Weekly Manhattan & Brooklyn Market: 12/18

Photo by Magnus Andersson Week of 12/18 REVERSION TO THE MEAN The Elegran | Forbes Global Properties NYC Consumer Sentiment Index, below, illustrates what we vividly remember - that sentiment was extremely low from March through June 2020.  Then, 2021 through much of 2023 saw a boom in demand, regul

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Weekly Manhattan & Brooklyn Market: 12/11

Joseph Barrientos | Unsplash Week of 12/11 An Uneven Return to Positive Territory  This week, the Elegran | Forbes Global Properties NYC Consumer Sentiment Index returned to positive territory. Measuring +12 this week, consumer sentiment has shown a notable recovery, increasing from last week's scor

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Elegran Brooklyn Market Update: DECEMBER 2023

Josh Harrison | Unsplash Brooklyn Market Update: Equilibrium is Not Neutrality Sales Insights: “Neutral” markets don’t exist because buyers and sellers are constantly playing tug-of-war for leverage. Over the past 9 months, there’s no clear winner as buyers & sellers reach equilibrium.¹ Last month,

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