Category Archives: NYC

Anywhere but here

Posted on January 27, 2019 by grim

From the Real Deal: Why millionaires are fleeing NYC and New Jersey Volatile financial markets are leading high net worth individuals to leave New York and New Jersey in droves. Last year, the region encompassing New York City, Jersey City … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Unrest | 4 Comments

Don’t believe the hype?

Posted on January 9, 2019 by grim

From MarketWatch: Why the housing and mortgage crisis is far from over With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and … Continue reading →

Posted in Foreclosures, National Real Estate, NYC | 64 Comments

Maybe the infrastructure isn’t all junk?

Posted on January 8, 2019 by grim

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?

Posted on January 4, 2019 by grim

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?

Posted on December 24, 2018 by grim

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

Posted on December 21, 2018 by grim

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

Posted on December 3, 2018 by grim

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.

Posted on November 21, 2018 by grim

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?

Posted on November 13, 2018 by grim

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

Posted on October 15, 2018 by grim

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

Posted on October 1, 2018 by grim

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

Posted on September 19, 2018 by grim

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

Posted on September 14, 2018 by grim

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?

Posted on July 3, 2018 by grim

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

Posted on April 27, 2018 by grim

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