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According to a new report by construction industry advisory firm Construction Coverage, after stiff competition and fast-rising prices—approximately 40% in a two-year span—the residential housing market began cooling in the second half …
There was a time not so long ago when having ground floor commercial space—or any rentable non-residential space, really—was a huge asset for a condominium or co-op building. The income stream from the space to the community helped offset o…
New York City is known for its hustle - after all, as the song says: if you can make it here, you can make it anywhere. But if ‘making it’ here includes owning a median-priced home, a new report by nationwide moving coordinators HireAHe…
There was a time not so long ago when having ground floor commercial space—or any rentable non-residential space, really—was a huge asset for a condominium or co-op building. The income stream from the space to the community helped offset o…
What sells an apartment? Is it the feel of the space, the light, or the layout? Is it the price alone? Or something else entirely? Maybe a feeling of ‘hominess’ that calls out to the buyer: This is where you belong! Or perhaps it’s all thre…
Despite the acute recent rise in interest rates, the tristate condominium and co-op market continues to show strength; a decline doesn’t seem to be imminent - at least not in the foreseeable future. For many seeking home ownership in a more…
According to a new study by Construction Coverage examining where and to what degree homebuyers are most impacted by rising mortgage interest rates, those rates are now more than double what they were in early 2021. As a result, spirali…
In a recent report , building and development consulting firm Construction Coverage looked at the best and worst months to buy a home in different locations throughout the U.S. They found that nationwide, home prices peak in the summer m…
For the first time in many years, interest rate volatility is a factor in the housing market. The long period of low inflation and low-rate stability that characterized equity growth and a seemingly permanently turbo-charged housing market …
Late last month, NYC development and construction management firm New Empire Corp. announced the acquisition of neighboring sites for development in Flatbush, Brooklyn. Acquired for $18 million, the lots are located at 757-767 Flatbush Av…