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Browsing All posts tagged under »Market Report«

StreetEasy New Development Report for July

August 15, 2012

I’ve already contacted StreetEasy regarding their incorrect ‘Notables’ section (the summary repeated in the email that goes out and the PDF), but the StreetEasy new development report shows reduced inventory (18% down year over year) and increased contracts (up 7.7% not down 32.8% like what they say in the summary). This is a recipe for […]

4th Quarter Real Estate Report from Corcoran

January 29, 2012

Corcoran has just released the 4th Quarter 2011 Market Report. The Blumstein Team finished with strong production in a waffling market, and the news is equally mixed. In short, average price per foot is down 2% in coops year over year, and condos are up 4% with a net of -1%. Condo inventory is low, […]

Corcoran Market Snapshot for February 2011 – Sales Volume and Price Per Square Foot Both Jump Over 10%

March 9, 2011

Even though February is the runt of months, it managed enough oomph to pour paint all over the illustrious ‘1st month of the year’. Co-op sales were up 34% over January 2011, and condos saw a 21% rise. Compared to a year ago February, the jump is 5% and 17% respectively. Price per square foot […]

Corcoran’s 4th Quarter 2010 Market Report

January 12, 2011

It is our pleasure to inform you that Corcoran has released its Fourth Quarter Corcoran Report, our quarterly survey of residential real estate sales in Manhattan. This report compares data based on deals that closed in 4Q 2010 (October 1 through December 31) with those closed in the prior quarter and in the same quarter […]

Rents Rise as NYC Vacancy Rates Continue to Fall

January 10, 2011

Even with the addition of over 7,000 residential units from developers throughout New York City, the Wall Street Journal is reporting that vacancy rates fell from last quarter and rents continue to rise. In broad terms the average rent in NYC is within reach of $2,800 and vacancy for all boroughs is just above 3%. As […]

Corcoran’s November Market Snapshot for Sales

December 14, 2010

Recently we posted about the Rental state of Manhattan. Corcoran just released their report on Condos and Coops. Topline: – Inventory is down from October 6% for both Condo’s and Coops, but while there are 6% fewer Condos than a year ago, Coop inventory is actually up 15%. – All in all apartments are spending […]

November 2010 Rental Market Report for NYC, Intricacies Explained

December 9, 2010

The new Citi Habitats ‘State of the Market’ report just came out and gives us some insight into how the rental market is looking. Topline: – Relative to October 2010, Vacancy rose .05%, meaning 1 more apartment per 2000 was on the market than in October. Compared to a year ago however, vacancies are down […]

John Paulson – Buy a Home (I have faith in you… this time)

October 26, 2010

John Paulson, the man who made billions of dollars of the recent financial meltdown, is now encouraging a practice he once shorted for immense personal gain ($3.7B salary in 2007). While many dispute the integrity of someone keeping mum while anticipating a tsunamic meltdown, he is undeniably smart and in tune with the mortgage market, one […]

Harvard Review the State of the Nation’s Housing

October 19, 2010

Recently the Joint center for Housing Studies of Harvard University released their State of the Nation’s Housing 2010. It is mind-numbingly thorough – diving into many subfields of housing (new development, resale, reconditioning, foreclosures, etc) and provides a basis for the rational breaking down the data into a myriad of variables (first time buyers, immigrant buyers, joblessness […]

US Vacancy Rates drop 0.6% to 7.2%

October 6, 2010

A few days ago we wrote about the more confident landlord mindset heading into the fall of 2010. However, due to a small increase in vacancy in the city from the lows of July/August, there was a question of if it would last. Well, an article just released by Reuters discusses how the national vacancy rate […]