Manhattan Market Intelligence

According to a recent Zillow analysis , “a median-income family would either need home values to fall by 18% or mortgage rates to drop from June’s 6.74% to 4.43% in order to afford a typical U.S. home.” In other words, waiting for both rates and prices to tumble is unrealistic. The New York Times goes further, pointing out the U.S. metros where a median-income household has the highest affordability for a median-priced home. But while those national headlines may sound...

While New York is still dominated by older housing stock—83% of all sales in the past year—newer homes (built after 2015) are commanding a significant premium, selling for 58% more than older inventory . Renovated homes that have been upgraded since 2015 generally track closer to older properties, but in some neighborhoods, the premiums can be dramatic. This “newness premium” plays out differently across the city. In some neighborhoods, new construction and gut renovations

Downtown Brooklyn’s housing market is booming. More than 3,700 new units were completed in the first half of 2025 alone—a record-breaking surge that eclipses the borough’s last major growth spurt in 2002, when just 2,925 units were delivered over the entire year. Roughly 30% of this year’s additions include affordable housing. Jonathan Miller, CEO and President of Miller Samuel, draws a comparison to Manhattan’s Financial District during its transformation years ago, when