Manhattan Market Intelligence

In the early 2000s, it wasn’t unusual for foreign investors to pour into the New York real estate market, buoyed by favorable exchange rates and a strong appetite for U.S. assets. But recently, that trend has taken a sharp turn.   According to the National Association of Realtors, international buyers purchased just 54,300 existing homes nationwide  over the past year—a 36% drop and the lowest level since 2009. The total dollar volume also fell to $42 billion, down 21% year o

With all the back-and-forth on tariffs, many people are feeling hesitant about making moves with their portfolios or real estate investments. After a sharp drop in the stock market earlier this week, markets appeared to rebound slightly yesterday following President Trump’s surprise announcement of a 90-day tariff pause in the ongoing trade war. This so-called “timeout” may have been prompted by advisors urging Trump to ease off his most stringent tariffs in order to avoid wh

The newly released Q1 2025 Manhattan Apartment Market Report  reveals a sharp 29% year-over-year increase in apartment sales, with the total dollar volume soaring to $5.7 billion—up 56% from the same period in 2024. This dramatic growth was fueled largely by the luxury sector, as high-net-worth individuals turned to real estate as a safe investment amid market uncertainty. Several key factors contributed to this surge: Falling mortgage rates : Between May and October 2024, mo

The latest inventory report  shows that Manhattan’s supply of apartments for sale dropped to 6.9 months in March, creating a bit of a spring sales gridlock. While activity has picked up, it hasn’t reached the pace we typically expect this time of year. Brown Harris Stevens CEO Bess Freedman suggests  that uncertainty around potential tariffs from the new administration, combined with broader economic concerns, may be contributing factors. Despite the slowdown, Freedman remain