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Market Insight

Want to buy an apartment in the city, but aren’t sure where to start? Check out these insights from NYC real estate broker Karen Palacios on what the cut-throat city real estate market is really like.
In October 2025, a report released by New York State Comptroller Thomas P. DiNapoli found that Wall Street's profits could top $60 billion if trends continued as they were; at that point, the securities industry had earned $30.4 billion in the first half of 2025 alone, over half of the previous y...
From February 2-8, 2026, 164 residential contracts were signed in Manhattan, holding steady week over week. The first full week of February 2026 was marked by bone-chilling temperatures in New York City, but it was a hot week for Manhattan's luxury market with 41 listings asking over $3.9 million...
 
In 2025, core New York City areas recorded just over 11,000 signed residential contracts: 44 percent condominiums, 54 percent co-ops and condops, and the remainder townhouses. If all properties sold at their last asking prices, total contract volume would exceed $25.5 billion. The overall average...
As part of the wave of office-to-residential conversions sweeping over Manhattan, few buildings have been as primly positioned for for-sale residences as 67 Irving Place. Sales officially launched last week on the building's eleven expansive one-per-floor residences designed by Morris Adjmi Archi...
As of this writing, there is an extreme cold warning in effect for New York City with low temperatures predicted to fall to about 5 degrees Fahrenheit by Sunday morning with real-feel temperatures dropping as low as -20 degrees Fahrenheit. Residents are advised to bundle up and limit exposed skin...
Amidst the reckoning that took place across the country in mid-2020, the phrase "master suite" has gradually gotten phased out of real estate listings in favor of less fraught terms like "primary suite" or "main bedroom." But while the name is changing, the definition has not: It refers to the la...
One of Mayor Zohran Mamdani’s key campaign promises was a temporary rent freeze on New York City’s more than one million rent-stabilized apartments. In fact, the mayor doesn’t set rents on stabilized units (that decision is made by the independent Rent Guidelines Board), but he does have the abil...
It has been one of those New York weeks where the city feels more infuriating than awe-inspiring. Sidewalks piled high with off-white snow, slushy crosswalks, delayed trains, and numb fingers make it easy to forget why we put up with it all. But then you catch a glimpse of the skyline cutting thr...
In 2025, two of the biggest trends in luxury real estate were branded residences, where buyers have experience with luxury brands in other capacities, and turnkey residences that take many of the headaches and decisions out of buying (e.g., furnishing, decorating, maintaining when out of town). T...
Only four days of Landmarks Preservation Commission hearings have taken place in 2026 as of this writing, but they have been busy ones. The commissioners' only role is to judge the proposals based on their architectural appropriateness. However, it cannot be overlooked that some proposed projects...
As the residential market moves through a prolonged period of adjustment, agents are being forced to rethink how they operate, plan, and stay financially resilient. In this conversation, Ricky Carruth and Briggs Elwell of RLTYco discuss where housing fundamentals truly stand, why time and pent-up...
From January 27 - February 2, 2026, approximately 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included ten sponsor listings at 200 East 59th Street, which developer Harry Macklowe conceived as a sister building to the nearby 432 Park...

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