This is Corey Cohen, founder of The Roebling Group – the #1 Google-ranked real estate agency. The Roebling Report is our bi-weekly newsletter that summarizes everything you need to know about New York City real estate. Prices Set to Cool This Autumn The average 30-year fixed-rate mortgage currently sits at 7.49%, a dramatic increase from roughly 3% at the start of 2022. This rapid increase in mortgage rates has made it much harder for prospective buyers to find the right home

If you stuck around New York City in the throes of 2020 and 2021 odds are in favor you were rewarded with more affordable rent. To some that meant living in the neighborhood of their dreams and to others it meant a rent reduction of 20%. Those days have passed. While rent renewals with increases of 20-30% make for a highly shareable Tik Tok clip it’s a day that certainly isn’t surprising for an inherently supply-constrained city like New York. To investors it’s a c

Demand soared through spring and early summer for New York City real estate across all boroughs and price points.