Category Archives: NYC

Foreclosures spike in NYC?

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading

Posted in Economics, Foreclosures, NYC | 84 Comments

Come to the dark side

From CNBC: Jersey City becomes alternative to New York, but without the ‘sticker shock’ in prices Real estate prices in New York City have cooled but remain astronomically high, so Jennifer Tobias, a senior designer at the Studio Sofield design … Continue reading

Posted in Gold Coast, Housing Recovery, NYC | 11 Comments

Uh Oh

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading

Posted in Economics, Housing Recovery, New Development, NYC | 135 Comments

Who is to blame?

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

NY jumps to the front?

From Inman: Home prices reach new peak, NY makes biggest gains According to the most recent Home Price Index (HPI) report from Black Knight, Inc., home prices in December increased .10 percent month-over-month and 6.6 percent year-over-year to $283,000 — … Continue reading

Posted in National Real Estate, NYC | 105 Comments

Keep Manhattan, just give me that countryside

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments

Looks like we got a loophole

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading

Posted in New Jersey Real Estate, NYC, Politics, Property Taxes, Unrest | 88 Comments

In foreclosure … for 10 years

From Curbed: In 2017, NYC foreclosures reached its highest level since 2009 Foreclosures have been on the rise across New York City for a while now but in 2017, the number of cases hit its highest peak in eight years. … Continue reading

Posted in Foreclosures, Housing Bubble, NYC | 271 Comments

Where’s our pork?

From the NYT: On Tax Bill, It’s Trump vs. His Hometown When President Trump returned to his hometown on Saturday for a day of fund-raisers, his third and final check-collecting stop was the Park Avenue home of Stephen A. Schwarzman, … Continue reading

Posted in NYC, Politics | 90 Comments

Sorry about your home prices

From the NY Times: How New Yorkers Would Lose Under the Republican Tax Bill The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 265 Comments

New life into old suburbs?

From LoHud: Study: NYC suburbs could use 250K more transit-oriented homes The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according … Continue reading

Posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC | 49 Comments

What does your soul get you in NJ?

From the New Yorker: What a Faustian Bargain Gets You in New York’s Real-Estate Market In the New York real-estate market, where stratospheric prices continue to climb, a pact with Satan just doesn’t get you what it once did. Sure, … Continue reading

Posted in Mortgages, NYC | 159 Comments

Hoboken as expensive as Manhattan?

From HousingWire: New York vs New Jersey — we did the math on where it’s cheapest for commuters to live New York City is the most expensive and the most populated city in America. About 3 million people work in … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 48 Comments

Long Island prices jump

From Newsday: Home prices jump 9.8% in Nassau, rise 5.8% in Suffolk The median home price in Nassau County jumped nearly 10 percent last month compared to a year ago, as limited supply continued to drive prices up. The median … Continue reading

Posted in Economics, National Real Estate, NYC | 94 Comments

Oops, NYC dials back pricing

From Bloomberg: In Manhattan and Brooklyn, Home Sellers Get a Reality Check If New York home sellers had big dreams when they listed their properties, now they’re adjusting to reality. In most Manhattan neighborhoods, at least 25 percent of homes … Continue reading

Posted in NYC, Price Reduced | 27 Comments