Despite warnings, New York real estate isn’t in freefall

A recent second quarter report from Douglas Elliman for Manhattan real estate sounds ominous: sale prices were down 17.7% year over year. However, upon a closer look, New York city real estate isn't a market with plunging prices or inherent weakness like the recession in 2008.
Read more

Huge rebound for housing market in May

Residential real estate made a huge comeback in May, with pending home sales jumping by 44.3% month-over-month. That is the highest month to month gain in pending sales that the National Association of Realtors has ever tracked, and it is a strong indication that the residential real estate market is robust heading into the summer season.
Read more