Category Archives: NYC

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

Don’t count the middle class out yet

From the NYT: Middle-Income Jobs Finally Show Signs of a Rebound The American economy is finally creating more middle-income jobs, according to a new analysis released Thursday by the Federal Reserve Bank of New York, in a turnabout from the … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate, NYC | 41 Comments

LI Market Burnout?

From LI Business News: LI home prices fall along with sales The median prices of Long Island homes contracted for sale in July dropped as the number of sales also declined as compared with the previous month. In Nassau County, … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate, NYC | 86 Comments

Clear ’em out

From Dow Jones: Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace dward Navarro, a former telephone clerk on the New York Stock Exchange, has been facing foreclosure on his attached two-family house in Woodhaven, Queens, … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, NYC | 61 Comments

July Beige Book

From the Federal Reserve: Beige Book – July 13, 2016 Second District–New York The Second District’s economy has picked up, growing modestly since the last report, and labor markets remain tight. Contacts note continued moderate pressure on input prices and … Continue reading

Posted in Economics, Employment, Housing Recovery, North Jersey Real Estate, NYC | 41 Comments

Neighbors to the north looking strong

From LoHud: Reports: Home sales surge across region The Lower Hudson Valley real estate market showed some health in the second quarter, as the number of home sales in Westchester, Putnam and Rockland counties rose sharply compared to the same … Continue reading

Posted in Housing Recovery, National Real Estate, NYC | 16 Comments

Will 24 mortgages even make a dent?

From HousingWire: New York launches “first of its kind” program; will buy delinquent mortgages from FHA In what officials are calling a “first of its kind” program, the city of New York announced Thursday that it is plans to buy … Continue reading

Posted in Foreclosures, NYC, Politics | 20 Comments

Guess who is back?

From the NYT: Bidding Wars in the Suburbs The listing Nadia Krivickova and Michael Krivicka had been waiting for popped up early last September: a pristine 2,500-square-foot 1924 colonial with a child-friendly backyard in the lower Westchester County village of … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 99 Comments

JC the new heart of the gold coast?

From the NY Times: Jersey City: Growing, With Many Personalities Elizabeth and Nick Flint were apartment hunting in Brooklyn two years ago when a friend suggested they consider Jersey City instead. The couple, who were renting in Williamsburg, wanted to … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Development, NYC | 60 Comments

As go the rich?

From Vanity Fair: The Hamptons Housing Market Is Getting Clobbered by Wall Street Jitters IIt’s beginning to look a lot like springtime in the Hamptons. Frost has cleared from the dunes; landscape artists are tending to hedge-grow after the wilds … Continue reading

Posted in Economics, NYC, Shore Real Estate | 61 Comments

Affordability again pushing buyers to the burbs?

From LoHud: Housing market strong in Lower Hudson Valley The Lower Hudson Valley housing market continued to show its strength, as the total number of first-quarter home sales in Westchester, Rockland and Putnam counties went up by 14.5 percent over … Continue reading

Posted in Employment, Housing Recovery, NYC | 60 Comments

Population patterns in NJ showing urbanization shift

From the Record: Bergen County leads population growth trend, halts flow to other parts of N.J. A decades-long population shift from northeastern New Jersey to other parts of the state has come to an abrupt halt, with Bergen and Hudson … Continue reading

Posted in Demographics, Economics, Housing Recovery, North Jersey Real Estate, NYC | 33 Comments

March Beige Book

From the Federal Reserve: Beige Book – March 2, 2016 – Second District–New York Economic activity in the Second District has remained generally flat since the last report, while labor markets continue to tighten. Selling prices were little changed, while … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 109 Comments