Manhattan Market Intelligence

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

The fall season in New York City real estate is off to a strong start. In September, nearly 1,700 homes went into contract—a 26.4% increase compared to last year and the highest since 2021 , according to StreetEasy. This uptick is likely due to the recent drop in mortgage rates. The market also saw over 4,100 new listings, reflecting a 7.1% rise from a year ago. Manhattan played a key role in this growth, particularly in the luxury market. With asking prices for luxury prop