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HomeNew York City

New York City

One Fifth Avenue
New York Post

Co-op at celeb-studded One Fifth Avenue hits the market for $4.45M in NYC

May 22, 2024 Mariel Alumit Comments Off on Co-op at celeb-studded One Fifth Avenue hits the market for $4.45M in NYC

  A co-op on the 10th floor of legendary One Fifth Avenue has just hit the market for $4.45 million. If you snag the three-bedroom, three-bath combined corner unit, you just never know who you […]

Seaport
New York Post

NYC development near Seaport stuck in legal limbo is finally greenlit in latest blow to Engoron

May 22, 2024 Mariel Alumit Comments Off on NYC development near Seaport stuck in legal limbo is finally greenlit in latest blow to Engoron

Plans for an ambitious mixed-use development on what’s now a Seaport-area parking lot can finally go ahead, thanks to the state Court of Appeals’ refusal to reconsider a lower appeals court ruling that previously approved it. […]

Ty Pennington
New York Post

Trading spaces: HGTV star Ty Pennington lists High Line home in NYC

May 22, 2024 Mariel Alumit Comments Off on Trading spaces: HGTV star Ty Pennington lists High Line home in NYC

  Emmy Award-winning HGTV star Ty Pennington, host of “Rock the Block,” is listing his home overlooking the High Line for $2.65 million. Over the years, the former carpenter and model has also hosted popular […]

Jeff Bezos
New York Post

Here’s how much it costs to call Jeff Bezos your neighbor in NYC

May 17, 2024 Mariel Alumit Comments Off on Here’s how much it costs to call Jeff Bezos your neighbor in NYC

  He’s the second wealthiest person on Earth — and now you can be his neighbor in New York City. A 16th-floor residence at 212 Fifth Ave., a neo-Gothic, turn-of-the-century former manufacturing building has listed […]

Upper East Side
New York Post

NYC hospital-building boom on Upper East Side roils upper-crust residents

May 17, 2024 Mariel Alumit Comments Off on NYC hospital-building boom on Upper East Side roils upper-crust residents

  The Upper East Side, once known as the Silk Stocking District, has embraced cotton scrubs — but not everyone’s thrilled about it. CBRE cited growing demand for healthcare services, especially for those over age […]

trend
New York Post

NYC is leading the office- and hotel-to-apartment trend: Report

May 16, 2024 Mariel Alumit Comments Off on NYC is leading the office- and hotel-to-apartment trend: Report

  More and more former hotels and offices are being converted into homes, and Manhattan is the epicenter of the market phenomenon. A new report from real estate listings website RentCafe has found that adaptive […]

Robert Kraft
New York Post

Patriots owner Robert Kraft sells apartment in NYC’s iconic Plaza Hotel for $22.5M

May 10, 2024 Mariel Alumit Comments Off on Patriots owner Robert Kraft sells apartment in NYC’s iconic Plaza Hotel for $22.5M

  In an off-market deal, New England Patriots owner Robert Kraft has sold his long-held apartment inside New York City’s renowned Plaza Hotel for $22.5 million. Patriots owner Robert Kraft has unloaded his Plaza Hotel […]

evictions
New York Post

New York City apartment evictions in 2023 not as bad as media say it is

May 7, 2024 Mariel Alumit Comments Off on New York City apartment evictions in 2023 not as bad as media say it is

  Bleeding-heart real estate myths die hard. Take propaganda that residential evictions are surging in the Big Apple. The false argument was endlessly cited to support so-called “good-cause eviction” (which would have made it near […]

broker fees
New York Post

Is 2024 the year New York City curbs broker fees?

March 20, 2024 Mariel Alumit Comments Off on Is 2024 the year New York City curbs broker fees?

  Although recent years’ attempts to ban NYC’s pesky broker fees have fizzled, there’s a new bill that’s showing promise. Brought by Brooklyn lawmaker and the New York City Council’s youngest member, 26-year-old Chi Ossé, […]

Housing Crisis
Weely Real Estate News

Guest Opinion: How to Fix New York City’s Housing Crisis

February 22, 2024 Allen Santos Comments Off on Guest Opinion: How to Fix New York City’s Housing Crisis

John Ketcham is a fellow and director of cities at the Manhattan Institute for Policy Research. This article is adapted from written testimony submitted today before the U.S. House of Representatives’ Subcommittee on Housing and […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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