Category Archives: NYC

The next tech hotspot?

From the NY Post: Time to buy in ‘Quantum Valley’? Upstate New York home prices are set to skyrocket as Big Tech moves in Will the San Francisco Bay Area tech hub known as Silicon Valley soon be eclipsed by the … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate, North Jersey Real Estate, NYC | 44 Comments

Zillow Home Price Forecast

From Zillow: Zillow Home Value and Home Sales Forecast (March 2024) Zillow’s home value forecast calls for 1.9% growth over 2024 – slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over … Continue reading

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Home price jackpot? Think again.

From the NYT: How Much Higher Are Your Post-Pandemic Property Taxes? The median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before receding to about $417,000 at the … Continue reading

Posted in National Real Estate, New Jersey Real Estate, NYC, Property Taxes | 61 Comments

Six figures ain’t what it used to be

From CNBC: The salary a single person needs to live comfortably in 25 major U.S. cities Here’s the income a single person needs to live comfortably in the 25 U.S. cities with the highest cost of living:

Posted in Crisis, Demographics, Economics, Employment, National Real Estate, NYC | 101 Comments

NY Metro Rents Skyrocket

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

NYC may see it’s glory days again

Hat tip to 3b for the Fortune doom loop article: The ‘prophet of urban doom’ says New York City is in major trouble, and it’s just the first inning of the ballgame: ‘The cycle is out of control’ As nicknames … Continue reading

Posted in Crisis, Demographics, Economics, Employment, Housing Bubble, NYC | 101 Comments

NYC’s rent controlled time bomb

From Bloomberg: Why NYC Apartment Buildings Are on Sale Now for 50% Off Even in the crisp afternoon sunlight, the two-bedroom Manhattan apartment has a ghostly pallor, its cracked walls yellowing like an ancient black-and-white photograph. Paint chips are falling from … Continue reading

Posted in Crisis, Demographics, Economics, NYC, Politics, Price Reduced | 55 Comments

Shrinkflation, even in housing

From Fox 5: Renting in NYC: $1,700 gets you a living room sized apartment, study reveals Renters from every borough in NYC agree that prices are soaring and living spaces are shrinking, but a new study sheds light on just … Continue reading

Posted in Demographics, Economics, Housing Bubble, NYC | 22 Comments

Like the good ol’ days

From Business Insider: HENRYs are turning to a little-known and risky type of mortgage as home prices soar  With home prices and mortgage rates sky high, potential homeowners — even those with deep pockets — are looking for ways to ease the … Continue reading

Posted in Economics, Employment, Housing Bubble, National Real Estate, NYC, Risky Lending | 112 Comments

Still comfortable at the top

From Mansion Global: Manhattan’s Median Home Price Rose 2% Despite Market Turbulence Manhattan’s home prices held steady in the third quarter, despite a gamut of challenges hitting the real estate market across the nation, according to a variety of market … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, NYC | 155 Comments

The new New York City

From Business Insider: NYC and its suburbs won’t build new housing, so New Yorkers are flooding into Jersey City and driving up prices New Yorkers have been taking notice of Jersey City real estate for years, and its popularity as an alternative … Continue reading

Posted in Crisis, Demographics, Economics, Gold Coast, New Development, New Jersey Real Estate, NYC | 56 Comments

Sorry renters

From RentCafe: Competition for Apartments Intensifies in Midwest This Rental Season, but Miami Holds Onto 1st Place While the Midwest is flexing its muscle in peak rental season, we’re seeing rising competition in the Northeast,as well. The main reason for this … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

Lonely at the top

From ATTOM: New Jersey And Illinois Have Highest Concentrations Of Housing Markets At Risk Of Declines ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Impact Report spotlighting county-level housing markets around the United … Continue reading

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate, NYC, Philly | 74 Comments

What happens to NYC rents now?

From the NYT: New York City’s Crackdown on Airbnb Is Starting. Here’s What to Expect. New York City officials on Tuesday are expected to start enforcing strict new regulations that limit residents’ ability to rent out homes through platforms like … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments

Too much money, too few options, more records

From News 12: Home prices on Long Island hit record high  Home prices on Long Island are hitting record highs this summer. In July, Nassau County’s median closing price was $725,000. The price is $30,000 more than the month before, … Continue reading

Posted in Housing Bubble, National Real Estate, NYC | 124 Comments