Category Archives: NYC

No (where to) sleep till in Brooklyn

Posted on July 12, 2014 by grim

From the Daily News: Brooklyn or bust! Thin inventory and hot demand send home prices to new record high Soon enough, no one will be able to afford Brooklyn. A lack of inventory coupled with strong demand sent the average … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 32 Comments

Where’s the money coming from?

Posted on April 1, 2014 by grim

From the WSJ: Manhattan Apartment Prices Up, Headed Higher There is little relief in sight for Manhattan apartment hunters, brokers and analysts said, as low inventory and high demand have driven up prices to near or above record levels. Prices … Continue reading →

Posted in Economics, Housing Recovery, NYC | 91 Comments

NY Metro – Best jobs growth since 2000

Posted on January 9, 2014 by grim

From the Record: New York region adds 200,500 jobs in year The New York-New Jersey area added 200,500 jobs in the 12 months to November 2013, a 2.3 percent increase that was the largest 12-month jump since December 2000, the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 123 Comments

NYC buyers rush in as rates increase

Posted on January 3, 2014 by grim

From Bloomberg: Manhattan Home Sales Rise to Year-End Record in Buyer Deal Rush Manhattan apartment sales surged in the fourth quarter, setting a record for year-end transactions, as the prospect of rising interest rates and prices pushed buyers to make … Continue reading →

Posted in Economics, Housing Recovery, NYC | 83 Comments

Gloomy news for a rainy morning

Posted on November 22, 2013 by grim

From the WSJ: N.J. Job Growth Stagnant The first reports on the New York City area job market since the federal government shutdown showed a mixed picture of the regional economy, with sluggish job growth in New Jersey and a … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 121 Comments

Sandy’s Foreclosures

Posted on October 31, 2013 by grim

From the NY Daily News: Even with surge in foreclosures post-Sandy, real estate prices in Queens, Brooklyn rise One year after Hurricane Sandy, New York area homeowners are drowning under a wave of foreclosure notices. In a sign that Sandy … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, NYC | 139 Comments

“It’s not your father’s Brooklyn anymore”

Posted on October 10, 2013 by grim

From the NY Post: Brooklyn home prices hit 10-year record high Brooklyn is no longer the place to buy a home when you can’t afford Manhattan. Homes in the Borough of Kings are selling at record-high prices, thanks to surging … Continue reading →

Posted in Demographics, Housing Recovery, NYC | 43 Comments

Gold Coast Renaissance (Take #3)

Posted on August 20, 2013 by grim

From the NYT: Have New Yorkers finally discovered Jersey City? As property values soar even in Brooklyn neighborhoods once viewed as on the fringe, New Yorkers are looking across that other river that separates Manhattan from the rest of the … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 97 Comments

Will North Jersey prices be pulled up by NYC?

Posted on August 9, 2013 by grim

From the Star Ledger: Manhattan homes are harder to buy. Hello, New Jersey? For Manhattanites, the grass is greener on the Jersey side. A recent survey by Miller Samuel shows it’s become more difficult to buy a nonluxury home – … Continue reading →

Posted in Economics, North Jersey Real Estate, NYC | 70 Comments

What year is this?

Posted on July 20, 2013 by grim

From the NYT: The ‘Shift the Goalpost’ Home Sale It’s a deal. Or is it? After apartment-hunting in Williamsburg, Brooklyn, for months this spring, Dr. Ronald Nath finally lucked out with a two-bedroom duplex at the top of a condominium, … Continue reading →

Posted in Economics, Housing Recovery, NYC | 56 Comments

How much higher can NYC rents go?

Posted on April 21, 2012 by grim

From the NY Times: The City of Sky-High Rent GARY L. MALIN, the president of Citi Habitats, the city’s largest rental brokerage firm, has seen the real estate market at its giddiest heights and its deepest despair. There should be … Continue reading →

Posted in Economics, NYC | 90 Comments

First-timers stepping back into the market?

Posted on April 3, 2012 by grim

From Crain’s New York: Rising rents boosting sales of starter apartments Studios and one-bedroom apartments in Manhattan made a comeback during the first three months of this year, according to quarterly residential market reports released Tuesday morning as rising rents … Continue reading →

Posted in Economics, Housing Recovery, NYC | 148 Comments