Reflection on the Year 2023 in Real Estate
2023 was marked by some notable developments in real estate that should set the stage for an intriguing 2024 and beyond.
5 Types of Businesses That Can Leverage Self Storage to Maximize Space
Businesses increasingly use self storage, renting extra space for stock, equipment, paperwork and much more. The flexibility of this service lets freelancers, entrepreneurs and large companies alike expand operations by taking advantage of a wide range of unit sizes, whether their storage needs are regular or unpredictable. Self storage tends to score better than warehousing…
2023 Annual Foreclosure Report: NYC Cases Nearly Double Year-Over-Year, but Still Reach Only Half of Pre-Pandemic Levels
NYC foreclosure cases nearly doubled in 2023, yet the city’s caseload remained at only half of pre-pandemic figures.
Pros & Cons of Mayor Adams’ Zoning Change Proposal to Boost Housing Supply in New York City
Meant to boost NYC’s housing stock, Mayor Adams has proposed a number of zoning changes to ease the development and redevelopment process.
Top 50 Most Expensive NYC Neighborhoods in 2023: Sales Activity, Prices Down Compared to Last Year
The median sale price slipped to $728,000 in 2023, a 3% fall compared to 2022, marking the first year-over-year decline in over a decade.
Manhattan Leads U.S. in Office Mortgage Maturities
A significant 32.5% of Manhattan’s total office mortgage volume — which amounts to $56.7 billion — is set to mature by the end of 2026.
Top 25 Most Expensive Zip Codes in New Jersey: Alpine Returns to Leading Spot with Record $2.94 Million Median Sale Price
Prices in New Jersey’s top zip codes are on the rise, with four surpassing $2M and another eight coming in north of $1.5M.
Top 25 Most Expensive Zip Codes in Upstate New York: Prices Stay Resolutely Below $1 Million
Although Upstate New York’s prices were much lower than in NYC or on Long Island, its most expensive zips were still above the national median.
Top 50 Most Expensive Zip Codes in New England: Boston Maintains Lead as Massachusetts Claims 39 of Region’s Priciest Areas
New England’s 50 highest-priced zip codes in 2023 ranged between $1.08 million and $2.8 million, with Massachusetts claiming more than 70%.
New York City Mayor Adams’ Zoning Change Proposal to Boost Housing Supply
NYC Mayor Eric Adams unveiled the “City of Yes for Housing Opportunity” proposal to address the escalating housing crisis in New York City.
Top 25 Most Expensive Greater Washington Zip Codes in 2023
Out of the 25 ranked zip codes, 16 recorded a median sale price above $1 million, with overall medians between $865,000 and $1.65 million.
Top 100 Most Expensive U.S. Zip Codes: 2023 Marks Yet Another Record Year, Despite Market Slowdown
While more than half of the zip codes record drops in median sale prices, Atherton and Sagaponack reach $8 million for the first time.
Top 50 Most Expensive NYC Neighborhoods in Q3 2023: Brooklyn Enters Top 3 for 2nd Time This Year
DUMBO came in as the third-priciest neighborhood in NYC with its median sale price climbing 60% year-over-year.
NYC Flood Zones: As Flooding Events Become More Frequent, How Are They Affecting Home Prices & Sales?
Since 2012, buyer interest has cooled somewhat in NYC’s flood zones, with medians here rising only 33% compared to 53% in low-risk zones.
Commercial to Residential Conversions & High Office Vacancies in NYC
Commercial-to-residential conversions are increasingly explored to help repurpose underutilized CRE and address the lack of affordable housing.
2023 Q3 Foreclosure Report: NYC Foreclosures Increase 44% Year-Over-Year, Brooklyn Cases Surge 185%
NYC recorded 427 foreclosure filings in the third quarter of 2023, up 18% compared to the previous quarter.
Digital Signatures vs. Electronic Signatures: Understanding the Difference
Often used interchangeably, the terms digital signatures and electronic signatures play different roles in validating documents and transactions.
New York Land Banks 101: Understanding the Basics & Functions
What do New York land banks do? Explore the objectives, functions, and influence on local communities of New York land banks in 2023.
Top 50 Most Expensive NYC Neighborhoods Q2 2023: Hudson Yards Remains in the Lead While SoHo Overtakes TriBeCa After 9 Quarters
Sales rose in 11 of the city’s 50 most expensive neighborhoods in Q2, including in TriBeCa, Boerum Hill and Red Hook.
2023 Q2 Foreclosure Report: NYC Foreclosures Up 81% Year-Over-Year, But Seemingly Plateau Quarter-Over-Quarter
As Q2 comes in just 12 cases below Q1, it remains to be seen if the change is part of a wider trend of stabilization or just a seasonal glitch.
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