Why Do You Need an Expert Agent to Price Your Home Accurately? Overpricing is often seen as the main reason why certain homes last longer on the market compared to others. …

Week of 12/20/2021 This week in both Manhattan and Brooklyn overall supply continued to decrease, while pending sales rose, driving the Market Pulse higher again. Manhattan’s market pulse is 0.81, the highest in three months, and Brooklyn’s is 1.20, setting a new high water mark. Both new supply and contract activity in Manhattan…

Week of 12/13/21 This week, total supply in Manhattan and Brooklyn continued to decrease and pending sales rose in both boroughs. The Market Pulse increased, as inventory is declining while demand is increasing. Manhattan’s market pulse is 0.77 and Brooklyn’s is 1.15, indicating strong buyer activity and increasing leverage for…

Manhattan Market Update

3 Questions Homeowners Are Asking About Selling Their Homes This Winter That rising mortgage rates have deterred many potential homebuyers over recent months is no longer news. But with winter upon us, it’s bringing a new set of questions for those looking to sell their homes. Are buyers still out…

5 Ways Homebuyers Can Prepare to Reenter the Market Today’s low housing inventory, inflated home values, and high mortgage rates have forced eager homebuyers in NYC and elsewhere to the sideline. Of the three ingredients in the homebuying recipe — inventory, price, and rate — only the latter is causing…

Week of 11/07/22 The inflation rate is +151% higher than its long-term average. JUMBO mortgage rates are up +109% YTD. ^GSPC (the S&P 500 index) has given back –21% YTD. And yet, demand for NYC residential real estate (as measured by weekly signed contracts) continues to equal or exceed its…

Brooklyn Market Update

Manhattan Market Update