Elegran’s Monthly Leverage Indicator: December 2022

December 2022 Elegran’s Leverage Indicator informs us whether the current is a buyer’s or a seller’s market; i.e, which party possesses transactional leverage. Looking at the graphs below, this is indicated by the direction of trendlines. Our indicator also informs us regarding the relative strength

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Elegran Brooklyn Market Update: December 2022

Brooklyn Market Update In relation to its pre-pandemic average (the period Jan 5, 2015 — Mar 1, 2020), Brooklyn’s residential real estate market is hot. White hot. Despite lofty mortgage rates, demand for the borough is nearly 2x that pre-pandemic average, and November’s price per square foot (altho

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Elegran Manhattan Market Update: December 2022

Manhattan Market Update Despite the significant number of concurrent headwinds — lofty mortgage rates, losses within the financial markets, inflation, recession fears, etc, many Manhattan metrics remain at pre-pandemic averages. And that’s a win, as we’ve been reporting for months. Dangerously close

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