Category Archives: NYC

Too damn high

From Bloomberg: Manhattan renters face sticker shock with average rent at $5,200 Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers. The median … Continue reading

Posted in New Jersey Real Estate, NYC | 22 Comments

Deep dive on NJ from the Fed

From Liberty Street Economics @ The NY Fed: A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom Since the start of the pandemic, home prices in the U.S. have increased by an astonishing 40 percent. The New … Continue reading

Posted in Economics, Employment, Housing Bubble, New Jersey Real Estate, North Jersey Real Estate, NYC | 58 Comments

Why the delta?

From Slate: The Reason Home Prices Are Finally Dropping National averages mask significant variation at the metropolitan level. Every one of California’s major cities—including Los Angeles, San Diego, and the Bay Area, some of the most expensive real estate markets … Continue reading

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, NYC | 83 Comments

Casino in the Swamp

From Forbes: How New Jersey Will Double Down On Gambling If Casinos Come To New York City If the handful of billionaires, real estate developers and gambling companies get their way and bring a Las Vegas-style casino resort to New York … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 111 Comments

Price declines for the NY Metro

From Patch: Long Island Home Prices, Sales Dip As Interest Rates Rise Long Island’s housing prices have finally started to come down from the all-time highs that were set during the summer. But real estate experts say it’s still a … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate, NYC | 132 Comments

Back to Work

From CNBC: New York City is getting closer to the tipping point in return to office work Jamie Dimon may have been off by a year, but New York City’s offices are finally starting to fill up. In May 2021, … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, NYC | 102 Comments

Going to battle with NYC

From NJ Globe: Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J. Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, NYC | 160 Comments

Did NYC kill NYC?

From the NY Post: NY’s job deficit continues to grow from already high pre-pandemic levels: federal data New York still has 454,000 fewer private-sector jobs than it had two years ago before the coronavirus pandemic hammered the city and state — … Continue reading

Posted in Demographics, Economics, Employment, NYC | 173 Comments

Lawwwnguyland

From Newsday: Long Island home prices surged 60% since 2012 Long Island homebuyers today have to spend more, move faster and choose from a vastly smaller roster of listings than a decade ago, according to a new report from real … Continue reading

Posted in Economics, National Real Estate, NYC | 81 Comments

Shovels Ready

From the Star Ledger: Feds clear the way for Gateway Tunnel project to get billions in funding The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal … Continue reading

Posted in New Development, New Jersey Real Estate, NYC | 104 Comments

When do we get our recovery?

From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 73 Comments

You load 16 tons, what do you get?

From the Star Ledger: Hudson River rail tunnel gets green light from the feds to start building it A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 259 Comments

LI hitting a wall?

From Long Island Business News: Long Island home prices head lower again The prices of Long Island homes dropped for the second straight month in October.  The median price of closed home sales in Nassau County last month was $650,000, down from the $661,500 median … Continue reading

Posted in National Real Estate, NYC, Price Reduced | 163 Comments

Still strong on LI

From LI Business News: Long Island home prices climb on strong sales Prices of Long Island homes sold last month rose compared with a year ago, boosted by strong demand and a shrinking supply. The median price of homes contracted … Continue reading

Posted in Economics, Housing Recovery, NYC | 36 Comments

Not so good in NYC

From the very rarely cited Fox News: NYC housing prices in near ‘free fall,’ conditions mirror recession era following tax hikes The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing … Continue reading

Posted in Economics, Housing Bubble, NYC | 167 Comments