Yesterday, the Federal Reserve issued a widely expected 25-basis-point rate cut  — its third consecutive reduction — bringing the benchmark rate to its lowest level in three years. But while borrowing costs moved lower, the tone was unmistakably cautious. As CNBC previewed ahead of the meeting, this turned out to be a true “ hawkish cut ”— a reduction paired with a message that further easing may be limited or slower than markets had hoped. Because in NYC, mortgage affordabil

A new report from PropertyShark  offers a detailed look at how long New Yorkers stay in their homes, and the results show a noteworthy divide. While Manhattan and Brooklyn tend to see faster turnover, homeowners in Queens and the Bronx hold onto their properties for significantly longer.   For buyers and sellers alike, understanding these patterns sheds light on inventory trends, pricing pressure, and the motivations behind why New Yorkers move (or don’t). Here’s what the dat

The proposed introduction of a 50-year mortgage , discussed recently by the White House, is generating a lot of conversation nationwide. Supporters argue it could help improve affordability for first-time buyers, while critics warn it may extend debt burdens and inflate home prices even further.   But one question matters most for New Yorkers: Would a 50-year mortgage even be relevant, or available, in NYC’s unique market?   Here’s a breakdown of what’s being discussed nation

Following an already strong fall season, Manhattan’s luxury market showed no signs of slowing down after election week. Luxury contracts soared  during the second week of November, marking the strongest performance since May and signaling renewed buyer confidence across the high-end market.   Momentum Carries Through Fall   Even amid the uncertainty surrounding New York City’s mayoral election, affluent buyers acted decisively. Data shows 30 contracts at $4 million or more  w