Weekly Manhattan & Brooklyn Market: 1/30

Week of 1/30/23 For the past two non-holiday weeks, we’ve reported that demand for NYC has been significantly below its pre-pandemic* benchmark. Well, this week, the numbers are even worse. It’s time to make a call. Was NYC dangerously overbought post-COVID and now heading into a drought, or, is the

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Weekly Manhattan & Brooklyn Market: 1/23

Week of 1/23/23 Last week, we reported “news” of the worst performing week for NYC residential real estate demand since that ending December 27th, 2020. But news it was not, or so we opined, being nothing more than a carryover of the seasonal holiday slump. However, this week, the results are even w

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Weekly Manhattan & Brooklyn Market: 1/16

Week of 1/16/23 For weeks, we’ve been vocalizing our amazement that, after 18-months of being overbought, demand for NYC hasn’t dropped well into underbought territory. Instead, it’s been bouncing along the pre-pandemic* average. However — drum roll, please — we finally have something new to report.

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