Where Are NYC’s Smallest & Largest Condos? South Astoria Units Clock in at Just 631SF, Hudson Yards Condos Hit 2,045SF
While NYC condos have a median size of 921 square feet, at the neighborhood level, median sizes range between 631 and 2,045 square feet.
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.
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.
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.
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 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.
25+ Budget-Friendly Hamptons Homes on the Market: From Classic Cape Cods to Ranches and Cozy Cabins, All Under $1M
Amid seven- and eight-figure homes and sprawling estates, there are still budget-friendly hidden gems for buyers looking at the iconic region.
Proposed Key Changes to 1031 Rules Under the Biden Administration’s New Plan
Significant changes may be on the horizon for 1031 exchange rules that aim to limit eligibility, increase tax rates and cap deferral amounts.
Which NYC Neighborhoods Saw Sales Fall the Most in the Past Year? Staten Island Claims Top Spot with Dongan Hills’ 86% Drop as Sales Contract in 193 Neighborhoods
193 NYC neighborhoods logged clear drops in sales, and only 22 experienced increases in transactional activity as market slowdown continues.
Is Title Insurance Necessary in NYC?
While it is not legally required to purchase title insurance when buying real estate, there are important aspects to consider why you should.
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