Reality Check on Expectations: Post-COVID New Development Absorption Study

Photo by Benny Rotlevy on Unsplash Leveraging Marketproof’s data integrity and sorting prowess, we’ve been keeping an accurate tally of weekly contracts signed on sponsor-owned units since the pandemic began. To provide some perspective, we also determined the long-term average of weekly signed cont

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Weekly Manhattan & Brooklyn Market: 5/16

Photo by Mick Haupt on Unsplash Week of 05/16/22 After falling last week, Manhattan supply rebounded and increased this week by more than 3% and, for the eleventh week in a row, more than 300 contracts were signed. Brooklyn’s supply also rose by nearly 2% as more than 200 contracts were signed for t

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What Are the Typical Closing Costs for Buyers in NYC?

Photo by berenice melis on Unsplash Closing costs are fees charged by lenders, attorneys, title insurance companies, and other third parties at the conclusion of a real estate transaction. These are typically out-of-pocket fees, meaning buyers aren’t able to roll them into the mortgage as a way to f

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