Exodus of population from dense environments has led to a scarcity of inventory and a sharp escalation in residential real estate prices in the suburbs…Can it all be sustained? Pandemic has caused property in less dense locales to be in high demand and short supply, leading to sharp increases in prices. Add to the mix […]
In the New York City apartment rental market, what is the appropriate rent/income ratio that is required to be paid by individuals seeking shelter? Sadly if you’re a renter and gladly if you’re the building owner, market conditions mandate that many in NYC are paying 50% or more of their income for an apartment… And not for […]
In 2017, with a new President in the White House, mortgage rates on the rise and New York City new construction both for sale and rent increasing, what can we expect from the NYC real estate market? Freelance journalist Emily Nonko, in conjunction with CityRealty, sought out some experts on the New York City real estate market in […]
For readers interested in the subject of NYC air rights, this article examines how developer appetite in Manhattan seems to be waning utilizing price as anecdotal evidence! And, for those readers not particularly focused on this subset of the NYC real estate market but who have none-the-less had to suffer through many recent articles on the subject, rest […]
Anyone looking to buy a home in New York City’s tonier neighborhoods knows that sticker shock is a definite possibility! Asking prices in Manhattan have been known to top the $100MM mark, driven in no small part by foreign buyers looking for a currency storehouse. But these apartments, if strictly for investment, can be left empty with little impact on […]
In an article on April 24 Hallmark Abstract Service had presented the findings of a New York City Comptroller’s Office report that concerned the affordability of housing in the five boroughs! The title of the article, ‘NYC Housing Affordability: Survey says…it really isn’t!‘, told anyone who was about to read it most everything that they needed to […]
