Category Archives: NYC

What does your soul get you in NJ?

From the New Yorker: What a Faustian Bargain Gets You in New York’s Real-Estate Market In the New York real-estate market, where stratospheric prices continue to climb, a pact with Satan just doesn’t get you what it once did. Sure, … Continue reading

Posted in Mortgages, NYC | 159 Comments

Hoboken as expensive as Manhattan?

From HousingWire: New York vs New Jersey — we did the math on where it’s cheapest for commuters to live New York City is the most expensive and the most populated city in America. About 3 million people work in … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 48 Comments

Long Island prices jump

From Newsday: Home prices jump 9.8% in Nassau, rise 5.8% in Suffolk The median home price in Nassau County jumped nearly 10 percent last month compared to a year ago, as limited supply continued to drive prices up. The median … Continue reading

Posted in Economics, National Real Estate, NYC | 91 Comments

Oops, NYC dials back pricing

From Bloomberg: In Manhattan and Brooklyn, Home Sellers Get a Reality Check If New York home sellers had big dreams when they listed their properties, now they’re adjusting to reality. In most Manhattan neighborhoods, at least 25 percent of homes … Continue reading

Posted in NYC, Price Reduced | 27 Comments

Good Times on Wall Street

From Bloomberg: Hamptons Home Prices Soar to Record $1.07 Million The stock market is up. Must be time to splurge on a mansion in the Hamptons. Buyers in the Long Island resort towns opted for more-expensive properties in the second … Continue reading

Posted in Economics, Housing Recovery, NYC | 83 Comments

Exurb Puff Piece? Smells like a bubble

From the NY Times: Extreme Commuting In 1492, after an arduous voyage aboard Columbus’s vessel the Santa María, Rodrigo de Triana, a lookout, bellowed, “Tierra!” This is pretty much how Corey Ferrell, a commuter, sometimes feels upon docking at his … Continue reading

Posted in Employment, Housing Bubble, National Real Estate, NYC | 56 Comments

Nassau hits new peak, Suffolk on the way

From Newsday: LI home prices jump; Nassau reaches record level It’s boom time again for the housing market in Nassau County, where prices have reached a new peak. The median price for a closed home sale jumped to $505,000 last … Continue reading

Posted in Demographics, Economics, NYC | 44 Comments

Price cuts move properties

From Bloomberg: Manhattan Home Sales Surge as Cuts Bring Prices to Buyers’ Level Manhattan homebuyers found deals they couldn’t refuse in the second quarter, driving up sales of previously owned properties by the most in more than two years. Purchases … Continue reading

Posted in Demographics, Economics, NYC | 31 Comments

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