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It’s official: New York City has its tightest housing market in 50 years, and the affordability crisis facing middle-class New Yorkers has reached historic proportions. A quarter of the city’s tenants spend more than half of their income on rent. And with significant increases in both interest rates and home prices, a family now needs […]
If you’re looking to invest in sizzling real estate markets, look no further than New York! Bucking the national trend of cooling markets, New York state has three cities claiming the top spots on Zillow’s 2024 Market Heat Index. Let’s dive into why Rochester, Syracuse, and Buffalo are burning up the housing charts. New York […]
2024 brings new trends and challenges to New York’s real estate market, offering investors and buyers exciting opportunities. BROOKLYN, NEW YORK, USA, May 16, 2024 /EINPresswire.com/ — The New York real estate market in 2024 is characterized by a dynamic mix of trends and challenges, offering both opportunities and considerations for investors and buyers alike. […]
The housing market has been a hardscrabble landscape for many homebuyers for years now. First, buyers looking for homes at the height of the COVID-19 pandemic enjoyed low mortgage rates, yet faced massive competition that helped drive median home prices to all-time highs. As the pandemic receded, mortgage rates shot up to the mid-6% to 7%-plus range, […]
The Global Wellness Institute (GWI), a nonprofit research organization, released a new data report yesterday at the third annual Wellness Real Estate & Communities Symposium in New York. The report reveals that wellness real estate has been the fastest-growing market in the 11-sector wellness economy in recent years, surging from $225 billion in 2019 to […]
Rudy Giuliani’s upscale Manhattan residence has returned for sale shortly after the former New York City mayor found himself suspended from his radio show at WABC, The Post has learned. The property, located at 45 E. 66th St., has reemerged with a notable price adjustment. It’s now listed for $5.7 million, representing a $400,000 reduction […]
A recent analysis by ResiClub of the Case-Shiller National Home Price Index has unveiled a jaw-dropping surge in US home prices, soaring a lofty 47.1% since the dawn of this decade. The boom witnessed in the early years of the 2020s has outpaced not only the growth of the 1990s and 2010s — but is […]
Multiple locations in Upstate New York were among the hottest real estate markets in the U.S. in April, including one spot that made the top five, according to data from the National Association of Realtors. The 14626 ZIP code located outside Rochester in the town of Greece was the hottest New York location for real […]
Does it make sense for you to buy a home right now? It is the biggest financial decision for many younger adults: Should I rent a home or buy one? The decision is especially difficult these days, with both interest rates and rents having risen in the past few years. To help people understand the […]
Assumable mortgages — or low-rate mortgages that home buyers can take over from home sellers — are making a comeback. The process can be challenging. Home prices were already high when Ellen Harper, a software architect living in Atlanta, started searching for a house in 2021. But she couldn’t have anticipated the quick surge in […]
Image: https://www.abnewswire.com/uploads/8fda513ae3d3e28a3ed41372ea773857.png New York, NY – May 9, 2024 – For decades, the playbook for landlords in New York City has been straightforward and profitable: acquire rent-stabilized buildings, renovate them, pass renovation costs to tenants through rent increases, and capitalize on rising market rates. However, recent regulatory changes have upended this traditional model, leading to […]
At TRD’s Real Estate Forum, Jed Walentas says demand from smaller tenants is rising From left: TRD Editor-in-Chief Stuart Elliot, Eastdil Secured’s William Silverman, Stijn Van Nieuwerburgh, Two Trees Management’s Jed Walentas and Related Office Development’s Philippe Visser (Photos by Alive Coverage) Two Trees’ Jed Walentas believes the narrative around New York City’s office market […]
There’s more than one way to own a house these days. Sites including real estate startup Pacaso are opening up a new market for people looking to own just a fraction of a house — for a fraction of its total price. Instead of laying claim to an entire single-family home, Pacaso sells luxury single-family […]
