Manhattan Market Intelligence

Overpricing a home can be tempting, as many sellers worry that pricing too close to market value leaves money on the table. John Walkup, co-founder and partner at UrbanDigs Analytics, explains, “This tendency is rooted in human psychology. Sellers believe that by not asking more than the home is worth, they miss out on potential gains.” In his analysis, Walkup categorizes pricing outcomes by days on market , classifying homes as either priced right, middle ground, or overpric

With the results of a historic presidential election still fresh, I know many are wondering how the housing market could be affected by the new administration. To start, we’ve seen a slight spike in the 30-year fixed mortgage rate, which jumped 9 basis points to 7.13% after Tuesday’s night’s election results—a new high since July 1, as reported by Mortgage News Daily. Historically, the real estate market doesn’t tend to shift immediately after an election. Instead, it ofte

PropertyShark's Q3 2024 report on NYC’s Top 50 Most Expensive Neighborhoods brings some noteworthy shifts. Notably, Hudson Yards , which held the top spot for the past two quarters, is absent from the rankings for the first time since the early pandemic shutdowns due to insufficient sales. This allowed SoHo , previously ranked second with a median sales price of $3.1M, to claim the # 1 spot for the first time in eight years, boasting a median price of $4.25M. Rounding out

A week from today, New Yorkers of all ages will take to the streets in costume to celebrate one of the city’s favorite holidays—Halloween. It’s a time for both young and old to embrace the thrill of escaping reality, whether by attending house parties, joining the iconic Halloween parade in Greenwich Village, or exploring haunted houses. This year, NBC adds to the fun with a first-ever Jimmy Fallon-themed haunted maze, " Tonightmares ," at Rockefeller Center—an experience sai