Housing America’s Older Adults – Florida, Traveling & Roommates
America’s Newest Seniors Are Changing the Face of Retirement After a decade of arrested development, Millennials are finally the biggest generational cohort in the home-buying market. But, Baby Boomers – those born between 1946 and 1964 – are still comfortably ahead in homeownership rates. With the youngest Boomers now aged 55, this is already the…
Hudson Yards and Little Italy Take Top Spots as SoHo Falls
Key takeaways: Hudson Yards enters the list as the 2nd most expensive NYC neighborhood in Q2 2019 Little Italy prices increase 153%, landing the neighborhood in the 3rd spot Cobble Hill jumps 171% to secure the 7th position DUMBO continues its slide, down another 40% Y-o-Y The top 50 most expensive neighborhoods in New York City had…
NYC Foreclosures Drop 4% Y-o-Y, Pre-Foreclosures See a 13% Uptick – Q2 2019 Report
Key takeaways: NYC foreclosures decrease 4% year-over-year The Bronx sees the steepest drop in foreclosure activity, a 24% drop Y-o-Y Foreclosures only increased in Brooklyn (7%) and Staten Island (9%) In Queens, foreclosure cases dipped 9% year-over-year Lis pendens increased 13% Y-o-Y, and 31% Q-o-Q First-time foreclosures in New York City decreased 4% year-over-year, with a…
The Post-Recession Housing Pulse of Medical Centers – Nursing Wages and Home Price Growth
After looking at the best cities to buy a home in based on your occupation, we decided to switch things around and analyze cities from the perspective of one occupation. With roughly 1 in 53 Americans now employed as nurses, we decided to take a look at the evolution of home prices and nursing wages…
Theatre District Median Home Prices Go Up 63% in Q1 2019, Queens’ Ditmars Surges 115%
Key takeaways: TriBeCa, SoHo remain #1 and #2 most expensive NYC neighborhoods in Q1 2019 Garment District prices increase 49%, landing the neighborhood in the 3d spot Theatre District median reaches $1.7 million with 54 transactions The East & West Village prices declined 35% and 56%, respectively Queens’ Ditmars – Steinway median prices go up…
Brooklyn Foreclosures Drop 22% in Q1 2019, Bronx Foreclosures Up 28%
Key takeaways: NYC first-time foreclosure cases decreased 5% in Q1 2019 In Q1 2019, Queens had the highest number of unique cases: 315 foreclosures The Bronx had the largest increase in foreclosure activity, with a 28% surge With a 22% drop, Brooklyn foreclosures decreased the most among the five boroughs NYC lis pendens decreased 13%…
Most Expensive Street in the Hamptons Posted a $15M Median Home Sale Price in 2018
Even though the number of home sales in the Hamptons has slowed, there was no shortage of houses trading for over-the-top prices in 2018. As the median home sale price in the Hamptons dropped below $1 million last year, two streets actually saw median sale prices pass the $10 million mark. Truth be told, buying…
Median Home Prices Along the Bronx’s Grand Concourse Increased 68% in the Last 5 Years
Once dubbed the “Park Avenue of the Middle Class”, the Bronx’s Grand Concourse has become something of a phenomenon ever since the thoroughfare opened in 1909. Fast-forward 110 years, and the desire to live here has become greater than ever. The elevated housing demand in the neighborhoods around the boulevard pushed the median home sale…
The Most Expensive Homes Ever Sold in New Jersey
Just a stone’s throw from pricey New York City, New Jersey’s real estate market is a very different creature. While the Jersey’s property market may not have NYC’s record-breaking prices and high-profile deals, its proximity to NYC presents an attractive opportunity to buyers looking for ample acreage close to Manhattan From music moguls such P….
Do Tiny Homes Live Up to the Hype?
Key Takeaways: Tiny homes have not yet gained a large share of the residential market, having been responsible for only 2% of all home sales in NYC and San Francisco for the last eight years. New apartment buildings have smaller units on average, with almost three quarters of them being under 1,000 square feet in…
What Are the Best Cities to Buy a Home in Based on Your Occupation?
In the age of renters, buying a home for some is only a distant dream. Most of the younger generation is mired in student loan debt and stuck paying high rents, with slim chances of saving even a penny for a down payment. Homeownership is especially hard for graduates that remain in high-cost cities after…
The Rise and Fall of the American Downtown – A Look into the Home Price Evolution of the Nation’s Urban Cores in the Decade Since the Downturn
From a city’s economic engine to the center of political and administrative power. From cultural heart and nightlife hotspot to dilapidated buildings and high crime rates. From opulent penthouse suites to derelict homes. The downtowns of American cities, both big and small, have always been dynamic places that shifted with the times. From the early…
Top 10 Most Expensive Home Sales of 2018 in Upstate New York
There’s always something that grabs people’s attention when it comes to top 10 lists, especially when it’s about people paying exorbitant prices for luxury real estate in interesting locations. As 2018 came to a close, we thought about rounding up the top 10 most expensive residential sales in Upstate New York. The sale prices in…
NYC Residential Foreclosures Are Stabilizing (Q4 2018)
Key takeaways Queens, with an 8% increase Y-o-Y, was the only borough to see an uptick in foreclosures: Closing Q4 with 178 cases, Brooklyn saw a 6% Y-o-Y drop The Bronx foreclosures plummeted 54%, with only 90 properties heading to auction in Q4 Staten Island first-time cases increased a whopping 269% quarter-over-quarter Lis pendens cases…
Eight-Figure Medians and Record-Breaking Deals – These Are 2018’s Most Expensive Neighborhoods in the L.A. Area
Los Angeles and Malibu may dominate by sheer volume of expensive locations, but Beverly Hills claims 3 of the 5 priciest L.A. area neighborhoods.
Which Are the Most Expensive Neighborhoods of San Francisco in 2018?
Key takeaways: At #1, Presidio Heights prices grew 24.5% Y-o-Y to $4.5 million Sea Cliff landed at #2 with a median home sale price of $3.88 million Lone Mountain saw the biggest surge in prices: 57.4% increase Y-o-Y With a $1.2 million median, the Financial District didn’t make the top 50 shortlist Clarendon Heights (-14%)…
Which are the Most Expensive NYC Neighborhoods of 2018?
Key takeaways: TriBeCa remains the priciest neighborhood, with a median sale price of $3.85M With 41 sales and a 41% increase Y-o-Y, the Garment District lands on the third place The Flatiron District (-32%) and Little Italy (-42%) both see major decreases Financial District prices plummet 34%, and median prices go below $1M Roosevelt Island…
Top Most Expensive U.S. Zip Codes in 2018
Editor’s Note: PropertyShark is saddened by the loss of life and property caused by the California wildfires. The article below is simply a presentation of hard data and in no way attempts to ignore the devastation that these areas are experiencing. Key takeaways: Atherton’s 94027 remains the #1 most expensive zip code thanks to a…
What Does Amazon’s LIC Base Mean for NYC Real Estate?
The internet has been in a frenzy ever since Amazon let the cat out of the bag and officially announced its two new headquarters. The retail giant’s bold move split people into two camps, with arguments on both sides about whether Amazon’s descent on Long Island City and Arlington is actually good for the communities….
Top 10 NYC Landlords Who Improved the Highest Percentage of Their Portfolio
Being a good landlord is not always easy, as it requires having to juggle several responsibilities at once. Landlords must constantly strive to keep their properties at 100% occupancy, build solid relationships with tenants and maintain their assets in decent condition. One might argue that one of these responsibilities is more important than the other,…
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