Weekly Manhattan & Brooklyn Market: 10/31

Week of 10/31/2022 JUMBO mortgage rates are higher by +114% YTD and ^GSPC (the S&P 500 index) is down by –19% YTD, yet contract volume remains at or above its average level for the 5-year period preceding the pandemic. This week, specifically, the Manhattan, Brooklyn and Queens aggregate contra

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Weekly Manhattan & Brooklyn Market: 10/24

Week of 10/24/22 For the past few weeks, our message has been consistent: despite numerous national and international headwinds, NYC residential real estate is a case study in asset stability. After a record setting 18-months for contract activity, which ended abruptly in May, contract activity

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Weekly Manhattan & Brooklyn Market: 10/17

Week of 10/17/22 As the Manhattan and Brooklyn markets normalize coming out of the pandemic, it’s important to utilize a fair benchmark for the basis of comparison. Just as a fair benchmark would not be the first months of COVID where contracts plummeted, neither would be the atypical 2021 and

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