The Federal Reserve announced a 50 basis point (0.5%) rate reduction.

Rihards Gederts - Elegran | Forbes Global Properties This is a long-awaited rate cut - the first in 4-years and the largest rate cut since 2008.What could it mean for Mortgage Rates and NYC Real Estate moving forward? Impact on Mortgage Rates: Although recent and expected rate cuts are already facto

MORE

Weekly Manhattan & Brooklyn Market Update: 9/16

Rihards Gederts - Elegran | Forbes Global Properties Inventory & Contract Volume Rise as the Fall Market Takes Shape The fall real estate market is picking up momentum.  In Manhattan, inventory rose by 5.3% in the last week as new listings hit the market, although total supply remains 1.5% lower tha

MORE

Weekly Manhattan & Brooklyn Market Update: 9/9

Rihards Gederts - Elegran | Forbes Global Properties New-To-Market Inventory Surges After Labor Day As anticipated, the fall market kicked off with a surge in new inventory following Labor Day. Manhattan experienced a significant uptick, with 506 new listings, a 278% increase compared to the previou

MORE