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As New York continues its efforts to re-open its economy safely amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market - which had experienced a decline even before…
According to a June 8 press release from The Real Estate Board of New York (REBNY), tax revenue generated from investment and residential sales in New York City and New York State decreased by 76% from May 2019 to May 2020, and 40% from A…
The Real Estate Board of New York (REBNY) reported in a May 20 press release that tax revenue generated from investment and residential sales in New York City and New York State decreased by 48% from April 2019 to April 2020, and 64% from M…
According to the Real Estate Board of New York (REBNY)’s Q1 2020 Quarterly Residential Sales Report , released on May 13, “New York City’s total sales volume and total residential transactions decreased significantly to reach lowest poin…
With the coronavirus/COVID-19 pandemic throwing the brakes on so much everyday economic activity, the nation may be teetering on the verge of recession as governments and financial institutions attempt to control not just the spread of the …
Shocking absolutely no one, the National Multifamily Housing Council (NMHC)'s recently-released Quarterly Survey of Apartment Market Conditions for April 2020 shows unit sales and other indicators slumping as the residential real estate ind…
In a statement released on April 9, the Real Estate Board of New York (REBNY) reports that broker confidence in NYC has hit its lowest point on record, according to the trade association’s Q1 2020 Quarterly Real Estate Broker Confidence …
amNewYork gives the borough-by-borough breakdown of residential sales over the last decade as the 2010s come to a close. Overall, the city saw real estate prices increase between the first quarter of 2010 and the fourth quarter of 2019,…
As the New York co-op and condo markets continue to cool, the question for many a would-be seller is whether to absorb the contraction is prices, or to rent out their unit and wait for the market to make a comeback. The answer may be conti…
A former Salvation Army distribution center at 26 Quincy Street in Brooklyn's Clinton Hill neighborhood is slated to be internally renovated into a 49 condominium units by development partners Loktech Group and Meral Property Group. The par…