Category Archives: NYC

Long Island prices jump

Posted on August 16, 2017 by grim

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

Posted on August 8, 2017 by grim

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

Good Times on Wall Street

Posted on July 30, 2017 by grim

From Bloomberg: Hamptons Home Prices Soar to Record $1.07 Million The stock market is up. Must be time to splurge on a mansion in the Hamptons. Buyers in the Long Island resort towns opted for more-expensive properties in the second … Continue reading →

Posted in Economics, Housing Recovery, NYC | 85 Comments

Exurb Puff Piece? Smells like a bubble

Posted on July 21, 2017 by grim

From the NY Times: Extreme Commuting In 1492, after an arduous voyage aboard Columbus’s vessel the Santa María, Rodrigo de Triana, a lookout, bellowed, “Tierra!” This is pretty much how Corey Ferrell, a commuter, sometimes feels upon docking at his … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate, NYC | 56 Comments

Nassau hits new peak, Suffolk on the way

Posted on July 15, 2017 by grim

From Newsday: LI home prices jump; Nassau reaches record level It’s boom time again for the housing market in Nassau County, where prices have reached a new peak. The median price for a closed home sale jumped to $505,000 last … Continue reading →

Posted in Demographics, Economics, NYC | 44 Comments

Price cuts move properties

Posted on July 6, 2017 by grim

From Bloomberg: Manhattan Home Sales Surge as Cuts Bring Prices to Buyers’ Level Manhattan homebuyers found deals they couldn’t refuse in the second quarter, driving up sales of previously owned properties by the most in more than two years. Purchases … Continue reading →

Posted in Demographics, Economics, NYC | 31 Comments

King of the hill, top of the heap.

Posted on June 26, 2017 by grim

From the Star Ledger: Recent college grads are leaving N.J. in record numbers. Here’s why. The bed is on an elevated bunk. Below the bed is a desk, dressed with items from college: clothes, books and accessories. The floor is … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 52 Comments

Big price jumps on Long Island – Sustainable?

Posted on May 12, 2017 by grim

From Newsday: LI home prices jump in April as inventory plummets: MLS The number of homes listed for sale on Long Island plummeted last month, driving up prices as buyers competed for scarce listings, the Multiple Listing Service of Long … Continue reading →

Posted in Economics, National Real Estate, NYC | 117 Comments

Fake it until you make it, or lose it again

Posted on May 9, 2017 by grim

Or, you just can’t fix stupid. From the NY Post: Repeat foreclosures in the city have reached an all-time high New York homeowners are in default mode — again. The city leads the nation in repeat foreclosure filings And the … Continue reading →

Posted in Foreclosures, NYC | 183 Comments

2.5 month supply of homes in Brooklyn

Posted on April 13, 2017 by grim

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Better than renting out?

Posted on April 9, 2017 by grim

From the NYT: Making a Living With Airbnb New Yorkers who welcome strangers into their homes by becoming Airbnb hosts have found that the experience can be at turns nerve-racking, humorous and sometimes embarrassing. But for some determined hosts, it … Continue reading →

Posted in Demographics, Economics, NYC | 37 Comments

The year of the ‘burbs?

Posted on March 18, 2017 by grim

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC | 93 Comments

Upside for Jersey?

Posted on January 13, 2017 by grim

From Bloomberg: Brooklyn Home Sales Soar as Buyers Flee Manhattan Price Hype Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as … Continue reading →

Posted in New Jersey Real Estate, NYC | 64 Comments

NYC Over-Gentrified?

Posted on December 2, 2016 by grim

From Business Insider: The Fed confirmed some of the most troubling trends in Manhattan real estate The Federal Reserve on Wednesday supported recent data showing some worrying trends in parts of Manhattan’s real-estate market. The Beige Book compiled anecdotes from … Continue reading →

Posted in Economics, NYC | 90 Comments

You better learn to drive a forklift

Posted on November 21, 2016 by grim

From the WSJ: In New Jersey and Long Island, Developers Eye Office-to-Warehouse Conversions Peter Sudler didn’t make the decision to demolish one of his top-end suburban office buildings lightly. But he knew better than to fight the market. “Rather than … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC | 117 Comments