New York Insight

By the end of 2023, several trends that held the residential real estate market back for much of the year— inflation, high mortgage rates and low inventory—had begun to ease.

Jonathan Miller, the President and CEO of Miller Samuel Inc. and compiler of Douglas Elliman’s keenly followed market reports since 1993 gives us his perspective on the outlook for the market

Against a backdrop of economic uncertainty and volatility in several asset classes, New York’s steady price growth, rising rents and low purchase costs are supporting demand.

As investors look to real estate as an inflation hedge, New York’s credentials as a global and transparent market that faces strong tenant demand are back in the spotlight.

Economic uncertainty and a strong US dollar put New York real estate back in the spotlight.

New York - known as “the city that never sleeps” - has certainly been wide awake this year when it comes to its property market. The market has seen a resurgence in super-prime sales following the…

The urban exodus experienced at the start of the Covid-19 crisis is clearly in reverse in New York, with key real estate market indicators suggesting a recovery is underway.

Any doubts about New York’s resilience seem entirely unwarranted as it continues to emerge from the pandemic.

America’s post-lockdown boom looks to have started with economic indicators from employment to household spending now on an upward curve.