Weekly Manhattan & Brooklyn Market: 5/9

Photo by Bruno Martins on Unsplash Week of 05/09/22 This week Manhattan supply fell for the first time in seven weeks, despite 567 new listings coming to the market. While contract activity remained above 300 in Manhattan and above 200 in Brooklyn this week, which is seasonally very strong, contract

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Research Note: Mortgage Rate as a MOTIVATOR & DETERRENT

Photo by MOHD AZRIN on Unsplash After peaking during the week which ended on May 2, 2021, new development contract volume spent the remainder of the year trending downwards towards its pre-COVID long-term average, as indicated by the perforated trendline in the graph below. During that same period,

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Research Note: Avoiding Two Common Real Estate Mistakes

Photo by Rhema Kallianpur on Unsplash Negative news and stats have begun to invade the airwaves. “Mortgage Rates Are Accelerating Faster Than at Any Point in History” headlines read. “NYC Price Growth May be Peaking” suggest others. Such headlines often protect consumers from financial loss, but the

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