Category Archives: NYC

Maybe the infrastructure isn’t all junk?

From the Star Ledger: Andrew Cuomo shows Phil Murphy the light at the end of the tunnel Our governor was off on an African safari for the holidays. Meanwhile New York Gov. Andrew Cuomo was doing some pretty impressive legwork … Continue reading

Posted in NYC, Politics, Unrest | 49 Comments

Maybe they’ll just stay in Manhattan?

From Bloomberg: Manhattan home prices fall under $1 million as sellers cut deals Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued … Continue reading

Posted in Demographics, Economics, NYC, Price Reduced | 107 Comments

What middle class?

From the New York Post: New York City’s endangered middle class in exodus, analysts say New York City’s shrinking middle class is now in full retreat, as masses of our most endangered population depart the city in numbers not seen … Continue reading

Posted in Demographics, Economics, Employment, NYC | 24 Comments

The New Manhattan

From Crains: Mounting Manhattan inventory pulls down home prices Prospective Manhattan home buyers had plenty of options in November, and their wallets were thankful for it. The average price of condos, co-ops, townhouses and single-family homes on the market dropped … Continue reading

Posted in Gold Coast, NYC | 92 Comments

The king falters

From the WSJ: New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters When actor Brian Kerwin decided to sell his longtime Manhattan home—an 1880s Romanesque townhouse he and his late wife had carefully restored—he was hoping it would go … Continue reading

Posted in Demographics, Economics, Employment, New Development, NYC | 174 Comments

Sorry Jersey, not for you.

From Fortune: Long Island City Real Estate Booms After Amazon Announces New York Office, Report Says Though Amazon said it won’t begin hiring for its newly announced office in Queens, N.Y. until 2019, condo sales in the neighborhood are already … Continue reading

Posted in Economics, Employment, NYC | 32 Comments

A better outcome for NNJ?

Is this actually the best result for NJ? Discuss. From the WSJ: New York City and Northern Virginia will be the homes for Amazon.com Inc.’s second and third headquarters, according to people familiar with the matter, ending a more than … Continue reading

Posted in Economics, Employment, North Jersey Real Estate, NYC | 163 Comments

Rockland and Westchester slow

From LoHud: After a robust year, there are signs the housing market is in correction mode The residential market in the Lower Hudson Valley shows signs of a slowdown. The number of sales in the third quarter slipped from a … Continue reading

Posted in Economics, Housing Bubble, North Jersey Real Estate, NYC | 65 Comments

NYC transitions into a cooling market

From CNBC: NYC has moved into a buyer’s market, and is experiencing a housing trend last seen in 2009 New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise … Continue reading

Posted in Demographics, Economics, Housing Bubble, Lowball, NYC | 46 Comments

Kaboom

From StreetEasy: 10 Years After the Financial Crisis, False Optimism Pervades NYC Housing Market Aspiring investors may be tempted to view the city’s recovery and the gains reaped by a handful of buyers as evidence that only a major bounty … Continue reading

Posted in Housing Bubble, NYC | 28 Comments

Long Island prices gain through summer

From LI Patch: Long Island Home Prices Continue to Soar Long Island’s housing market continues to grow, as a report released today by the Multiple Listing Service of Long Island showed that housing prices are up and more homes are … Continue reading

Posted in Economics, Housing Recovery, NYC | 59 Comments

So what’s this mean for Jersey?

From Bloomberg: Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on … Continue reading

Posted in Comp Killer, Economics, New Jersey Real Estate, NYC | 78 Comments

Good times on Long Island

From CBS NY: Long Island Housing Market Making A Serious Comeback Bidding wars, competition among buyers and low inventory are driving up demand for homes. And right now in our region the biggest rush for houses is on Long Island. … Continue reading

Posted in Housing Recovery, National Real Estate, NYC | 81 Comments

Don’t need NY to tell us we’re cool … but it sure don’t hurt

From the NY Times: Wait, New Jersey Was Once Not Cool? New Jersey chic used to have a name: Bruce Springsteen. And that was pretty much it, at least according to the Garden State’s haughty neighbors across the Hudson River, … Continue reading

Posted in Demographics, Humor, New Jersey Real Estate, NYC | 121 Comments

No surprises here, big money stays in Manhattan

From Bloomberg: New York City’s Top Earners Still Choose Manhattan Over Brooklyn Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 132 Comments