Weekly Manhattan & Brooklyn Market: 1/8

Week of 1/8/23 We’ve said it week after week after week, but the repetitive nature of our posts make the observation no less potent. Demand for NYC residential real estate is incredible. Throw-economics-out-the-window kind of incredible. Why? Because it’s average. Almost overnight, COVID fears slamm

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Elegran Brooklyn Market Update: January 2023

Overall Brooklyn Market Update: January 2023 Brooklyn Market Update: A Pendulum Stuck on the High Side The chart of Brooklyn below is so incredible, there appears to be an error in the data. Only there’s not. Demand for Brooklyn since mid-July 2020 is simply jaw dropping. Using once again our pendul

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Elegran Manhattan Market Update: January 2023

Overall Manhattan Market Update: January 2023 Manhattan Market Update: 20% Less Demand? Consider Us Lucky. As we start 2023, our principal focus is, yet again, demand. Why the constant focus on demand? Because it is the fuel that powers the engine. If demand is strong then things are in motion. Comp

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