in parts of Manhattan’s real-estate market. The Beige Book compiled anecdotes from … Continue reading

Posted in Economics, NYC | 85 Comments

You better learn to drive a forklift

From the WSJ: In New Jersey and Long Island, Developers Eye Office-to-Warehouse Conversions Peter Sudler didn’t make the decision to demolish one of his top-end suburban office buildings lightly. But he knew better than to fight the market. “Rather than … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 117 Comments

Who said NYC was immune?

From the NY Post: New Yorkers see drastic spike in home foreclosures October brought an ugly surprise to hundreds of New Yorkers, as new foreclosure cases spiked dramatically. More than 1,100 NYC households fell into foreclosure in October, a 32 … Continue reading

Posted in Foreclosures, NYC | 70 Comments

So close!

NJ on the cusp of moving to the #2 position for foreclosure inventory. NY looks poised to take the #1 slot any month now. NY Metro Area continues to resolve. From CoreLogic:

Posted in Foreclosures, New Jersey Real Estate, NYC | 144 Comments

Grrrriiiinnnddd

From the Record: Home prices in NYC region rise, but slowly Home prices in the region continue to rise, but at the slowest pace in the nation, the S&P CoreLogic Case-Shiller index reported Tuesday. Values rose 1.7 percent in the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 57 Comments

Lowball! Billionaire Edition

From the WSJ: Chinese Billionaire Nabs One57 Condo For a Mere $23.5 Million A three-bedroom unit on the 62nd floor of One57, a newly built condominium towering over New York City’s Central Park, has sold for $23.5 million, or 25% … Continue reading

Posted in Lowball, NYC | 115 Comments

NY Metro finally catching up?

From the Real Deal: Home prices in NY area climbed 5.1% year-over-year in August August prices for single-family homes in the New York metro area rose 5.1 percent compared to the same time last year, according to a new report … Continue reading

Posted in North Jersey Real Estate, NYC | 136 Comments

Renters making headway? Nah.

From Real Estate Weekly: Study: NYC renter income growing faster than rental rates While the rent may too damn high, it seems renters in New York City have grown more resilient. According to the US Census Bureau’s latest American Community … Continue reading

Posted in Economics, NYC | 77 Comments