Manhattan Rents Hit New Record High As Peak Season Could Lead To Cooling In Fall

Manhattan Rents Hit New Record High As Peak Season Could Lead To Cooling In Fall Manhattan apartment rents jumped again in July into uncharted territory as a combination of low...

Average rent in Manhattan was a record $5,000 last month

The average monthly rent for a Manhattan apartment surpassed $5,000 for the first time. Brokers say demand and prices are headed even higher into the fall. Average rental prices were up 29% over...

Housing Market Bubble: Jonathan Miller Predicts the Best Time to Buy

Jonathan Miller is the co-founder of Miller Samuel Inc, a real estate and consultancy firm. Miller Samuel powers some of the biggest real estate agencies in the US. Miller has seen a range of...

Are rising mortgage rates already cooling the hot real estate market?

The National Association of Realtors will release the latest data on sales of existing homes. The numbers are expected to offer a closer look at the big shift underway in the U.S. housing market...

You now need to earn at least $160K a year to rent anything in NYC

The median ask for a rental in Manhattan has skyrocketed to $3,925 a month. That means, in order to apply for a city apartment, a renter would need to earn $157,000 per year. It’s a new record...

The Hamptons summer rental market is facing an unexpected chill as inventory piles up and prices come down

After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging. Brokers say weaker demand is partly the result of increased travel elsewhere. Median rental...

Manhattan rents have never been this expensive

The monthly rent paid by a tenant for a condo or coop in Manhattan was $3,870 in April. Last year, the net effective median rent -- or the amount tenants pay after factoring in incentives from...

Manhattan real estate breaks record in 2021, reaching $30 billion in sales

Manhattan real estate rebounded from the pandemic with a record $30 billion in deals. Fourth-quarter sales volume of over $6.7 billion marked the best fourth quarter in at least 32 years. Brokers...

Real-estate brokers brace for 'flood' of wealthy buyers from overseas as travel restrictions lift

Foreign buyers spent $267 billion on U.S. real-estate in 2018 and $183 billion in 2019, before the pandemic. Sales data suggests the wave of overseas buyers could generate tens of billions of...

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